Goodyear Tire Rubber Stock Alpha and Beta Analysis
| GT Stock | USD 9.80 0.51 5.49% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Goodyear Tire Rubber. It also helps investors analyze the systematic and unsystematic risks associated with investing in Goodyear Tire over a specified time horizon. Remember, high Goodyear Tire's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Goodyear Tire's market risk premium analysis include:
Beta 2.11 | Alpha (0.07) | Risk 2.94 | Sharpe Ratio 0.0453 | Expected Return 0.13 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Goodyear |
Goodyear Tire Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Goodyear Tire market risk premium is the additional return an investor will receive from holding Goodyear Tire long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Goodyear Tire. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Goodyear Tire's performance over market.| α | -0.07 | β | 2.11 |
Goodyear Tire expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Goodyear Tire's Buy-and-hold return. Our buy-and-hold chart shows how Goodyear Tire performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Goodyear Tire Market Price Analysis
Market price analysis indicators help investors to evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodyear Tire shares will generate the highest return on investment. By understating and applying Goodyear Tire stock market price indicators, traders can identify Goodyear Tire position entry and exit signals to maximize returns.
Goodyear Tire Return and Market Media
The median price of Goodyear Tire for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 8.43 with a coefficient of variation of 6.36. The daily time series for the period is distributed with a sample standard deviation of 0.54, arithmetic mean of 8.55, and mean deviation of 0.43. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Lilly Ledbetter, Whose Fight for Equal Pay Changed U.S. Law, Dies at 86 | 10/14/2024 |
2 | Buc-ees starts work on first Arizona site | 10/17/2024 |
3 | BANFs smart tires for trucks promise to save fuel and lives | 10/29/2024 |
4 | Goodyear cost savings initiative keeps profits intact despite drop in tire sales | 11/04/2024 |
5 | Compared to Estimates, Goodyear Q3 Earnings A Look at Key Metrics | 11/05/2024 |
6 | JPMorgan ups Goodyear target, sees 2026 growth despite short-term demand headwinds | 11/06/2024 |
7 | Why Goodyear Tire Rubber Stock Jumped This Week | 11/07/2024 |
8 | Global Times GT survey shows nearly 90 percent of Americans concerned about China-US ties | 11/08/2024 |
9 | International Markets and Goodyear A Deep Dive for Investors | 11/11/2024 |
10 | Ken Fishers Strategic Emphasis on iShares 7-10 Year Treasury Bond ETF in Q3 2024 | 11/13/2024 |
About Goodyear Tire Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Goodyear or other stocks. Alpha measures the amount that position in Goodyear Tire Rubber has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.0167 | 0.0282 | Price To Sales Ratio | 0.2 | 0.34 |
Goodyear Tire Upcoming Company Events
As portrayed in its financial statements, the presentation of Goodyear Tire's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Goodyear Tire's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Goodyear Tire's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Goodyear Tire. Please utilize our Beneish M Score to check the likelihood of Goodyear Tire's management manipulating its earnings.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional Tools for Goodyear Stock Analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.