Goodtech (Norway) Price on August 3, 2023
GOD Stock | NOK 9.18 0.18 2.00% |
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 stands at 9.18, as last reported on the 26th of November, with the highest price reaching 9.18 and the lowest price hitting 8.92 during the day. Goodtech holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Goodtech exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodtech's Market Risk Adjusted Performance of (1.23), standard deviation of 2.1, and Risk Adjusted Performance of (0.13) 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 = -0.1602
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Estimated Market Risk
2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goodtech 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 by adding Goodtech to a well-diversified portfolio.
Goodtech Valuation on August 3, 2023
It is possible to determine the worth of Goodtech on a given historical date. On August 3, 2023 Goodtech was worth 11.75 at the beginning of the trading date compared to the closed value of 11.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodtech stock. Still, in general, we apply an absolute valuation method to find Goodtech'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodtech's related companies.
Open | High | Low | Close | Volume | |
11.65 | 11.65 | 11.40 | 11.60 | 15,157 | |
08/03/2023 | 11.75 | 11.80 | 11.55 | 11.55 | 67,568 |
11.80 | 11.80 | 11.60 | 11.70 | 13,514 |
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Goodtech Trading Date Momentum on August 3, 2023
On August 04 2023 Goodtech was traded for 11.70 at the closing time. The maximum traded price for the trading interval was 11.80 and the lowest daily price was 11.60 . The daily volume was recorded at 13.5 K. The volume of trading on 4th of August 2023 played a part in the next trading day price upswing. The overall trading delta to the next closing price was 1.30% . The overall trading delta to the closing price today is 0.00% . |
Goodtech Fundamentals Correlations and Trends
By evaluating Goodtech'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'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 Stock history
Goodtech 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 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 stock prices may prove useful in developing a viable investing in Goodtech
It designs and supplies turnkey systems to convert and modernize existing systems, such as operator, process safety, industrial IT, and control systems and provides service and support in infrastructure, logistics, and gas and oil sectors, as well as for production, power, and heating distribution systems. Goodtech ASA was founded in 1913 and is headquartered in Oslo, Norway. GOODTECH ASA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange.
Goodtech Stock Technical Analysis
Goodtech 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 Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Goodtech cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock 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 November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Goodtech 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 shares will generate the highest return on investment. By undertsting and applying Goodtech stock market strength indicators, traders can identify Goodtech entry and exit signals to maximize returns
Goodtech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodtech'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 | (0.13) | |||
Jensen Alpha | (0.43) | |||
Total Risk Alpha | (0.72) | |||
Treynor Ratio | (1.24) |
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Other Information on Investing in Goodtech Stock
Goodtech financial ratios help investors to determine whether Goodtech 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 Goodtech with respect to the benefits of owning Goodtech security.