The Gns Group Stock Market Value
| NASO Stock | USD 1.50 0.00 0.00% |
| Symbol | GNS |
GNS '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 GNS's otc 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 GNS.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in GNS on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding The GNS Group or generate 0.0% return on investment in GNS over 90 days. GNS is related to or competes with Kimberly Clark, Clorox, Procter Gamble, Unilever PLC, and Church Dwight. Naples Soap Company Inc., a health and wellness company, manufactures and sells personal care products, including soap, ... More
GNS 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 GNS's otc 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 The GNS Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 91.11 | |||
| Value At Risk | (27.59) | |||
| Potential Upside | 37.5 |
GNS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GNS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GNS's standard deviation. In reality, there are many statistical measures that can use GNS historical prices to predict the future GNS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (3.40) | |||
| Treynor Ratio | 0.2421 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GNS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GNS Group Backtested Returns
GNS Group holds Efficiency (Sharpe) Ratio of -0.0725, which attests that the entity had a -0.0725% return per unit of risk over the last 3 months. GNS Group exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GNS's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.2521, and Standard Deviation of 16.71 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -3.67, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GNS are expected to decrease by larger amounts. On the other hand, during market turmoil, GNS is expected to outperform it. At this point, GNS Group has a negative expected return of -1.14%. Please make sure to check out GNS's coefficient of variation, total risk alpha, as well as the relationship between the Total Risk Alpha and rate of daily change , to decide if GNS Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
The GNS Group has weak predictability. Overlapping area represents the amount of predictability between GNS time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 GNS Group price movement. The serial correlation of 0.24 indicates that over 24.0% of current GNS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
GNS Group lagged returns against current returns
Autocorrelation, which is GNS otc 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 GNS's otc stock expected returns. We can calculate the autocorrelation of GNS returns to help us make a trade decision. For example, suppose you find that GNS has exhibited high autocorrelation historically, and you observe that the otc 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 |
GNS 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 GNS otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GNS otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GNS otc stock over time.
Current vs Lagged Prices |
| Timeline |
GNS Lagged Returns
When evaluating GNS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GNS otc stock have on its future price. GNS 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, GNS autocorrelation shows the relationship between GNS otc stock current value and its past values and can show if there is a momentum factor associated with investing in The GNS Group.
Regressed Prices |
| Timeline |
Pair Trading with GNS
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 GNS 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 GNS will appreciate offsetting losses from the drop in the long position's value.Moving together with GNS OTC Stock
| 0.68 | LRLCF | LOral SA | PairCorr |
| 0.84 | UL | Unilever PLC ADR | PairCorr |
| 0.84 | CL | Colgate Palmolive Fiscal Year End 24th of January 2025 | PairCorr |
Moving against GNS OTC Stock
| 0.86 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | T | ATT Inc Aggressive Push | PairCorr |
| 0.78 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
The ability to find closely correlated positions to GNS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GNS 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 GNS - 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 The GNS Group to buy it.
The correlation of GNS 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 GNS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GNS Group 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 GNS 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 GNS OTC Stock
GNS financial ratios help investors to determine whether GNS OTC 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 GNS with respect to the benefits of owning GNS security.