Gentex (Germany) Market Value
| GTX Stock | EUR 28.00 0.20 0.71% |
| Symbol | Gentex |
Gentex '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 Gentex'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 Gentex.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Gentex on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Gentex or generate 0.0% return on investment in Gentex over 390 days. Gentex is related to or competes with Dno ASA, DENSO P, Aptiv PLC, Bridgestone, PT Astra, Magna International, and LKQ. Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass,... More
Gentex 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 Gentex'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 Gentex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.24 |
Gentex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gentex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gentex's standard deviation. In reality, there are many statistical measures that can use Gentex historical prices to predict the future Gentex's volatility.| Risk Adjusted Performance | 0.0552 | |||
| Jensen Alpha | 0.0755 | |||
| Total Risk Alpha | 0.0436 | |||
| Sortino Ratio | 0.0445 | |||
| Treynor Ratio | 0.1884 |
Gentex Backtested Returns
At this point, Gentex is very steady. Gentex holds Efficiency (Sharpe) Ratio of 0.0638, which attests that the entity had a 0.0638% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gentex, which you can use to evaluate the volatility of the firm. Please check out Gentex's Downside Deviation of 1.42, market risk adjusted performance of 0.1984, and Risk Adjusted Performance of 0.0552 to validate if the risk estimate we provide is consistent with the expected return of 0.0956%. Gentex has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gentex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gentex is expected to be smaller as well. Gentex right now retains a risk of 1.5%. Please check out Gentex maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Gentex will be following its current trending patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Gentex has excellent reverse predictability. Overlapping area represents the amount of predictability between Gentex time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Gentex price movement. The serial correlation of -0.83 indicates that around 83.0% of current Gentex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 3.32 |
Gentex lagged returns against current returns
Autocorrelation, which is Gentex 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 Gentex's stock expected returns. We can calculate the autocorrelation of Gentex returns to help us make a trade decision. For example, suppose you find that Gentex 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 |
Gentex 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 Gentex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gentex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gentex stock over time.
Current vs Lagged Prices |
| Timeline |
Gentex Lagged Returns
When evaluating Gentex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gentex stock have on its future price. Gentex 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, Gentex autocorrelation shows the relationship between Gentex stock current value and its past values and can show if there is a momentum factor associated with investing in Gentex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Gentex Stock
When determining whether Gentex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gentex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gentex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gentex Stock:Check out Gentex Correlation, Gentex Volatility and Gentex Alpha and Beta module to complement your research on Gentex. For more detail on how to invest in Gentex Stock please use our How to Invest in Gentex guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Gentex 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.