Genco Shipping Stock Forecast - 8 Period Moving Average
| GNK Stock | USD 21.76 0.42 1.97% |
The 8 Period Moving Average forecasted value of Genco Shipping Trading on the next trading day is expected to be 21.43 with a mean absolute deviation of 0.48 and the sum of the absolute errors of 26.09. Genco Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Genco Shipping stock prices and determine the direction of Genco Shipping Trading's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Genco Shipping's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Genco Shipping's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Genco Shipping's systematic risk associated with finding meaningful patterns of Genco Shipping fundamentals over time.
Check out Historical Fundamental Analysis of Genco Shipping to cross-verify your projections. Genco |
Open Interest Against 2024-05-17 Genco Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Genco Shipping's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Genco Shipping's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Genco Shipping stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Genco Shipping's open interest, investors have to compare it to Genco Shipping's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Genco Shipping is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Genco. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Genco Shipping cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Genco Shipping's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Genco Shipping's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Genco Shipping is based on an artificially constructed time series of Genco Shipping daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Genco Shipping 8 Period Moving Average Price Forecast For the 3rd of May
Given 90 days horizon, the 8 Period Moving Average forecasted value of Genco Shipping Trading on the next trading day is expected to be 21.43 with a mean absolute deviation of 0.48, mean absolute percentage error of 0.41, and the sum of the absolute errors of 26.09.Please note that although there have been many attempts to predict Genco Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Genco Shipping's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Genco Shipping Stock Forecast Pattern
| Backtest Genco Shipping | Genco Shipping Price Prediction | Buy or Sell Advice |
Genco Shipping Forecasted Value
In the context of forecasting Genco Shipping's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Genco Shipping's downside and upside margins for the forecasting period are 19.65 and 23.20, respectively. We have considered Genco Shipping's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Genco Shipping stock data series using in forecasting. Note that when a statistical model is used to represent Genco Shipping stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 104.356 |
| Bias | Arithmetic mean of the errors | -0.3347 |
| MAD | Mean absolute deviation | 0.4831 |
| MAPE | Mean absolute percentage error | 0.0239 |
| SAE | Sum of the absolute errors | 26.0875 |
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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Genco Shipping'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.
Other Forecasting Options for Genco Shipping
For every potential investor in Genco, whether a beginner or expert, Genco Shipping's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Genco Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Genco. Basic forecasting techniques help filter out the noise by identifying Genco Shipping's price trends.Genco Shipping Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genco Shipping stock to make a market-neutral strategy. Peer analysis of Genco Shipping could also be used in its relative valuation, which is a method of valuing Genco Shipping by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Genco Shipping Trading Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Genco Shipping's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Genco Shipping's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Genco Shipping Market Strength Events
Market strength indicators help investors to evaluate how Genco Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Genco Shipping shares will generate the highest return on investment. By undertsting and applying Genco Shipping stock market strength indicators, traders can identify Genco Shipping Trading entry and exit signals to maximize returns.
| Accumulation Distribution | 17568.6 | |||
| Daily Balance Of Power | 0.6563 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 21.59 | |||
| Day Typical Price | 21.65 | |||
| Price Action Indicator | 0.38 | |||
| Period Momentum Indicator | 0.42 |
Genco Shipping Risk Indicators
The analysis of Genco Shipping's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Genco Shipping's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting genco stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.3 | |||
| Semi Deviation | 1.33 | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.1 | |||
| Downside Variance | 2.82 | |||
| Semi Variance | 1.77 | |||
| Expected Short fall | (1.37) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Genco Shipping 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, Genco Shipping's short interest history, or implied volatility extrapolated from Genco Shipping options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Genco Shipping to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Genco Stock analysis
When running Genco Shipping's price analysis, check to measure Genco Shipping'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 Genco Shipping is operating at the current time. Most of Genco Shipping's value examination focuses on studying past and present price action to predict the probability of Genco Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genco Shipping's price. Additionally, you may evaluate how the addition of Genco Shipping to your portfolios can decrease your overall portfolio volatility.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Is Genco Shipping'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 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 (0.83) | Dividend Share 0.86 | Earnings Share (0.30) | Revenue Per Share 8.975 | Quarterly Revenue Growth (0.09) |
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.