Gentex Stock Market Value
| GNTX Stock | USD 35.16 0.27 0.77% |
| Symbol | Gentex |
Gentex Price To Book Ratio
Is Gentex'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 Gentex. If investors know Gentex 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 Gentex 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 0.122 | Dividend Share 0.48 | Earnings Share 1.89 | Revenue Per Share 10.224 | Quarterly Revenue Growth 0.072 |
The market value of Gentex is measured differently than its book value, which is the value of Gentex that is recorded on the company's balance sheet. Investors also form their own opinion of Gentex's value that differs from its market value or its book value, called intrinsic value, which is Gentex'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 Gentex's market value can be influenced by many factors that don't directly affect Gentex'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 Gentex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gentex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gentex'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.
Gentex '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 Gentex'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 Gentex.
| 05/24/2022 |
| 05/13/2024 |
If you would invest 0.00 in Gentex on May 24, 2022 and sell it all today you would earn a total of 0.00 from holding Gentex or generate 0.0% return on investment in Gentex over 720 days. Gentex is related to or competes with Allison Transmission, LKQ, and Fox Factory. Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass,... More
Gentex 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 Gentex'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 Gentex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.2 |
Gentex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gentex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gentex's standard deviation. In reality, there are many statistical measures that can use Gentex historical prices to predict the future Gentex's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0277 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gentex'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.
Gentex Backtested Returns
We consider Gentex very steady. Gentex holds Efficiency (Sharpe) Ratio of 0.0312, which attests that the entity had a 0.0312% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gentex, which you can use to evaluate the volatility of the firm. Please check out Gentex's Risk Adjusted Performance of 0.0277, downside deviation of 1.07, and Market Risk Adjusted Performance of 0.0377 to validate if the risk estimate we provide is consistent with the expected return of 0.0269%. Gentex has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. Gentex returns are very sensitive to returns on the market. As the market goes up or down, Gentex is expected to follow. Gentex right now retains a risk of 0.86%. Please check out Gentex maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Gentex will be following its current trending patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
Gentex has very weak reverse predictability. Overlapping area represents the amount of predictability between Gentex time series from 24th of May 2022 to 19th of May 2023 and 19th of May 2023 to 13th of May 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 Gentex price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Gentex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 7.19 |
Gentex lagged returns against current returns
Autocorrelation, which is Gentex 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 Gentex's stock expected returns. We can calculate the autocorrelation of Gentex returns to help us make a trade decision. For example, suppose you find that Gentex 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 |
Gentex 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 Gentex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gentex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gentex stock over time.
Current vs Lagged Prices |
| Timeline |
Gentex Lagged Returns
When evaluating Gentex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gentex stock have on its future price. Gentex 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, Gentex autocorrelation shows the relationship between Gentex stock current value and its past values and can show if there is a momentum factor associated with investing in Gentex.
Regressed Prices |
| Timeline |
Gentex Investors Sentiment
The influence of Gentex's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Gentex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Gentex's public news can be used to forecast risks associated with an investment in Gentex. The trend in average sentiment can be used to explain how an investor holding Gentex can time the market purely based on public headlines and social activities around Gentex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Gentex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Gentex's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Gentex's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Gentex.
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 Gentex 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, Gentex's short interest history, or implied volatility extrapolated from Gentex options trading.
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When running Gentex's price analysis, check to measure Gentex'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 Gentex is operating at the current time. Most of Gentex's value examination focuses on studying past and present price action to predict the probability of Gentex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gentex's price. Additionally, you may evaluate how the addition of Gentex to your portfolios can decrease your overall portfolio volatility.
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