Genco Shipping Trading Stock Price on October 18, 2024
| GNK Stock | USD 16.03 0.77 4.58% |
Below is the normalized historical share price chart for Genco Shipping Trading extending back to July 15, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Genco Shipping stands at 16.03, as last reported on the 28th of November, with the highest price reaching 16.70 and the lowest price hitting 16.00 during the day.
If you're considering investing in Genco Stock, it is important to understand the factors that can impact its price. Genco Shipping Trading holds Efficiency (Sharpe) Ratio of -0.0506, which attests that the entity had a -0.0506% return per unit of risk over the last 3 months. Genco Shipping Trading exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genco Shipping's Market Risk Adjusted Performance of (0.11), risk adjusted performance of (0.03), and Standard Deviation of 1.82 to validate the risk estimate we provide.
At this time, Genco Shipping's Stock Based Compensation is quite stable compared to the past year. . At this time, Genco Shipping's Price Fair Value is quite stable compared to the past year. Genco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of July 2005 | 200 Day MA 19.4084 | 50 Day MA 17.357 | Beta 0.966 |
Genco |
Sharpe Ratio = -0.0506
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Estimated Market Risk
| 1.83 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Genco Shipping is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Genco Shipping by adding Genco Shipping to a well-diversified portfolio.
Price Book 0.737 | Enterprise Value Ebitda 4.7105 | Price Sales 1.5601 | Shares Float 41.8 M | Dividend Share 1.57 |
Genco Shipping Valuation on October 18, 2024
It is possible to determine the worth of Genco Shipping on a given historical date. On October 18, 2024 Genco was worth 16.88 at the beginning of the trading date compared to the closed value of 16.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Genco Shipping stock. Still, in general, we apply an absolute valuation method to find Genco Shipping's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Genco Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Genco Shipping's related companies.
| Open | High | Low | Close | Volume | |
| 16.55 | 16.79 | 16.39 | 16.73 | 370,035 | |
10/18/2024 | 16.88 | 16.91 | 16.56 | 16.59 | 244,470 |
| 16.58 | 16.58 | 16.08 | 16.13 | 346,909 |
| Backtest Genco Shipping | | | Genco Shipping History | | | Genco Shipping Valuation | Previous | Next |
Genco Shipping Trading Date Momentum on October 18, 2024
| On October 21 2024 Genco Shipping Trading was traded for 16.13 at the closing time. Highest Genco Shipping's price during the trading hours was 16.58 and the lowest price during the day was 16.08 . The net volume was 346.9 K. The overall trading history on the 21st of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.77% . The overall trading delta to current price is 7.11% . |
Genco Shipping Trading Fundamentals Correlations and Trends
By evaluating Genco Shipping's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Genco Shipping's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Genco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Genco Shipping Stock history
Genco Shipping investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Genco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Genco Shipping Trading will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Genco Shipping stock prices may prove useful in developing a viable investing in Genco Shipping
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 42.8 M | 44.9 M | |
| Net Income Applicable To Common Shares | 142.7 M | 149.9 M |
Genco Shipping Quarterly Net Working Capital |
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Genco Shipping Stock Technical Analysis
Genco Shipping technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Genco Shipping Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Genco Shipping Trading cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Genco Shipping November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Genco Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genco Shipping shares will generate the highest return on investment. By undertsting and applying Genco Shipping stock market strength indicators, traders can identify Genco Shipping Trading entry and exit signals to maximize returns
Genco Shipping Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Genco Shipping's price direction in advance. Along with the technical and fundamental analysis of Genco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Genco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.12) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genco Shipping. If investors know Genco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genco Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1 | Dividend Share 1.57 | Earnings Share 1.58 | Revenue Per Share 10.221 | Quarterly Revenue Growth 0.192 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.