Genesco (Germany) Market Value
| GN8 Stock | EUR 27.40 0.40 1.48% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Genesco on December 6, 2022 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 720 days. Genesco is related to or competes with CONAGRA FOODS, Silicon Motion, China BlueChemical, INDOFOOD AGRI, Cal-Maine Foods, Tyson Foods, and Beyond Meat. 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 | 3.62 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 6.3 |
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 | 0.0336 | |||
| Jensen Alpha | 0.0507 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2226 |
Genesco Backtested Returns
At this point, Genesco is not too volatile. Genesco holds Efficiency (Sharpe) Ratio of 0.0147, which attests that the entity had a 0.0147% 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 check out Genesco's Downside Deviation of 3.62, risk adjusted performance of 0.0336, and Market Risk Adjusted Performance of 0.2326 to validate if the risk estimate we provide is consistent with the expected return of 0.0527%. Genesco has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genesco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genesco is expected to be smaller as well. Genesco right now retains a risk of 3.59%. Please check out Genesco total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Genesco will be following its current trending patterns.
Auto-correlation | 0.53 |
Modest predictability
Genesco has modest predictability. Overlapping area represents the amount of predictability between Genesco time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 0.53 indicates that about 53.0% of current Genesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 5.43 |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.