Goodfellow Stock Market Value
| GFELF Stock | USD 9.08 0.00 0.00% |
| Symbol | Goodfellow |
Goodfellow 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Goodfellow's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Goodfellow.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Goodfellow on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Goodfellow or generate 0.0% return on investment in Goodfellow over 30 days. Goodfellow is related to or competes with West Fraser, Simpson Manufacturing, Ufp Industries, Svenska Cellulosa, and Canfor. Goodfellow Inc. engages in the wholesale distribution of lumber products, building materials, and floor coverings to the... More
Goodfellow Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Goodfellow's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Goodfellow upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 21.85 |
Goodfellow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodfellow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodfellow's standard deviation. In reality, there are many statistical measures that can use Goodfellow historical prices to predict the future Goodfellow's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.0998 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3456 |
Goodfellow Backtested Returns
At this point, Goodfellow is not too volatile. Goodfellow holds Efficiency (Sharpe) Ratio of 0.0636, which attests that the entity had a 0.0636 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for Goodfellow, which you can use to evaluate the volatility of the firm. Please check out Goodfellow's Standard Deviation of 2.16, market risk adjusted performance of 0.3556, and Risk Adjusted Performance of 0.0595 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Goodfellow has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goodfellow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodfellow is expected to be smaller as well. Goodfellow right now retains a risk of 2.16%. Please check out Goodfellow information ratio, skewness, as well as the relationship between the Skewness and day median price , to decide if Goodfellow will be following its current trending patterns.
Auto-correlation | 1.00 |
Perfect predictability
Goodfellow has perfect predictability. Overlapping area represents the amount of predictability between Goodfellow time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodfellow price movement. The serial correlation of 1.0 indicates that 100.0% of current Goodfellow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goodfellow lagged returns against current returns
Autocorrelation, which is Goodfellow pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Goodfellow's pink sheet expected returns. We can calculate the autocorrelation of Goodfellow returns to help us make a trade decision. For example, suppose you find that Goodfellow has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Goodfellow regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Goodfellow pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodfellow pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodfellow pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goodfellow Lagged Returns
When evaluating Goodfellow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodfellow pink sheet have on its future price. Goodfellow autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Goodfellow autocorrelation shows the relationship between Goodfellow pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goodfellow.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goodfellow Pink Sheet
Goodfellow financial ratios help investors to determine whether Goodfellow Pink Sheet 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 Goodfellow with respect to the benefits of owning Goodfellow security.