Genoway (France) Market Value
| ALGEN Stock | EUR 3.93 0.09 2.34% |
| Symbol | Genoway |
Genoway 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Genoway's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Genoway.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Genoway on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Genoway or generate 0.0% return on investment in Genoway over 180 days. Genoway is related to or competes with Eurobio Scientific, Biosynex, and Biophytis. genOway S.A., a biotechnology company, engages in the development and sale of custom genetically-modified mouse, rat, an... More
Genoway Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Genoway's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Genoway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.49 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.48 |
Genoway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genoway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genoway's standard deviation. In reality, there are many statistical measures that can use Genoway historical prices to predict the future Genoway's volatility.| Risk Adjusted Performance | 0.003 | |||
| Jensen Alpha | 0.0318 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.0461 |
Genoway Backtested Returns
Genoway holds Efficiency (Sharpe) Ratio of -2.0E-4, which attests that the entity had a -2.0E-4% return per unit of risk over the last 3 months. Genoway exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genoway's Standard Deviation of 1.96, market risk adjusted performance of 0.0561, and Risk Adjusted Performance of 0.003 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Genoway are expected to decrease at a much lower rate. During the bear market, Genoway is likely to outperform the market. At this point, Genoway has a negative expected return of -4.0E-4%. Please make sure to check out Genoway's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Genoway performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Genoway has below average predictability. Overlapping area represents the amount of predictability between Genoway time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Genoway price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Genoway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Genoway lagged returns against current returns
Autocorrelation, which is Genoway stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Genoway's stock expected returns. We can calculate the autocorrelation of Genoway returns to help us make a trade decision. For example, suppose you find that Genoway has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Genoway regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Genoway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genoway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genoway stock over time.
Current vs Lagged Prices |
| Timeline |
Genoway Lagged Returns
When evaluating Genoway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genoway stock have on its future price. Genoway autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Genoway autocorrelation shows the relationship between Genoway stock current value and its past values and can show if there is a momentum factor associated with investing in Genoway.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Genoway Stock Analysis
When running Genoway's price analysis, check to measure Genoway'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 Genoway is operating at the current time. Most of Genoway's value examination focuses on studying past and present price action to predict the probability of Genoway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genoway's price. Additionally, you may evaluate how the addition of Genoway to your portfolios can decrease your overall portfolio volatility.