Goodyear Public (Thailand) Market Value
| GYT Stock | THB 174.00 4.50 2.65% |
| Symbol | Goodyear |
Goodyear Public '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 Goodyear Public's stock 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 Goodyear Public.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Goodyear Public on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Goodyear Public or generate 0.0% return on investment in Goodyear Public over 690 days. Goodyear Public is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Goodyear Public Company Limited manufactures, distributes, and sells motor vehicle and aero tires in Thailand More
Goodyear Public 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 Goodyear Public's stock 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 Goodyear Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 8.23 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.61 |
Goodyear Public Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodyear Public's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodyear Public's standard deviation. In reality, there are many statistical measures that can use Goodyear Public historical prices to predict the future Goodyear Public's volatility.| Risk Adjusted Performance | 0.1578 | |||
| Jensen Alpha | 0.281 | |||
| Total Risk Alpha | 0.0563 | |||
| Sortino Ratio | 0.0824 | |||
| Treynor Ratio | 9.13 |
Goodyear Public Backtested Returns
Goodyear Public is out of control given 3 months investment horizon. Goodyear Public holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 29.32% are justified by taking the suggested risk. Use Goodyear Public Downside Deviation of 2.02, market risk adjusted performance of 9.14, and Risk Adjusted Performance of 0.1578 to evaluate company specific risk that cannot be diversified away. Goodyear Public holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0312, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goodyear Public's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodyear Public is expected to be smaller as well. Use Goodyear Public total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to analyze future returns on Goodyear Public.
Auto-correlation | -0.45 |
Modest reverse predictability
Goodyear Public has modest reverse predictability. Overlapping area represents the amount of predictability between Goodyear Public time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Goodyear Public price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Goodyear Public price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 439.3 |
Goodyear Public lagged returns against current returns
Autocorrelation, which is Goodyear Public stock'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 Goodyear Public's stock expected returns. We can calculate the autocorrelation of Goodyear Public returns to help us make a trade decision. For example, suppose you find that Goodyear Public has exhibited high autocorrelation historically, and you observe that the stock 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 |
Goodyear Public 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 Goodyear Public stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodyear Public stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodyear Public stock over time.
Current vs Lagged Prices |
| Timeline |
Goodyear Public Lagged Returns
When evaluating Goodyear Public's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodyear Public stock have on its future price. Goodyear Public 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, Goodyear Public autocorrelation shows the relationship between Goodyear Public stock current value and its past values and can show if there is a momentum factor associated with investing in Goodyear Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Goodyear Stock
Goodyear Public financial ratios help investors to determine whether Goodyear Stock 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 Goodyear with respect to the benefits of owning Goodyear Public security.