Genco Shipping Trading Stock Market Value
| GNK Stock | USD 16.73 0.41 2.39% |
| Symbol | Genco |
Genco Shipping Trading Price To Book Ratio
Is Marine Transportation 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 Genco Shipping. If investors know Genco 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 Genco Shipping 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 1 | Dividend Share 1.57 | Earnings Share 1.58 | Revenue Per Share 10.221 | Quarterly Revenue Growth 0.192 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping'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 Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping'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 Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping'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.
Genco Shipping '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 Genco Shipping'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 Genco Shipping.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Genco Shipping on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Genco Shipping Trading or generate 0.0% return on investment in Genco Shipping over 30 days. Genco Shipping is related to or competes with Star Bulk, Golden Ocean, Global Ship, Danaos, Diana Shipping, Costamare, and Ardmore Shpng. Genco Shipping Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes ... More
Genco Shipping 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 Genco Shipping'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 Genco Shipping Trading upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.25 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 2.54 |
Genco Shipping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genco Shipping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genco Shipping's standard deviation. In reality, there are many statistical measures that can use Genco Shipping historical prices to predict the future Genco Shipping's volatility.| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.02) |
Genco Shipping Trading Backtested Returns
As of now, Genco Stock is very steady. Genco Shipping Trading holds Efficiency (Sharpe) Ratio of 0.0044, which attests that the entity had a 0.0044% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Genco Shipping Trading, which you can use to evaluate the volatility of the firm. Please check out Genco Shipping's Risk Adjusted Performance of 0.0036, standard deviation of 1.76, and Market Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0078%. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genco Shipping's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genco Shipping is expected to be smaller as well. Genco Shipping Trading right now retains a risk of 1.76%. Please check out Genco Shipping accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Genco Shipping will be following its current trending patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Genco Shipping Trading has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Genco Shipping 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 Genco Shipping Trading price movement. The serial correlation of -0.73 indicates that around 73.0% of current Genco Shipping price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Genco Shipping Trading lagged returns against current returns
Autocorrelation, which is Genco Shipping 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 Genco Shipping's stock expected returns. We can calculate the autocorrelation of Genco Shipping returns to help us make a trade decision. For example, suppose you find that Genco Shipping 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 |
Genco Shipping 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 Genco Shipping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genco Shipping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genco Shipping stock over time.
Current vs Lagged Prices |
| Timeline |
Genco Shipping Lagged Returns
When evaluating Genco Shipping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genco Shipping stock have on its future price. Genco Shipping 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, Genco Shipping autocorrelation shows the relationship between Genco Shipping stock current value and its past values and can show if there is a momentum factor associated with investing in Genco Shipping Trading.
Regressed Prices |
| Timeline |
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Genco Shipping 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.