Q3 Marine Transportation Earnings Kirby Impresses
| GNK Stock | USD 13.94 0.11 0.80% |
About 54% of Genco Shipping's investor base is interested to short. The current sentiment of investing in Genco Shipping Trading suggests that many traders are impartial. Genco Shipping's investing sentiment shows overall attitude of investors towards Genco Shipping Trading.
Genco |
Looking back on marine transportation stocks Q3 earnings, we examine this quarters best and worst performers, including Kirby and its peers.
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Genco Shipping Fundamental Analysis
We analyze Genco Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Genco Shipping using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Genco Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Genco Shipping is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Genco Shipping Trading Potential Pair-trading
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.
Peers
Genco Shipping Related Equities
| DSX | Diana Shipping | 5.38 | ||||
| GOGL | Golden Ocean | 4.24 | ||||
| SBLK | Star Bulk | 3.68 | ||||
| DAC | Danaos | 3.53 | ||||
| ASC | Ardmore Shpng | 2.30 | ||||
| OP | Oceanpal | 1.75 | ||||
| CMRE | Costamare | 0.78 | ||||
| GSL | Global Ship | 0.60 |
Check out Genco Shipping Hype Analysis, Genco Shipping Correlation and Genco Shipping Performance. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is 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.
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.