Gen Digital (Brazil) Market Value
| S1YM34 Stock | BRL 178.93 0.00 0.00% |
| Symbol | Gen |
Gen Digital '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 Gen Digital'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 Gen Digital.
| 12/13/2024 |
| 01/12/2025 |
If you would invest 0.00 in Gen Digital on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Gen Digital or generate 0.0% return on investment in Gen Digital over 30 days. Gen Digital is related to or competes with Tyson Foods, United Airlines, Paycom Software, DXC Technology, and MAHLE Metal. NortonLifeLock Inc. provides cyber safety solutions for consumers worldwide More
Gen Digital 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 Gen Digital'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 Gen Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1417 | |||
| Maximum Drawdown | 28.38 | |||
| Potential Upside | 0.5225 |
Gen Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gen Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gen Digital's standard deviation. In reality, there are many statistical measures that can use Gen Digital historical prices to predict the future Gen Digital's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.4951 | |||
| Total Risk Alpha | 0.5179 | |||
| Treynor Ratio | 0.2135 |
Gen Digital Backtested Returns
Gen Digital appears to be very steady, given 3 months investment horizon. Gen Digital holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Gen Digital's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Gen Digital's Standard Deviation of 3.39, market risk adjusted performance of 0.2235, and Risk Adjusted Performance of 0.1236 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gen Digital holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 2.2, 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, Gen Digital will likely underperform. Please check Gen Digital's skewness, rate of daily change, and the relationship between the potential upside and kurtosis , to make a quick decision on whether Gen Digital's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Gen Digital has no correlation between past and present. Overlapping area represents the amount of predictability between Gen Digital time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gen Digital price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gen Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gen Digital lagged returns against current returns
Autocorrelation, which is Gen Digital 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 Gen Digital's stock expected returns. We can calculate the autocorrelation of Gen Digital returns to help us make a trade decision. For example, suppose you find that Gen Digital 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 |
Gen Digital 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 Gen Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gen Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gen Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Gen Digital Lagged Returns
When evaluating Gen Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gen Digital stock have on its future price. Gen Digital 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, Gen Digital autocorrelation shows the relationship between Gen Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Gen Digital.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Gen Stock
When determining whether Gen Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gen Digital'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 Gen Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gen Digital Stock:Check out Gen Digital Correlation, Gen Digital Volatility and Gen Digital Alpha and Beta module to complement your research on Gen Digital. For information on how to trade Gen Stock refer to our How to Trade Gen Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Gen Digital 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.