Goodman Group Stock Market Value
| GMGSF Stock | USD 22.25 0.62 2.87% |
| Symbol | Goodman |
Goodman '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 Goodman'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 Goodman.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Goodman on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Goodman Group or generate 0.0% return on investment in Goodman over 30 days. Goodman is related to or competes with Comstock Holding, St Joe, Stratus Properties, Mitsui Fudosan, and New World. Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europ... More
Goodman 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 Goodman'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 Goodman Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.11 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 34.53 | |||
| Value At Risk | (6.60) | |||
| Potential Upside | 2.87 |
Goodman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodman's standard deviation. In reality, there are many statistical measures that can use Goodman historical prices to predict the future Goodman's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0831 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodman's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Goodman Group Backtested Returns
At this point, Goodman is not too volatile. Goodman Group holds Efficiency (Sharpe) Ratio of 0.0051, which attests that the entity had a 0.0051% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Goodman Group, which you can use to evaluate the volatility of the firm. Please check out Goodman's Risk Adjusted Performance of 0.012, market risk adjusted performance of (0.01), and Downside Deviation of 8.11 to validate if the risk estimate we provide is consistent with the expected return of 0.0205%. The company retains a Market Volatility (i.e., Beta) of -0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goodman are expected to decrease at a much lower rate. During the bear market, Goodman is likely to outperform the market. Goodman Group right now retains a risk of 4.0%. Please check out Goodman downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Goodman will be following its current trending patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Goodman Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Goodman time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodman Group price movement. The serial correlation of -0.83 indicates that around 83.0% of current Goodman price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Goodman Group lagged returns against current returns
Autocorrelation, which is Goodman 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 Goodman's pink sheet expected returns. We can calculate the autocorrelation of Goodman returns to help us make a trade decision. For example, suppose you find that Goodman 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 |
Goodman 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 Goodman pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodman pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodman pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goodman Lagged Returns
When evaluating Goodman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodman pink sheet have on its future price. Goodman 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, Goodman autocorrelation shows the relationship between Goodman pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goodman Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goodman Pink Sheet
Goodman financial ratios help investors to determine whether Goodman 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 Goodman with respect to the benefits of owning Goodman security.