Genco Shipping (Germany) Market Value
| GNU1 Stock | EUR 12.97 0.29 2.29% |
| Symbol | Genco |
Genco Shipping '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 Genco Shipping'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 Genco Shipping.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Genco Shipping on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Genco Shipping Trading or generate 0.0% return on investment in Genco Shipping over 90 days. Genco Shipping is related to or competes with SENECA FOODS-A, EBRO FOODS, MONEYSUPERMARKET, GRENKELEASING, Air Lease, ALBIS LEASING, and Maple Leaf. Genco Shipping Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes ... More
Genco Shipping 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 Genco Shipping'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 Genco Shipping Trading upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 3.0E-4 | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 4.08 |
Genco Shipping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genco Shipping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genco Shipping's standard deviation. In reality, there are many statistical measures that can use Genco Shipping historical prices to predict the future Genco Shipping's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.1845 | |||
| Treynor Ratio | 0.276 |
Genco Shipping Trading Backtested Returns
Genco Shipping Trading holds Efficiency (Sharpe) Ratio of -0.0148, which attests that the entity had a -0.0148 % return per unit of risk over the last 3 months. Genco Shipping Trading exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genco Shipping's Market Risk Adjusted Performance of 0.286, risk adjusted performance of (0.03), and Standard Deviation of 2.34 to validate the risk estimate we provide. 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, returns on owning Genco Shipping are expected to decrease at a much lower rate. During the bear market, Genco Shipping is likely to outperform the market. At this point, Genco Shipping Trading has a negative expected return of -0.0347%. Please make sure to check out Genco Shipping's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Genco Shipping Trading performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Genco Shipping Trading has very weak reverse predictability. Overlapping area represents the amount of predictability between Genco Shipping time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Genco Shipping Trading price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Genco Shipping price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Genco Shipping Trading lagged returns against current returns
Autocorrelation, which is Genco Shipping 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 Genco Shipping's stock expected returns. We can calculate the autocorrelation of Genco Shipping returns to help us make a trade decision. For example, suppose you find that Genco Shipping 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 |
Genco Shipping 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 Genco Shipping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genco Shipping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genco Shipping stock over time.
Current vs Lagged Prices |
| Timeline |
Genco Shipping Lagged Returns
When evaluating Genco Shipping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genco Shipping stock have on its future price. Genco Shipping 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, Genco Shipping autocorrelation shows the relationship between Genco Shipping stock current value and its past values and can show if there is a momentum factor associated with investing in Genco Shipping Trading.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Genco Stock
When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:Check out Genco Shipping Correlation, Genco Shipping Volatility and Genco Shipping Alpha and Beta module to complement your research on Genco Shipping. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Genco Shipping 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.