Genco Shipping (Germany) Price on April 24, 2024
| GNU1 Stock | EUR 15.04 0.01 0.07% |
If you're considering investing in Genco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Genco Shipping stands at 15.04, as last reported on the 2nd of December, with the highest price reaching 15.04 and the lowest price hitting 14.77 during the day. At this point, Genco Shipping is not too volatile. Genco Shipping Trading holds Efficiency (Sharpe) Ratio of 0.0039, which attests that the entity had a 0.0039% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Genco Shipping Trading, which you can use to evaluate the volatility of the firm. Please check out Genco Shipping's Downside Deviation of 1.73, market risk adjusted performance of 0.0149, and Risk Adjusted Performance of 0.0113 to validate if the risk estimate we provide is consistent with the expected return of 0.0073%.
Genco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Genco |
Sharpe Ratio = 0.0039
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Estimated Market Risk
| 1.89 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 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.
Genco Shipping Valuation on April 24, 2024
It is possible to determine the worth of Genco Shipping on a given historical date. On April 24, 2024 Genco was worth 17.95 at the beginning of the trading date compared to the closed value of 18.18. 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 | |
| 17.74 | 17.75 | 17.71 | 17.75 | 50.00 | |
04/24/2024 | 17.95 | 18.18 | 17.94 | 18.18 | 1.00 |
| 17.94 | 18.30 | 17.92 | 18.30 | 1.00 |
| Backtest Genco Shipping | | | Genco Shipping History | | | Genco Shipping Valuation | Previous | Next |
Genco Shipping Trading Date Momentum on April 24, 2024
| On April 25 2024 Genco Shipping Trading was traded for 18.30 at the closing time. The maximum traded price for the trading interval was 18.30 and the lowest daily price was 17.92 . There was no trading activity during the period 1.0. Lack of trading volume on 25th of April 2024 played a part in the next trading day price rise. The overall trading delta to the next closing price was 0.66% . The overall trading delta to the closing price today is 0.94% . |
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
Genco Shipping Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. Genco Shipping Trading Limited was incorporated in 2004 and is headquartered in New York, New York. GENCO SHIP operates under Marine Shipping classification in Germany and is traded on Frankfurt Stock Exchange. It employs 960 people.
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 | December 2, 2024
| High |
0.00 | 0.00 |
Genco Shipping Trading cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 December 2, 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 | 0.0113 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0049 |
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Complementary Tools for Genco Stock analysis
When running Genco Shipping's price analysis, check to measure Genco Shipping's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genco Shipping is operating at the current time. Most of Genco Shipping's value examination focuses on studying past and present price action to predict the probability of Genco Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genco Shipping's price. Additionally, you may evaluate how the addition of Genco Shipping to your portfolios can decrease your overall portfolio volatility.
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