Genesis Resources (Australia) Market Value
| GES Stock | 0.01 0 40.00% |
| Symbol | Genesis |
Genesis Resources '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 Genesis Resources' 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 Genesis Resources.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Genesis Resources on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Genesis Resources or generate 0.0% return on investment in Genesis Resources over 30 days. Genesis Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, De Grey, Aneka Tambang, Sandfire Resources, and Perseus Mining. Genesis Resources is entity of Australia More
Genesis Resources 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 Genesis Resources' 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 Genesis Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 36.67 | |||
| Potential Upside | 16.67 |
Genesis Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesis Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesis Resources' standard deviation. In reality, there are many statistical measures that can use Genesis Resources historical prices to predict the future Genesis Resources' volatility.| Risk Adjusted Performance | 0.092 | |||
| Jensen Alpha | 0.726 | |||
| Total Risk Alpha | 0.5716 | |||
| Treynor Ratio | 1.86 |
Genesis Resources Backtested Returns
Genesis Resources appears to be out of control, given 3 months investment horizon. Genesis Resources holds Efficiency (Sharpe) Ratio of 0.0665, which attests that the entity had a 0.0665% return per unit of risk over the last 3 months. We have found twenty technical indicators for Genesis Resources, which you can use to evaluate the volatility of the firm. Please utilize Genesis Resources' Standard Deviation of 7.23, risk adjusted performance of 0.092, and Market Risk Adjusted Performance of 1.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesis Resources holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genesis Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Genesis Resources is expected to be smaller as well. Please check Genesis Resources' total risk alpha, skewness, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Genesis Resources' current trending patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Genesis Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Genesis Resources time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Genesis Resources price movement. The serial correlation of -0.76 indicates that around 76.0% of current Genesis Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Genesis Resources lagged returns against current returns
Autocorrelation, which is Genesis Resources 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 Genesis Resources' stock expected returns. We can calculate the autocorrelation of Genesis Resources returns to help us make a trade decision. For example, suppose you find that Genesis Resources 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 |
Genesis Resources 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 Genesis Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesis Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesis Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Genesis Resources Lagged Returns
When evaluating Genesis Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesis Resources stock have on its future price. Genesis Resources 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, Genesis Resources autocorrelation shows the relationship between Genesis Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Genesis Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Genesis Stock Analysis
When running Genesis Resources' price analysis, check to measure Genesis Resources' 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 Genesis Resources is operating at the current time. Most of Genesis Resources' value examination focuses on studying past and present price action to predict the probability of Genesis Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genesis Resources' price. Additionally, you may evaluate how the addition of Genesis Resources to your portfolios can decrease your overall portfolio volatility.