Goodyear Tire (Germany) Price on March 8, 2024
| GTR Stock | EUR 10.16 0.05 0.49% |
If you're considering investing in Goodyear Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goodyear Tire stands at 10.16, as last reported on the 3rd of December, with the highest price reaching 10.16 and the lowest price hitting 10.16 during the day. Goodyear Tire appears to be somewhat reliable, given 3 months investment horizon. Goodyear Tire holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Goodyear Tire's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Goodyear Tire's Market Risk Adjusted Performance of 0.2707, risk adjusted performance of 0.1099, and Downside Deviation of 2.49 to validate if our risk estimates are consistent with your expectations.
Goodyear Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goodyear |
Sharpe Ratio = 0.1659
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GTR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.12 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.52 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Goodyear Tire is performing at about 13% 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 Goodyear Tire by adding it to a well-diversified portfolio.
Goodyear Tire Valuation on March 8, 2024
It is possible to determine the worth of Goodyear Tire on a given historical date. On March 8, 2024 Goodyear was worth 11.2 at the beginning of the trading date compared to the closed value of 11.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodyear Tire stock. Still, in general, we apply an absolute valuation method to find Goodyear Tire'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 Goodyear Tire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodyear Tire's related companies.
| Open | High | Low | Close | Volume | |
| 10.94 | 11.42 | 10.94 | 11.42 | 500.00 | |
03/08/2024 | 11.20 | 11.20 | 11.20 | 11.20 | 500.00 |
| 11.07 | 11.07 | 11.07 | 11.07 | 500.00 |
| Backtest Goodyear Tire | | | Goodyear Tire History | | | Goodyear Tire Valuation | Previous | Next |
Goodyear Tire Trading Date Momentum on March 8, 2024
| On March 11 2024 The Goodyear Tire was traded for 11.07 at the closing time. The highest daily price throughout the period was 11.07 and the lowest price was 11.07 . The daily volume was 500. The net trading volume on 03/11/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.16% . The trading price change to current closing price is 1.88% . |
Goodyear Tire Fundamentals Correlations and Trends
By evaluating Goodyear Tire'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 Goodyear Tire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodyear financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goodyear Tire Stock history
Goodyear Tire 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 Goodyear is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodyear Tire 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 Goodyear Tire stock prices may prove useful in developing a viable investing in Goodyear Tire
The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was founded in 1898 and is headquartered in Akron, Ohio. GOODYEAR TIRE operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 64000 people.
Goodyear Tire Stock Technical Analysis
Goodyear Tire 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
Goodyear Tire Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
The Goodyear Tire 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.
Goodyear Tire December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodyear Tire shares will generate the highest return on investment. By undertsting and applying Goodyear Tire stock market strength indicators, traders can identify The Goodyear Tire entry and exit signals to maximize returns
Goodyear Tire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodyear Tire's price direction in advance. Along with the technical and fundamental analysis of Goodyear Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodyear 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 | 0.1099 | |||
| Jensen Alpha | 0.2378 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1244 | |||
| Treynor Ratio | 0.2607 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Goodyear Stock analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |