Volatility Levels in Focus For Genesco Inc. (NYSE:GCO) — Beta Runs to 1.04

After looking for stocks with higher betas, we can see that Genesco Inc. (NYSE:GCO) has a current beta of 1.04. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 45.87. From the session open, shares have moved 0.61%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

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After a recent check, Genesco Inc. (NYSE:GCO) shares have been seen trading 6.58% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 1.31% off of that mark. Looking at the 200-day moving average, shares have been trading 9.41% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Genesco Inc. (NYSE:GCO). Stock price performance for the past week is currently noted at 2.48%. If we look back to the beginning of the calendar year, shares have performed 41.14%. Looking back over the past full-year, shares have performed 87.22%. Over the past month, the stock has performed 4.85%. Over the last quarter, the stock has performed 10.53%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 4.01% for the week, and 3.93% for the past month.

Investors are usually trying to figure out the best strategy to use when tackling the equity market. Because there is no one perfect method for picking winning stocks, investors may have to try various techniques before they get it right. There are many different factors that can affect the financial health of a company, and this makes it hard to concoct a formula that works well across the board. Studying all the data can help with investing decisions, but it is typically more important to be focusing on the right information. Knowing exactly what data should be studied may only come by logging many hours of research.

We are also noting that Genesco Inc. (NYSE:GCO) was recently seen trading -11.53% away from the 50-day high and 13.60% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -11.53%, and the distance from the 52-week low is currently 97.29%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $44.25. The consensus recommendation provided by covering sell-side analysts is currently 2.60. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Investors are generally searching for a stock market strategy that not only maximizes returns, but helps them build a portfolio that is set up to achieve long lasting success. New investors may find themselves overwhelmed by the day to day workings of the market. Understanding that markets are volatile and will sometimes be down for extended periods is just another part of the investing process. Having the proper stock portfolio diversification can be a big help when trying to combat volatile markets.