Genco Shipping Stock Forecast - 4 Period Moving Average
| GNU1 Stock | EUR 15.48 0.39 2.46% |
The 4 Period Moving Average forecasted value of Genco Shipping Trading on the next trading day is expected to be 15.67 with a mean absolute deviation of 0.36 and the sum of the absolute errors of 20.30. Genco Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Genco Shipping's historical fundamentals, such as revenue growth or operating cash flow patterns.
Genco |
Genco Shipping 4 Period Moving Average Price Forecast For the 30th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Genco Shipping Trading on the next trading day is expected to be 15.67 with a mean absolute deviation of 0.36, mean absolute percentage error of 0.19, and the sum of the absolute errors of 20.30.Please note that although there have been many attempts to predict Genco Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Genco Shipping's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genco Shipping Stock Forecast Pattern
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Genco Shipping Forecasted Value
In the context of forecasting Genco Shipping's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Genco Shipping's downside and upside margins for the forecasting period are 13.79 and 17.54, respectively. We have considered Genco Shipping's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Genco Shipping stock data series using in forecasting. Note that when a statistical model is used to represent Genco Shipping stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 109.102 |
| Bias | Arithmetic mean of the errors | -0.0436 |
| MAD | Mean absolute deviation | 0.3562 |
| MAPE | Mean absolute percentage error | 0.0232 |
| SAE | Sum of the absolute errors | 20.3025 |
Predictive Modules for Genco Shipping
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genco Shipping Trading. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Genco Shipping
For every potential investor in Genco, whether a beginner or expert, Genco Shipping's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genco. Basic forecasting techniques help filter out the noise by identifying Genco Shipping's price trends.Genco Shipping Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genco Shipping stock to make a market-neutral strategy. Peer analysis of Genco Shipping could also be used in its relative valuation, which is a method of valuing Genco Shipping by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Genco Shipping Trading Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Genco Shipping's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Genco Shipping's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Genco Shipping Market Strength Events
Market strength indicators help investors to evaluate how Genco Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genco Shipping shares will generate the highest return on investment. By undertsting and applying Genco Shipping stock market strength indicators, traders can identify Genco Shipping Trading entry and exit signals to maximize returns.
Genco Shipping Risk Indicators
The analysis of Genco Shipping's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Genco Shipping's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genco stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.35 | |||
| Semi Deviation | 1.61 | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.41 | |||
| Downside Variance | 2.83 | |||
| Semi Variance | 2.6 | |||
| Expected Short fall | (1.44) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Genco Stock
When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:Check out Historical Fundamental Analysis of Genco Shipping to cross-verify your projections. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.