Genuine Parts Co Stock Market Value
| GPC Stock | USD 163.09 0.70 0.43% |
| Symbol | Genuine |
Genuine Parts Price To Book Ratio
Is Genuine Parts' 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 Genuine Parts. If investors know Genuine 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 Genuine Parts 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 (0.17) | Dividend Share 3.85 | Earnings Share 8.96 | Revenue Per Share 165.038 | Quarterly Revenue Growth 0.003 |
The market value of Genuine Parts is measured differently than its book value, which is the value of Genuine that is recorded on the company's balance sheet. Investors also form their own opinion of Genuine Parts' value that differs from its market value or its book value, called intrinsic value, which is Genuine Parts' 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 Genuine Parts' market value can be influenced by many factors that don't directly affect Genuine Parts' 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 Genuine Parts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Genuine Parts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genuine Parts' 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.
Genuine Parts '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 Genuine Parts' 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 Genuine Parts.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Genuine Parts on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Genuine Parts Co or generate 0.0% return on investment in Genuine Parts over 270 days. Genuine Parts is related to or competes with Mattel, JAKKS Pacific, Life Time, Escalade Incorporated, American Outdoor, OneSpaWorld Holdings, and Six Flags. Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials More
Genuine Parts 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 Genuine Parts' 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 Genuine Parts Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.1096 | |||
| Maximum Drawdown | 4.68 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.74 |
Genuine Parts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genuine Parts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genuine Parts' standard deviation. In reality, there are many statistical measures that can use Genuine Parts historical prices to predict the future Genuine Parts' volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.1839 | |||
| Total Risk Alpha | 0.0525 | |||
| Sortino Ratio | 0.1796 | |||
| Treynor Ratio | 0.2561 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Genuine Parts' 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.
Genuine Parts Backtested Returns
Genuine Parts appears to be very steady, given 3 months investment horizon. Genuine Parts holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Genuine Parts, which you can use to evaluate the volatility of the firm. Please utilize Genuine Parts' Market Risk Adjusted Performance of 0.2661, downside deviation of 1.03, and Risk Adjusted Performance of 0.1044 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genuine Parts holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Genuine Parts returns are very sensitive to returns on the market. As the market goes up or down, Genuine Parts is expected to follow. Please check Genuine Parts' downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Genuine Parts' current trending patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Genuine Parts Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Genuine Parts time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Genuine Parts price movement. The serial correlation of -0.82 indicates that around 82.0% of current Genuine Parts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 50.24 |
Genuine Parts lagged returns against current returns
Autocorrelation, which is Genuine Parts 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 Genuine Parts' stock expected returns. We can calculate the autocorrelation of Genuine Parts returns to help us make a trade decision. For example, suppose you find that Genuine Parts 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 |
Genuine Parts 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 Genuine Parts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genuine Parts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genuine Parts stock over time.
Current vs Lagged Prices |
| Timeline |
Genuine Parts Lagged Returns
When evaluating Genuine Parts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genuine Parts stock have on its future price. Genuine Parts 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, Genuine Parts autocorrelation shows the relationship between Genuine Parts stock current value and its past values and can show if there is a momentum factor associated with investing in Genuine Parts Co.
Regressed Prices |
| Timeline |
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When running Genuine Parts' price analysis, check to measure Genuine Parts' 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 Genuine Parts is operating at the current time. Most of Genuine Parts' value examination focuses on studying past and present price action to predict the probability of Genuine Parts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genuine Parts' price. Additionally, you may evaluate how the addition of Genuine Parts to your portfolios can decrease your overall portfolio volatility.
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Genuine Parts 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.