Goodtech (Norway) Performance
| GOD Stock | NOK 9.08 0.02 0.22% |
The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goodtech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodtech is expected to be smaller as well. At this point, Goodtech has a negative expected return of -0.37%. Please make sure to check out Goodtech's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Goodtech performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Goodtech has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's fundamental indicators remain quite persistent which may send shares a bit higher in December 2024. The latest mess may also be a sign of long-standing up-swing for the company institutional investors. ...more
| Begin Period Cash Flow | 108.1 M | |
| Total Cashflows From Investing Activities | -22 M |
Goodtech |
Goodtech Relative Risk vs. Return Landscape
If you would invest 1,175 in Goodtech on August 24, 2024 and sell it today you would lose (267.00) from holding Goodtech or give up 22.72% of portfolio value over 90 days. Goodtech is producing return of less than zero assuming 2.1182% volatility of returns over the 90 days investment horizon. Simply put, 18% of all stocks have less volatile historical return distribution than Goodtech, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Goodtech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodtech's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Goodtech, and traders can use it to determine the average amount a Goodtech'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 = -0.176
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| Negative Returns | GOD |
Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goodtech is not performing at its full potential. However, 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 Goodtech by adding Goodtech to a well-diversified portfolio.
Goodtech Fundamentals Growth
Goodtech Stock prices reflect investors' perceptions of the future prospects and financial health of Goodtech, and Goodtech 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 Goodtech Stock performance.
| Return On Equity | -0.0359 | |||
| Return On Asset | -0.0081 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 249.52 M | |||
| Shares Outstanding | 26.48 M | |||
| Price To Earning | (3.47) X | |||
| Price To Book | 0.82 X | |||
| Price To Sales | 0.35 X | |||
| Revenue | 536.02 M | |||
| EBITDA | 6.08 M | |||
| Cash And Equivalents | 88.72 M | |||
| Cash Per Share | 2.26 X | |||
| Total Debt | 38.33 M | |||
| Debt To Equity | 18.80 % | |||
| Book Value Per Share | 9.67 X | |||
| Cash Flow From Operations | 1.96 M | |||
| Earnings Per Share | (0.45) X | |||
| Total Asset | 517.11 M | |||
| Retained Earnings | (81 M) | |||
| Current Asset | 354 M | |||
| Current Liabilities | 255 M | |||
About Goodtech Performance
By examining Goodtech's fundamental ratios, stakeholders can obtain critical insights into Goodtech's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Goodtech is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
It designs and supplies turnkey systems to convert and modernize existing systems, such as operator, process safety, industrial IT, and control systems and provides service and support in infrastructure, logistics, and gas and oil sectors, as well as for production, power, and heating distribution systems. Goodtech ASA was founded in 1913 and is headquartered in Oslo, Norway. GOODTECH ASA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange.Things to note about Goodtech performance evaluation
Checking the ongoing alerts about Goodtech for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Goodtech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Goodtech generated a negative expected return over the last 90 days | |
| The company reported the revenue of 536.02 M. Net Loss for the year was (16.48 M) with profit before overhead, payroll, taxes, and interest of 334.87 M. | |
| About 61.0% of the company shares are held by company insiders |
- Analyzing Goodtech'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 Goodtech's stock is overvalued or undervalued compared to its peers.
- Examining Goodtech'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 Goodtech's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Goodtech's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Goodtech's stock. These opinions can provide insight into Goodtech's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Goodtech Stock
Goodtech financial ratios help investors to determine whether Goodtech 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 Goodtech with respect to the benefits of owning Goodtech security.