Genesco Stock Market Value
| GCO Stock | USD 26.55 0.22 0.82% |
| Symbol | Genesco |
Genesco Price To Book Ratio
Is Genesco's industry 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 Genesco. If investors know Genesco 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 Genesco 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 (0.23) | Earnings Share (2.10) | Revenue Per Share 206.762 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0073 |
The market value of Genesco is measured differently than its book value, which is the value of Genesco that is recorded on the company's balance sheet. Investors also form their own opinion of Genesco's value that differs from its market value or its book value, called intrinsic value, which is Genesco'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 Genesco's market value can be influenced by many factors that don't directly affect Genesco'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 Genesco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genesco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genesco'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.
Genesco '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 Genesco'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 Genesco.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Genesco on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Genesco or generate 0.0% return on investment in Genesco over 30 days. Genesco is related to or competes with Citi Trends, Hibbett Sports, Buckle, Zumiez, Cato, Shoe Carnival, and Tillys. Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories More
Genesco 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 Genesco'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 Genesco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 5.36 |
Genesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesco's standard deviation. In reality, there are many statistical measures that can use Genesco historical prices to predict the future Genesco's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.011 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Genesco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Genesco Backtested Returns
Genesco holds Efficiency (Sharpe) Ratio of -0.0221, which attests that the entity had a -0.0221% return per unit of risk over the last 3 months. Genesco exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genesco's Market Risk Adjusted Performance of 0.021, downside deviation of 3.59, and Risk Adjusted Performance of 0.0166 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 3.11, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Genesco will likely underperform. Genesco has an expected return of -0.0738%. Please make sure to check out Genesco sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Genesco performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Genesco has insignificant reverse predictability. Overlapping area represents the amount of predictability between Genesco time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Genesco price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Genesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Genesco lagged returns against current returns
Autocorrelation, which is Genesco 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 Genesco's stock expected returns. We can calculate the autocorrelation of Genesco returns to help us make a trade decision. For example, suppose you find that Genesco 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 |
Genesco 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 Genesco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesco stock over time.
Current vs Lagged Prices |
| Timeline |
Genesco Lagged Returns
When evaluating Genesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesco stock have on its future price. Genesco 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, Genesco autocorrelation shows the relationship between Genesco stock current value and its past values and can show if there is a momentum factor associated with investing in Genesco.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Genesco in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Genesco's short interest history, or implied volatility extrapolated from Genesco options trading.
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Try AI Portfolio ArchitectCheck out Genesco Correlation, Genesco Volatility and Genesco Alpha and Beta module to complement your research on Genesco. To learn how to invest in Genesco Stock, please use our How to Invest in Genesco guide.Note that the Genesco information on this page should be used as a complementary analysis to other Genesco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Genesco Stock analysis
When running Genesco's price analysis, check to measure Genesco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genesco is operating at the current time. Most of Genesco's value examination focuses on studying past and present price action to predict the probability of Genesco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genesco's price. Additionally, you may evaluate how the addition of Genesco to your portfolios can decrease your overall portfolio volatility.
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Genesco 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.