Genesco Stock Market Value
| GCO Stock | USD 40.92 0.64 1.59% |
| Symbol | Genesco |
Genesco Price To Book Ratio
Is Specialty Retail 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 Genesco. If investors know Genesco 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 Genesco 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 (0.23) | Earnings Share (3.11) | Revenue Per Share 210.709 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0035 |
The market value of Genesco is measured differently than its book value, which is the value of Genesco that is recorded on the company's balance sheet. Investors also form their own opinion of Genesco's value that differs from its market value or its book value, called intrinsic value, which is Genesco'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 Genesco's market value can be influenced by many factors that don't directly affect Genesco'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 Genesco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genesco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genesco'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.
Genesco '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 Genesco'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 Genesco.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Genesco on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Genesco or generate 0.0% return on investment in Genesco over 30 days. Genesco is related to or competes with Macys, Wayfair, 1StdibsCom, AutoNation, Boqii Holding, Home Depot, and JD. Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories More
Genesco 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 Genesco'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 Genesco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.1896 | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 8.39 |
Genesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesco's standard deviation. In reality, there are many statistical measures that can use Genesco historical prices to predict the future Genesco's volatility.| Risk Adjusted Performance | 0.1694 | |||
| Jensen Alpha | 0.6299 | |||
| Total Risk Alpha | 0.5524 | |||
| Sortino Ratio | 0.2483 | |||
| Treynor Ratio | 0.3214 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Genesco'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.
Genesco Backtested Returns
Genesco appears to be very steady, given 3 months investment horizon. Genesco holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Genesco's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Genesco's Risk Adjusted Performance of 0.1694, market risk adjusted performance of 0.3314, and Downside Deviation of 2.7 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesco holds a performance score of 15. 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, Genesco will likely underperform. Please check Genesco's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Genesco's current trending patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Genesco has excellent reverse predictability. Overlapping area represents the amount of predictability between Genesco time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th of December 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 Genesco price movement. The serial correlation of -0.82 indicates that around 82.0% of current Genesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
Genesco lagged returns against current returns
Autocorrelation, which is Genesco 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 Genesco's stock expected returns. We can calculate the autocorrelation of Genesco returns to help us make a trade decision. For example, suppose you find that Genesco 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 |
Genesco 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 Genesco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesco stock over time.
Current vs Lagged Prices |
| Timeline |
Genesco Lagged Returns
When evaluating Genesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesco stock have on its future price. Genesco 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, Genesco autocorrelation shows the relationship between Genesco stock current value and its past values and can show if there is a momentum factor associated with investing in Genesco.
Regressed Prices |
| Timeline |
Pair Trading with Genesco
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 Genesco 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 Genesco will appreciate offsetting losses from the drop in the long position's value.Moving together with Genesco Stock
Moving against Genesco Stock
| 0.8 | DIBS | 1StdibsCom | PairCorr |
| 0.77 | EDUC | Educational Development | PairCorr |
| 0.69 | LE | Lands End | PairCorr |
| 0.68 | DLTH | Duluth Holdings | PairCorr |
| 0.6 | FL | Foot Locker | PairCorr |
The ability to find closely correlated positions to Genesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesco 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 Genesco - 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 Genesco to buy it.
The correlation of Genesco 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 Genesco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesco 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 Genesco 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.Check out Genesco Correlation, Genesco Volatility and Genesco Alpha and Beta module to complement your research on Genesco. To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Genesco 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.