Goobit Group (Sweden) Price on December 14, 2023
| BTCX Stock | SEK 0.14 0.01 6.67% |
If you're considering investing in Goobit Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goobit Group stands at 0.14, as last reported on the 30th of November, with the highest price reaching 0.15 and the lowest price hitting 0.14 during the day. Currently, Goobit Group AB is out of control. Goobit Group AB holds Efficiency (Sharpe) Ratio of 0.0073, which attests that the entity had a 0.0073% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Goobit Group AB, which you can use to evaluate the volatility of the firm. Please check out Goobit Group's Market Risk Adjusted Performance of 0.5136, risk adjusted performance of 9.0E-4, and Standard Deviation of 5.49 to validate if the risk estimate we provide is consistent with the expected return of 0.0396%.
Goobit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goobit |
Sharpe Ratio = 0.0073
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BTCX |
Estimated Market Risk
| 5.44 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goobit Group 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 Goobit Group by adding Goobit Group to a well-diversified portfolio.
Goobit Group Valuation on December 14, 2023
It is possible to determine the worth of Goobit Group on a given historical date. On December 14, 2023 Goobit was worth 0.17 at the beginning of the trading date compared to the closed value of 0.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goobit Group stock. Still, in general, we apply an absolute valuation method to find Goobit Group'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 Goobit Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goobit Group's related companies.
| Open | High | Low | Close | Volume | |
| 0.15 | 0.15 | 0.15 | 0.15 | 348,511 | |
12/14/2023 | 0.17 | 0.17 | 0.17 | 0.17 | 948,621 |
| 0.16 | 0.16 | 0.16 | 0.16 | 764,900 |
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Goobit Group Trading Date Momentum on December 14, 2023
| On December 15 2023 Goobit Group AB was traded for 0.16 at the closing time. The highest price during the trading period was 0.16 and the lowest recorded bid was listed for 0.16 . The volume for the day was 764.9 K. This history from December 15, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 5.88% . The overall trading delta to the current price is 0.00% . |
Goobit Group AB Fundamentals Correlations and Trends
By evaluating Goobit Group'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 Goobit Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goobit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goobit Group Stock history
Goobit Group 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 Goobit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goobit Group AB 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 Goobit Group stock prices may prove useful in developing a viable investing in Goobit Group
Goobit Group Stock Technical Analysis
Goobit Group 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
Goobit Group Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Goobit Group AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm 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.
Goobit Group November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Goobit Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goobit Group shares will generate the highest return on investment. By undertsting and applying Goobit Group stock market strength indicators, traders can identify Goobit Group AB entry and exit signals to maximize returns
Goobit Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goobit Group's price direction in advance. Along with the technical and fundamental analysis of Goobit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goobit 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 | 9.0E-4 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | 0.5036 |
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Additional Tools for Goobit Stock Analysis
When running Goobit Group's price analysis, check to measure Goobit Group'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 Goobit Group is operating at the current time. Most of Goobit Group's value examination focuses on studying past and present price action to predict the probability of Goobit Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goobit Group's price. Additionally, you may evaluate how the addition of Goobit Group to your portfolios can decrease your overall portfolio volatility.