GOODTECH ASA Financials
| 6FO Stock | EUR 0.78 0.01 1.30% |
GOODTECH |
Understanding current and past GOODTECH ASA Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of GOODTECH ASA's financial statements are interrelated, with each one affecting the others. For example, an increase in GOODTECH ASA's assets may result in an increase in income on the income statement.
GOODTECH ASA Stock Summary
GOODTECH ASA competes with United Utilities, TFS FINANCIAL, UNITED UTILITIES, REVO INSURANCE, and QBE Insurance. Goodtech ASA operates as an automation, power, and industrial engineering company in Norway, Sweden, Finland, Europe, and internationally. Goodtech ASA was founded in 1913 and is headquartered in Oslo, Norway. GOODTECH ASA operates under Engineering Construction classification in Germany and is traded on Frankfurt Stock Exchange. It employs 283 people.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | NO0004913609 |
| Business Address | Innspurten 15 |
| Sector | Industrials |
| Industry | Engineering & Construction |
| Benchmark | Dow Jones Industrial |
| Website | www.goodtech.no |
| Phone | 47 81 56 86 00 |
| Currency | EUR - Euro |
You should never invest in GOODTECH ASA without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of GOODTECH Stock, because this is throwing your money away. Analyzing the key information contained in GOODTECH ASA's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
GOODTECH ASA Key Financial Ratios
There are many critical financial ratios that GOODTECH ASA's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that GOODTECH ASA A reports annually and quarterly.| Return On Equity | -0.0359 | |||
| Return On Asset | -0.0081 | |||
| Beta | 0.89 |
GOODTECH Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining GOODTECH ASA's current stock value. Our valuation model uses many indicators to compare GOODTECH ASA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across GOODTECH ASA competition to find correlations between indicators driving GOODTECH ASA's intrinsic value. More Info.GOODTECH ASA A is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the GOODTECH ASA's earnings, one of the primary drivers of an investment's value.GOODTECH ASA A Systematic Risk
GOODTECH ASA's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. GOODTECH ASA volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on GOODTECH ASA A correlated with the market. If Beta is less than 0 GOODTECH ASA generally moves in the opposite direction as compared to the market. If GOODTECH ASA Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one GOODTECH ASA A is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of GOODTECH ASA is generally in the same direction as the market. If Beta > 1 GOODTECH ASA moves generally in the same direction as, but more than the movement of the benchmark.
GOODTECH ASA December 2, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of GOODTECH ASA help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of GOODTECH ASA A. We use our internally-developed statistical techniques to arrive at the intrinsic value of GOODTECH ASA A based on widely used predictive technical indicators. In general, we focus on analyzing GOODTECH Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build GOODTECH ASA's daily price indicators and compare them against related drivers.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.56 |
Complementary Tools for GOODTECH Stock analysis
When running GOODTECH ASA's price analysis, check to measure GOODTECH ASA'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 GOODTECH ASA is operating at the current time. Most of GOODTECH ASA's value examination focuses on studying past and present price action to predict the probability of GOODTECH ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOODTECH ASA's price. Additionally, you may evaluate how the addition of GOODTECH ASA to your portfolios can decrease your overall portfolio volatility.
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