Genovis AB (Sweden) Market Value
| GENO Stock | SEK 21.95 0.15 0.69% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Genovis AB on December 17, 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 90 days. Genovis AB is related to or competes with Lundin Mining, Media, USWE Sports, Vitec Software, Axfood AB, and Catena Media. 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.
| Information Ratio | 0.0114 | |||
| Maximum Drawdown | 38.55 | |||
| Value At Risk | (5.42) | |||
| Potential Upside | 6.16 |
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) | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | 0.5071 | |||
| Treynor Ratio | (0.04) |
Genovis AB Backtested Returns
Genovis AB holds Efficiency (Sharpe) Ratio of -0.0167, which attests that the entity had a -0.0167 % return per unit of risk over the last 3 months. Genovis AB exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genovis AB's insignificant Risk Adjusted Performance, market risk adjusted performance of (0.03), and Standard Deviation of 4.51 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.3, 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, Genovis AB will likely underperform. At this point, Genovis AB has a negative expected return of -0.0788%. Please make sure to check out Genovis AB's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Genovis AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Genovis AB has good reverse predictability. Overlapping area represents the amount of predictability between Genovis AB time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 -0.55 indicates that about 55.0% of current Genovis AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5.03 |
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 |
| Timeline |
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 |
| Timeline |
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 |
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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.