Genesis Land Development Stock Market Value
| GDC Stock | CAD 4.04 0.08 1.94% |
| Symbol | Genesis |
Genesis Land Development Price To Book Ratio
Genesis Land '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 Genesis Land'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 Genesis Land.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Genesis Land on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Genesis Land Development or generate 0.0% return on investment in Genesis Land over 30 days. Genesis Land is related to or competes with Melcor Developments, Mainstreet Equity, Madison Pacific, Morguard, and Glacier Media. Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes pr... More
Genesis Land 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 Genesis Land'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 Genesis Land Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0489 | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.85 |
Genesis Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesis Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesis Land's standard deviation. In reality, there are many statistical measures that can use Genesis Land historical prices to predict the future Genesis Land's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.1735 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 0.6486 |
Genesis Land Development Backtested Returns
Genesis Land appears to be slightly risky, given 3 months investment horizon. Genesis Land Development holds Efficiency (Sharpe) Ratio of 0.094, which attests that the entity had a 0.094% return per unit of risk over the last 3 months. We have found thirty technical indicators for Genesis Land Development, which you can use to evaluate the volatility of the firm. Please utilize Genesis Land's Market Risk Adjusted Performance of 0.6586, downside deviation of 2.62, and Risk Adjusted Performance of 0.0825 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesis Land holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genesis Land's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genesis Land is expected to be smaller as well. Please check Genesis Land's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Genesis Land's current trending patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Genesis Land Development has very weak reverse predictability. Overlapping area represents the amount of predictability between Genesis Land time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Genesis Land Development price movement. The serial correlation of -0.02 indicates that only 2.0% of current Genesis Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Genesis Land Development lagged returns against current returns
Autocorrelation, which is Genesis Land 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 Genesis Land's stock expected returns. We can calculate the autocorrelation of Genesis Land returns to help us make a trade decision. For example, suppose you find that Genesis Land 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 |
Genesis Land 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 Genesis Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesis Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesis Land stock over time.
Current vs Lagged Prices |
| Timeline |
Genesis Land Lagged Returns
When evaluating Genesis Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesis Land stock have on its future price. Genesis Land 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, Genesis Land autocorrelation shows the relationship between Genesis Land stock current value and its past values and can show if there is a momentum factor associated with investing in Genesis Land Development.
Regressed Prices |
| Timeline |
Pair Trading with Genesis Land
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Genesis Land position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Genesis Land will appreciate offsetting losses from the drop in the long position's value.Moving together with Genesis Stock
The ability to find closely correlated positions to Genesis Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesis Land when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Genesis Land - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Genesis Land Development to buy it.
The correlation of Genesis Land is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesis Land moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesis Land Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Genesis Land can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Genesis Stock
Genesis Land financial ratios help investors to determine whether Genesis Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Genesis with respect to the benefits of owning Genesis Land security.