Geox Spa Adr Stock Market Value
| GXSBY Stock | USD 0.65 0.00 0.00% |
| Symbol | Geox |
Geox SpA '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 Geox SpA's pink sheet 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 Geox SpA.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Geox SpA on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Geox SpA ADR or generate 0.0% return on investment in Geox SpA over 720 days. Geox SpA is related to or competes with Nike, Deckers Outdoor, On Holding, Birkenstock Holding, Skechers USA, and Crocs. Geox S.p.A. designs, manufactures, promotes, and distributes footwear and apparel for retailers and end consumers in Europe, North America, and internationally. More
Geox SpA 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 Geox SpA's pink sheet 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 Geox SpA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 23.53 |
Geox SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Geox SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Geox SpA's standard deviation. In reality, there are many statistical measures that can use Geox SpA historical prices to predict the future Geox SpA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4222 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Geox SpA'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.
Geox SpA ADR Backtested Returns
Geox SpA ADR holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Geox SpA ADR exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Geox SpA's Risk Adjusted Performance of (0.07), market risk adjusted performance of 0.4322, and Standard Deviation of 2.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Geox SpA are expected to decrease slowly. On the other hand, during market turmoil, Geox SpA is expected to outperform it slightly. Geox SpA ADR has an expected return of -0.37%. Please make sure to check out Geox SpA information ratio and day median price , to decide if Geox SpA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Geox SpA ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between Geox SpA time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Geox SpA ADR price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Geox SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Geox SpA ADR lagged returns against current returns
Autocorrelation, which is Geox SpA pink sheet'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 Geox SpA's pink sheet expected returns. We can calculate the autocorrelation of Geox SpA returns to help us make a trade decision. For example, suppose you find that Geox SpA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Geox SpA 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 Geox SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Geox SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Geox SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Geox SpA Lagged Returns
When evaluating Geox SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Geox SpA pink sheet have on its future price. Geox SpA 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, Geox SpA autocorrelation shows the relationship between Geox SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Geox SpA ADR.
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 Geox SpA 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, Geox SpA's short interest history, or implied volatility extrapolated from Geox SpA options trading.
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Try AI Portfolio ArchitectCheck out Geox SpA Correlation, Geox SpA Volatility and Geox SpA Alpha and Beta module to complement your research on Geox SpA. Note that the Geox SpA ADR information on this page should be used as a complementary analysis to other Geox SpA'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Geox Pink Sheet analysis
When running Geox SpA's price analysis, check to measure Geox SpA'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 Geox SpA is operating at the current time. Most of Geox SpA's value examination focuses on studying past and present price action to predict the probability of Geox SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Geox SpA's price. Additionally, you may evaluate how the addition of Geox SpA to your portfolios can decrease your overall portfolio volatility.
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Geox SpA technical pink sheet 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, pink sheet market cycles, or different charting patterns.