Goodyear Tire Financials
| GTR Stock | EUR 10.21 0.24 2.41% |
Goodyear |
Understanding current and past Goodyear Tire Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Goodyear Tire's financial statements are interrelated, with each one affecting the others. For example, an increase in Goodyear Tire's assets may result in an increase in income on the income statement.
Goodyear Tire Stock Summary
Goodyear Tire competes with SENECA FOODS-A, United Natural, National Storage, UNITED UTILITIES, and CAL-MAINE FOODS. The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was founded in 1898 and is headquartered in Akron, Ohio. GOODYEAR TIRE operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 64000 people.| Foreign Associate | USA |
| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | US3825501014 |
| Business Address | 200 Innovation Way, |
| Sector | Consumer Cyclical |
| Industry | Rubber & Plastics |
| Benchmark | Dow Jones Industrial |
| Website | www.goodyear.com |
| Phone | 330 796 2121 |
| Currency | EUR - Euro |
You should never invest in Goodyear Tire without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Goodyear Stock, because this is throwing your money away. Analyzing the key information contained in Goodyear Tire's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Goodyear Tire Key Financial Ratios
There are many critical financial ratios that Goodyear Tire's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Goodyear Tire reports annually and quarterly.| Return On Equity | 0.0393 | |||
| Return On Asset | 0.0258 | |||
| Target Price | 19.88 | |||
| Beta | 1.85 |
Goodyear Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Goodyear Tire's current stock value. Our valuation model uses many indicators to compare Goodyear Tire value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Goodyear Tire competition to find correlations between indicators driving Goodyear Tire's intrinsic value. More Info.The Goodyear Tire is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.66 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for The Goodyear Tire is roughly 1.52 . 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 Goodyear Tire's earnings, one of the primary drivers of an investment's value.Goodyear Tire Systematic Risk
Goodyear Tire's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Goodyear Tire 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Goodyear Tire correlated with the market. If Beta is less than 0 Goodyear Tire generally moves in the opposite direction as compared to the market. If Goodyear Tire Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Goodyear Tire is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Goodyear Tire is generally in the same direction as the market. If Beta > 1 Goodyear Tire moves generally in the same direction as, but more than the movement of the benchmark.
Goodyear Tire November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Goodyear Tire help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of The Goodyear Tire. We use our internally-developed statistical techniques to arrive at the intrinsic value of The Goodyear Tire based on widely used predictive technical indicators. In general, we focus on analyzing Goodyear Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Goodyear Tire's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 20.46 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 4.49 |
Complementary Tools for Goodyear Stock analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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