Genco Shipping Trading Stock Probability of Future Stock Price Finishing Under 11.78
| GNK Stock | USD 14.69 0.33 2.20% |
Genco |
Genco Shipping Target Price Odds to finish below 11.78
The tendency of Genco 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 drop to $ 11.78 or more in 90 days |
| 14.69 | 90 days | 11.78 | near 1 |
Based on a normal probability distribution, the odds of Genco Shipping to drop to $ 11.78 or more in 90 days from now is near 1 (This Genco Shipping Trading probability density function shows the probability of Genco Stock to fall within a particular range of prices over 90 days) . Probability of Genco Shipping Trading price to stay between $ 11.78 and its current price of $14.69 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon Genco Shipping has a beta of 0.63. This usually indicates as returns on the market go up, Genco Shipping average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Genco Shipping Trading will be expected to be much smaller as well. Additionally Genco Shipping Trading has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Genco Shipping Price Density |
| Price |
Predictive Modules for Genco Shipping
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Genco Shipping Trading. 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.Genco Shipping Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Genco Shipping is not an exception. The market had few large corrections towards the Genco Shipping'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 Genco Shipping Trading, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Genco Shipping within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 1.13 | |
Ir | Information ratio | -0.15 |
Genco Shipping 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 Genco Shipping for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Genco Shipping Trading can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Genco Shipping generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 383.82 M. Reported Net Loss for the year was (12.87 M) with profit before taxes, overhead, and interest of 256.45 M. | |
| About 69.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Genco Shipping Trading Ltd Stock Price Down 3.94 percent on Dec 6 |
Genco Shipping 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 Genco Stock often depends not only on the future outlook of the current and potential Genco Shipping'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. Genco Shipping's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42.8 M | |
| Cash And Short Term Investments | 46.5 M |
Genco Shipping Technical Analysis
Genco Shipping's future price can be derived by breaking down and analyzing its technical indicators over time. Genco Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Genco Shipping Trading. In general, you should focus on analyzing Genco Stock price patterns and their correlations with different microeconomic environments and drivers.
Genco Shipping Predictive Forecast Models
Genco Shipping's time-series forecasting models is one of many Genco Shipping'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 Genco Shipping'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 Genco Shipping Trading
Checking the ongoing alerts about Genco Shipping for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Genco Shipping Trading help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Genco Shipping generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 383.82 M. Reported Net Loss for the year was (12.87 M) with profit before taxes, overhead, and interest of 256.45 M. | |
| About 69.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Genco Shipping Trading Ltd Stock Price Down 3.94 percent on Dec 6 |
Check out Genco Shipping Backtesting, Genco Shipping Valuation, Genco Shipping Correlation, Genco Shipping Hype Analysis, Genco Shipping Volatility, Genco Shipping History as well as Genco Shipping Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genco Shipping. If investors know Genco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genco Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1 | Dividend Share 1.57 | Earnings Share 1.58 | Revenue Per Share 10.221 | Quarterly Revenue Growth 0.192 |
The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.