Genco Shipping Stock Forecast - Daily Balance Of Power
| GNK Stock | USD 13.91 0.12 0.86% |
Genco Stock Forecast is based on your current time horizon. Although Genco Shipping's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Genco Shipping's systematic risk associated with finding meaningful patterns of Genco Shipping fundamentals over time.
Genco |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.69) | (0.77) |
| Check Genco Shipping Volatility | Backtest Genco Shipping | Trend Details |
Genco Shipping Trading Date Momentum
| On May 24 2024 Genco Shipping Trading was traded for 21.19 at the closing time. Highest Genco Shipping's price during the trading hours was 21.40 and the lowest price during the day was 20.99 . The net volume was 643.3 K. The overall trading history on the 24th of May contributed to the next trading period price upswing. The overall trading delta to the next next day price was 2.17% . The overall trading delta to current price is 2.84% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Genco Shipping to competition |
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 | ||
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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 | 1.37 | |||
| Standard Deviation | 1.77 | |||
| Variance | 3.14 |
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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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Genco Shipping to cross-verify your projections. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.