Genesco (Germany) Odds of Future Stock Price Finishing Over 32.7
| GN8 Stock | EUR 33.40 1.80 5.70% |
Genesco |
Genesco Target Price Odds to finish over 32.7
The tendency of Genesco Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above € 32.70 in 90 days |
| 33.40 | 90 days | 32.70 | near 1 |
Based on a normal probability distribution, the odds of Genesco to stay above € 32.70 in 90 days from now is near 1 (This Genesco probability density function shows the probability of Genesco Stock to fall within a particular range of prices over 90 days) . Probability of Genesco price to stay between € 32.70 and its current price of €33.4 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.11 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Genesco will likely underperform. Additionally Genesco has an alpha of 0.1773, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Genesco Price Density |
| Price |
Predictive Modules for Genesco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genesco. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Genesco Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Genesco is not an exception. The market had few large corrections towards the Genesco's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Genesco, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Genesco within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 2.11 | |
σ | Overall volatility | 2.77 | |
Ir | Information ratio | 0.07 |
Genesco Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Genesco for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Genesco can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Genesco had very high historical volatility over the last 90 days | |
| Over 88.0% of the company shares are owned by institutional investors |
Genesco Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Genesco Stock often depends not only on the future outlook of the current and potential Genesco's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Genesco's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14.6 M |
Genesco Technical Analysis
Genesco's future price can be derived by breaking down and analyzing its technical indicators over time. Genesco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Genesco. In general, you should focus on analyzing Genesco Stock price patterns and their correlations with different microeconomic environments and drivers.
Genesco Predictive Forecast Models
Genesco's time-series forecasting models is one of many Genesco's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Genesco's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Genesco
Checking the ongoing alerts about Genesco for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Genesco help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Genesco had very high historical volatility over the last 90 days | |
| Over 88.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Genesco Stock
When determining whether Genesco offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Genesco'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 Genesco Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Genesco Stock:Check out Genesco Backtesting, Genesco Valuation, Genesco Correlation, Genesco Hype Analysis, Genesco Volatility, Genesco History as well as Genesco Performance. For more detail on how to invest in Genesco Stock please use our How to Invest in Genesco guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.