Goodyear Lastikleri (Turkey) Probability of Future Stock Price Finishing Over 15.71
| GOODY Stock | TRY 15.58 0.52 3.23% |
Goodyear |
Goodyear Lastikleri Target Price Odds to finish over 15.71
The tendency of Goodyear Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 15.71 or more in 90 days |
| 15.58 | 90 days | 15.71 | about 42.4 |
Based on a normal probability distribution, the odds of Goodyear Lastikleri to move over 15.71 or more in 90 days from now is about 42.4 (This Goodyear Lastikleri TAS probability density function shows the probability of Goodyear Stock to fall within a particular range of prices over 90 days) . Probability of Goodyear Lastikleri TAS price to stay between its current price of 15.58 and 15.71 at the end of the 90-day period is about 7.06 .
Assuming the 90 days trading horizon Goodyear Lastikleri has a beta of 0.55. This usually indicates as returns on the market go up, Goodyear Lastikleri average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Goodyear Lastikleri TAS will be expected to be much smaller as well. Additionally Goodyear Lastikleri TAS has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Goodyear Lastikleri Price Density |
| Price |
Predictive Modules for Goodyear Lastikleri
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodyear Lastikleri TAS. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodyear Lastikleri'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.
Goodyear Lastikleri Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodyear Lastikleri is not an exception. The market had few large corrections towards the Goodyear Lastikleri's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Goodyear Lastikleri TAS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodyear Lastikleri within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 0.73 | |
Ir | Information ratio | -0.04 |
Goodyear Lastikleri Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Goodyear Lastikleri for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodyear Lastikleri TAS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodyear Lastikleri generated a negative expected return over the last 90 days | |
| About 74.0% of the company shares are held by company insiders |
Goodyear Lastikleri Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Goodyear Stock often depends not only on the future outlook of the current and potential Goodyear Lastikleri's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Goodyear Lastikleri's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 270 M |
Goodyear Lastikleri Technical Analysis
Goodyear Lastikleri's future price can be derived by breaking down and analyzing its technical indicators over time. Goodyear Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodyear Lastikleri TAS. In general, you should focus on analyzing Goodyear Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodyear Lastikleri Predictive Forecast Models
Goodyear Lastikleri's time-series forecasting models is one of many Goodyear Lastikleri's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Goodyear Lastikleri's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Goodyear Lastikleri TAS
Checking the ongoing alerts about Goodyear Lastikleri for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodyear Lastikleri TAS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodyear Lastikleri generated a negative expected return over the last 90 days | |
| About 74.0% of the company shares are held by company insiders |
Other Information on Investing in Goodyear Stock
Goodyear Lastikleri financial ratios help investors to determine whether Goodyear Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goodyear with respect to the benefits of owning Goodyear Lastikleri security.