Genovis AB (Sweden) Market Value
| GENO Stock | SEK 26.25 0.20 0.76% |
| Symbol | Genovis |
Genovis AB '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 Genovis AB'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 Genovis AB.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Genovis AB on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Genovis AB or generate 0.0% return on investment in Genovis AB over 30 days. Genovis AB is related to or competes with Lundin Mining, High Coast, Media, Havsfrun Investment, NetJobs Group, Soder Sportfiske, and Invisio Communications. Genovis AB develops, produces, and sells tools for developing new medications and diagnostics for customers in the medic... More
Genovis AB 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 Genovis AB'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 Genovis AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.0041 | |||
| Maximum Drawdown | 34.73 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 6.29 |
Genovis AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genovis AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genovis AB's standard deviation. In reality, there are many statistical measures that can use Genovis AB historical prices to predict the future Genovis AB's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.1386 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | 2.28 |
Genovis AB Backtested Returns
Genovis AB appears to be not too volatile, given 3 months investment horizon. Genovis AB holds Efficiency (Sharpe) Ratio of 0.0518, which attests that the entity had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Genovis AB, which you can use to evaluate the volatility of the firm. Please utilize Genovis AB's Risk Adjusted Performance of 0.0337, downside deviation of 2.86, and Market Risk Adjusted Performance of 2.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genovis AB holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 0.0644, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Genovis AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genovis AB is expected to be smaller as well. Please check Genovis AB's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Genovis AB's current trending patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Genovis AB has good reverse predictability. Overlapping area represents the amount of predictability between Genovis AB time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Genovis AB price movement. The serial correlation of -0.52 indicates that about 52.0% of current Genovis AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Genovis AB lagged returns against current returns
Autocorrelation, which is Genovis AB 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 Genovis AB's stock expected returns. We can calculate the autocorrelation of Genovis AB returns to help us make a trade decision. For example, suppose you find that Genovis AB 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 |
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Genovis AB 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 Genovis AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genovis AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genovis AB stock over time.
Current vs Lagged Prices |
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Genovis AB Lagged Returns
When evaluating Genovis AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genovis AB stock have on its future price. Genovis AB 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, Genovis AB autocorrelation shows the relationship between Genovis AB stock current value and its past values and can show if there is a momentum factor associated with investing in Genovis AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Genovis Stock Analysis
When running Genovis AB's price analysis, check to measure Genovis AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genovis AB is operating at the current time. Most of Genovis AB's value examination focuses on studying past and present price action to predict the probability of Genovis AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genovis AB's price. Additionally, you may evaluate how the addition of Genovis AB to your portfolios can decrease your overall portfolio volatility.