Gogo Inc Stock Price on October 8, 2024
| GOGO Stock | USD 7.85 0.07 0.90% |
If you're considering investing in Gogo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gogo stands at 7.85, as last reported on the 11th of December 2024, with the highest price reaching 7.90 and the lowest price hitting 7.61 during the day. As of now, Gogo Stock is slightly risky. Gogo Inc holds Efficiency (Sharpe) Ratio of 0.0385, which attests that the entity had a 0.0385% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gogo Inc, which you can use to evaluate the volatility of the firm. Please check out Gogo's Market Risk Adjusted Performance of 0.1426, risk adjusted performance of 0.0364, and Downside Deviation of 3.44 to validate if the risk estimate we provide is consistent with the expected return of 0.19%.
Gogo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gogo |
Sharpe Ratio = 0.0385
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Estimated Market Risk
| 4.9 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Gogo is performing at about 3% of its full potential. 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 Gogo by adding it to a well-diversified portfolio.
Gogo Valuation on October 8, 2024
It is possible to determine the worth of Gogo on a given historical date. On October 8, 2024 Gogo was worth 6.3 at the beginning of the trading date compared to the closed value of 6.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gogo stock. Still, in general, we apply an absolute valuation method to find Gogo'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 Gogo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gogo's related companies.
| Open | High | Low | Close | Volume | |
| 6.30 | 6.37 | 6.20 | 6.35 | 780,455 | |
10/08/2024 | 6.30 | 6.58 | 6.30 | 6.42 | 1,110,841 |
| 6.44 | 6.68 | 6.44 | 6.51 | 934,181 |
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Gogo Trading Date Momentum on October 8, 2024
| On October 09 2024 Gogo Inc was traded for 6.51 at the closing time. The top price for the day was 6.68 and the lowest listed price was 6.44 . The trading volume for the day was 934.2 K. The trading history from October 9, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 1.40% . The overall trading delta against the current closing price is 14.33% . |
Gogo Inc Fundamentals Correlations and Trends
By evaluating Gogo'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 Gogo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gogo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gogo Stock history
Gogo 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 Gogo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gogo Inc 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 Gogo stock prices may prove useful in developing a viable investing in Gogo
Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado. Gogo operates under Telecom Services classification in the United States and is traded on NASDAQ Exchange. It employs 376 people.
Gogo Stock Technical Analysis
Gogo 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
Gogo Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Gogo December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Gogo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gogo shares will generate the highest return on investment. By undertsting and applying Gogo stock market strength indicators, traders can identify Gogo Inc entry and exit signals to maximize returns
Gogo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gogo's price direction in advance. Along with the technical and fundamental analysis of Gogo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gogo 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 | 0.0364 | |||
| Jensen Alpha | 0.0245 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | 0.1326 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gogo. If investors know Gogo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gogo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gogo's market value can be influenced by many factors that don't directly affect Gogo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.