Genuine Parts (Germany) Market Value
| GPT Stock | EUR 113.30 2.20 1.98% |
| Symbol | Genuine |
Genuine Parts '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 Genuine Parts' 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 Genuine Parts.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Genuine Parts on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Genuine Parts or generate 0.0% return on investment in Genuine Parts over 90 days. Genuine Parts is related to or competes with SWISS WATER, Axfood AB, United Utilities, AUSNUTRIA DAIRY, Sligro Food, and Nomad Foods. Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North... More
Genuine Parts 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 Genuine Parts' 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 Genuine Parts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0495 | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.11 |
Genuine Parts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genuine Parts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genuine Parts' standard deviation. In reality, there are many statistical measures that can use Genuine Parts historical prices to predict the future Genuine Parts' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.1626 | |||
| Treynor Ratio | 0.4393 |
Genuine Parts Backtested Returns
At this point, Genuine Parts is very steady. Genuine Parts holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Genuine Parts, which you can use to evaluate the volatility of the firm. Please check out Genuine Parts' Risk Adjusted Performance of (0.03), standard deviation of 1.4, and Market Risk Adjusted Performance of 0.4493 to validate if the risk estimate we provide is consistent with the expected return of 0.0013%. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Genuine Parts are expected to decrease at a much lower rate. During the bear market, Genuine Parts is likely to outperform the market. Genuine Parts right now retains a risk of 1.43%. Please check out Genuine Parts skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if Genuine Parts will be following its current trending patterns.
Auto-correlation | 0.33 |
Below average predictability
Genuine Parts has below average predictability. Overlapping area represents the amount of predictability between Genuine Parts time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Genuine Parts price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Genuine Parts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 5.55 |
Genuine Parts lagged returns against current returns
Autocorrelation, which is Genuine Parts 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 Genuine Parts' stock expected returns. We can calculate the autocorrelation of Genuine Parts returns to help us make a trade decision. For example, suppose you find that Genuine Parts 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 |
Genuine Parts 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 Genuine Parts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genuine Parts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genuine Parts stock over time.
Current vs Lagged Prices |
| Timeline |
Genuine Parts Lagged Returns
When evaluating Genuine Parts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genuine Parts stock have on its future price. Genuine Parts 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, Genuine Parts autocorrelation shows the relationship between Genuine Parts stock current value and its past values and can show if there is a momentum factor associated with investing in Genuine Parts.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Genuine Stock
Genuine Parts financial ratios help investors to determine whether Genuine Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Genuine with respect to the benefits of owning Genuine Parts security.