Genie Energy Stock Market Value
| GNE Stock | USD 15.90 0.30 1.92% |
| Symbol | Genie |
Genie Energy Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genie Energy. If investors know Genie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genie Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.3 | Earnings Share 0.08 | Revenue Per Share 16.136 | Quarterly Revenue Growth (0.10) |
The market value of Genie Energy is measured differently than its book value, which is the value of Genie that is recorded on the company's balance sheet. Investors also form their own opinion of Genie Energy's value that differs from its market value or its book value, called intrinsic value, which is Genie Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genie Energy's market value can be influenced by many factors that don't directly affect Genie Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Genie Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genie Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genie Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Genie Energy '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 Genie Energy'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 Genie Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Genie Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Genie Energy or generate 0.0% return on investment in Genie Energy over 30 days. Genie Energy is related to or competes with Centrais Electricas, Central Puerto, Korea Electric, Empresa Distribuidora, Entergy Texas, IDACORP, and MGE Energy. Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business cust... More
Genie Energy 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 Genie Energy'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 Genie Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 2.39 |
Genie Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genie Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genie Energy's standard deviation. In reality, there are many statistical measures that can use Genie Energy historical prices to predict the future Genie Energy's volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.01) |
Genie Energy Backtested Returns
Genie Energy holds Efficiency (Sharpe) Ratio of -0.0274, which attests that the entity had a -0.0274% return per unit of risk over the last 3 months. Genie Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genie Energy's Standard Deviation of 1.84, insignificant market risk adjusted performance, and Risk Adjusted Performance of 0.0037 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.17, 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, Genie Energy will likely underperform. At this point, Genie Energy has a negative expected return of -0.0506%. Please make sure to check out Genie Energy's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Genie Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Genie Energy has below average predictability. Overlapping area represents the amount of predictability between Genie Energy 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 Genie Energy price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Genie Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Genie Energy lagged returns against current returns
Autocorrelation, which is Genie Energy 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 Genie Energy's stock expected returns. We can calculate the autocorrelation of Genie Energy returns to help us make a trade decision. For example, suppose you find that Genie Energy 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 |
Genie Energy 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 Genie Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genie Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genie Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Genie Energy Lagged Returns
When evaluating Genie Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genie Energy stock have on its future price. Genie Energy 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, Genie Energy autocorrelation shows the relationship between Genie Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Genie Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Genie Energy is a strong investment it is important to analyze Genie Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Genie Energy's future performance. For an informed investment choice regarding Genie Stock, refer to the following important reports:Check out Genie Energy Correlation, Genie Energy Volatility and Genie Energy Alpha and Beta module to complement your research on Genie Energy. For information on how to trade Genie Stock refer to our How to Trade Genie Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Genie Energy 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.