GOODTECH ASA (Germany) Price on February 28, 2024
6FO Stock | EUR 0.78 0.01 1.30% |
If you're considering investing in GOODTECH Stock, it is important to understand the factors that can impact its price. As of today, the current price of GOODTECH ASA stands at 0.78, as last reported on the 4th of December, with the highest price reaching 0.78 and the lowest price hitting 0.78 during the day. GOODTECH ASA A holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of volatility over the last 3 months. GOODTECH ASA A exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GOODTECH ASA's risk adjusted performance of (0.11), and Market Risk Adjusted Performance of (0.77) to validate the risk estimate we provide.
GOODTECH Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
GOODTECH |
Sharpe Ratio = -0.152
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Estimated Market Risk
1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
-0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GOODTECH ASA is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of GOODTECH ASA by adding GOODTECH ASA to a well-diversified portfolio.
GOODTECH ASA Valuation on February 28, 2024
It is possible to determine the worth of GOODTECH ASA on a given historical date. On February 28, 2024 GOODTECH was worth 1.02 at the beginning of the trading date compared to the closed value of 1.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of GOODTECH ASA stock. Still, in general, we apply an absolute valuation method to find GOODTECH ASA's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of GOODTECH ASA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against GOODTECH ASA's related companies.
Open | High | Low | Close | Volume | |
1.06 | 1.06 | 1.06 | 1.06 | 500.00 | |
02/28/2024 | 1.02 | 1.02 | 1.02 | 1.02 | 500.00 |
1.00 | 1.00 | 1.00 | 1.00 | 200.00 |
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GOODTECH ASA Trading Date Momentum on February 28, 2024
On February 29 2024 GOODTECH ASA A was traded for 1.00 at the closing time. The highest daily price throughout the period was 1.00 and the lowest price was 1.00 . The daily volume was 200. The net trading volume on 02/29/2024 added to the next day price reduction. The daily price change to closing price of the next trading day was 1.96% . The overall trading delta to current closing price is 0.98% . |
GOODTECH ASA A Fundamentals Correlations and Trends
By evaluating GOODTECH ASA's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among GOODTECH ASA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. GOODTECH financial account trend analysis is a perfect complement when working with valuation or volatility modules.About GOODTECH ASA Stock history
GOODTECH ASA investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for GOODTECH is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in GOODTECH ASA A will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing GOODTECH ASA stock prices may prove useful in developing a viable investing in GOODTECH ASA
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.
GOODTECH ASA Stock Technical Analysis
GOODTECH ASA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
GOODTECH ASA Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
GOODTECH ASA A cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
GOODTECH ASA December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how GOODTECH ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading GOODTECH ASA shares will generate the highest return on investment. By undertsting and applying GOODTECH ASA stock market strength indicators, traders can identify GOODTECH ASA A entry and exit signals to maximize returns
GOODTECH ASA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for GOODTECH ASA's price direction in advance. Along with the technical and fundamental analysis of GOODTECH Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of GOODTECH to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.11) | |||
Jensen Alpha | (0.36) | |||
Total Risk Alpha | (0.59) | |||
Treynor Ratio | (0.78) |
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Volume Indicators |
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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