Genesco (Germany) Market Value
| GN8 Stock | EUR 32.60 1.60 5.16% |
| Symbol | Genesco |
Genesco '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 Genesco'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 Genesco.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Genesco on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Genesco or generate 0.0% return on investment in Genesco over 90 days. Genesco is related to or competes with LGI Homes, American Homes, Dalata Hotel, DFS Furniture, Tri Pointe, and MHP Hotel. Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories More
Genesco 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 Genesco'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 Genesco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.055 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.63 |
Genesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesco's standard deviation. In reality, there are many statistical measures that can use Genesco historical prices to predict the future Genesco's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.0999 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | 0.1636 |
Genesco Backtested Returns
Genesco appears to be not too volatile, given 3 months investment horizon. Genesco holds Efficiency (Sharpe) Ratio of 0.0858, which attests that the entity had a 0.0858% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Genesco, which you can use to evaluate the volatility of the firm. Please utilize Genesco's Downside Deviation of 3.83, market risk adjusted performance of 0.1736, and Risk Adjusted Performance of 0.0739 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesco holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 2.07, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Genesco will likely underperform. Please check Genesco's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Genesco's current trending patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Genesco has very weak reverse predictability. Overlapping area represents the amount of predictability between Genesco time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Genesco price movement. The serial correlation of -0.02 indicates that only 2.0% of current Genesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 4.3 |
Genesco lagged returns against current returns
Autocorrelation, which is Genesco 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 Genesco's stock expected returns. We can calculate the autocorrelation of Genesco returns to help us make a trade decision. For example, suppose you find that Genesco 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 |
Genesco 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 Genesco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesco stock over time.
Current vs Lagged Prices |
| Timeline |
Genesco Lagged Returns
When evaluating Genesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesco stock have on its future price. Genesco 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, Genesco autocorrelation shows the relationship between Genesco stock current value and its past values and can show if there is a momentum factor associated with investing in Genesco.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Genesco Stock
When determining whether Genesco offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genesco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Genesco Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genesco Stock:Check out Genesco Correlation, Genesco Volatility and Genesco Alpha and Beta module to complement your research on Genesco. For more detail on how to invest in Genesco Stock please use our How to Invest in Genesco guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Genesco 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.