Goobit Group (Sweden) Performance
| BTCX Stock | SEK 0.15 0.01 7.14% |
Goobit Group has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goobit Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goobit Group is expected to be smaller as well. Goobit Group AB right now retains a risk of 5.53%. Please check out Goobit Group total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Goobit Group will be following its current trending patterns.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Goobit Group AB are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Goobit Group may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
| Begin Period Cash Flow | 36.6 M | |
| Total Cashflows From Investing Activities | -8.1 M |
Goobit |
Goobit Group Relative Risk vs. Return Landscape
If you would invest 15.00 in Goobit Group AB on August 29, 2024 and sell it today you would earn a total of 0.00 from holding Goobit Group AB or generate 0.0% return on investment over 90 days. Goobit Group AB is generating 0.1492% of daily returns and assumes 5.5328% volatility on return distribution over the 90 days horizon. Simply put, 49% of stocks are less volatile than Goobit, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Goobit Group Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goobit Group's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Goobit Group AB, and traders can use it to determine the average amount a Goobit Group's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.027
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| Cash | Small Risk | Average Risk | BTCX | Huge Risk |
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Estimated Market Risk
| 5.53 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Goobit Group is performing at about 2% 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 Goobit Group by adding it to a well-diversified portfolio.
Goobit Group Fundamentals Growth
Goobit Stock prices reflect investors' perceptions of the future prospects and financial health of Goobit Group, and Goobit Group fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Goobit Stock performance.
| Return On Equity | -0.46 | |||
| Return On Asset | -0.2 | |||
| Profit Margin | (0.12) % | |||
| Operating Margin | (0.12) % | |||
| Current Valuation | 17.39 M | |||
| Shares Outstanding | 137.54 M | |||
| Price To Book | 1.45 X | |||
| Price To Sales | 0.16 X | |||
| Revenue | 352.85 M | |||
| EBITDA | (10.41 M) | |||
| Book Value Per Share | 0.19 X | |||
| Cash Flow From Operations | (11.89 M) | |||
| Earnings Per Share | (0.05) X | |||
| Total Asset | 47.31 M | |||
About Goobit Group Performance
Assessing Goobit Group's fundamental ratios provides investors with valuable insights into Goobit Group's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Goobit Group is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Goobit Group AB provides cryptocurrency exchange services in Sweden. The company was founded in 2012 and is based in Stockholm, Sweden. Goobit Group is traded on Stockholm Stock Exchange in Sweden.Things to note about Goobit Group AB performance evaluation
Checking the ongoing alerts about Goobit Group for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Goobit Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Goobit Group AB had very high historical volatility over the last 90 days | |
| Goobit Group AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 352.85 M. Net Loss for the year was (17.48 M) with profit before overhead, payroll, taxes, and interest of 11.62 M. | |
| Goobit Group generates negative cash flow from operations | |
| About 69.0% of the company shares are held by company insiders |
- Analyzing Goobit Group's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Goobit Group's stock is overvalued or undervalued compared to its peers.
- Examining Goobit Group's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Goobit Group's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Goobit Group's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Goobit Group's stock. These opinions can provide insight into Goobit Group's potential for growth and whether the stock is currently undervalued or overvalued.
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.