GOODTECH Competitors

Stocks . Germany . 
Stock . GOODTECH ASA A
6FO Stock  EUR 0.76  0.02  2.70%   
GOODTECH ASA A competes with UNIVMUSIC GRPADR/050, Tencent Music, Hochschild Mining, PARKEN Sport, and G5 Entertainment; as well as few others. The company classifies itself under Industrials sector and is part of Engineering & Construction industry. Analyzing GOODTECH ASA competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of GOODTECH ASA to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out GOODTECH ASA Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of GOODTECH ASA competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
0.040.762.81
Details
Intrinsic
Valuation
LowRealHigh
0.030.662.71
Details

GOODTECH ASA Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between GOODTECH ASA and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of GOODTECH and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of GOODTECH ASA A does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
U3I
+ 0.83
0VD0
U3I
+ 0.71
PSMA
63TA
+ 0.7
EM7A
PSMA
+ 0.67
0VD0
63TA
+ 0.67
0VD0
U3I
+ 0.65
D2V
  
High negative correlations   
U3I
- 0.71
H3M
H3M
- 0.71
0VD0
H3M
- 0.54
PSMA
H3M
- 0.53
EM7A
D2V
- 0.45
H3M
H3M
- 0.43
63TA

Risk-Adjusted Indicators

There is a big difference between GOODTECH Stock performing well and GOODTECH ASA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze GOODTECH ASA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

GOODTECH ASA Competitive Analysis

The better you understand GOODTECH ASA competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, GOODTECH ASA's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across GOODTECH ASA's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
6FO 0VD0 13O EM7A PSMA 63TA H3M D2V U3I
 2.70 
 0.76 
GOODTECH
 2.17 
 13.50 
UNIVMUSIC
 0.00 
 0.02 
OURGAME
 0.00 
 0.03 
Emperor
 0.66 
 1.52 
PROSIEBENSAT1
 2.65 
 11.00 
Tencent
 1.89 
 2.59 
Hochschild
 1.16 
 17.45 
PARKEN
 2.83 
 10.98 
U3I
Market Volatility
(90 Days Market Risk)
Dangerous
Not too volatile
Somewhat reliable
Out of control
Very risky
Somewhat reliable
Very risky
Not too volatile
Not too volatile
Market Performance
(90 Days Performance)
Very Weak
OK
Very Weak
Weak
Modest
Weak
Weak
Very Weak
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Quite High
Low
Quite High
Below Average
About Average
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Under Valued
Over Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Buy
Hold
Strong Hold
Strong Sell
Strong Sell
Strong Hold
Current Ratio
1.16
N/A
3.15
5.14
N/A
N/A
0.99
0.51
1.63
Net Asset
N/A
N/A
N/A
5.03 B
N/A
67.25 B
1.45 B
2.78 B
625.79 M
Profit Margin
-0.0127
N/A
0.055
-1.41
N/A
N/A
0.0516
0.0871
0.0478
EBITDA
1.14 M
N/A
(107.78 M)
(722.98 M)
N/A
4.75 B
146.8 M
280.95 M
343.48 M
Operating Margin
-0.011
N/A
-0.83
-0.82
N/A
N/A
0.13
0.16
N/A
Current Valuation
N/A
N/A
N/A
(33.67 M)
N/A
10.7 B
494.86 M
259.62 M
149.86 M
Price To Book
N/A
N/A
N/A
0.15
N/A
1.96
0.59
0.8
3.56
Five Year Return
N/A
N/A
N/A
5.5
N/A
N/A
N/A
N/A
N/A
Beta
0.89
N/A
1.17
0.65
N/A
N/A
1.28
0.76
0.91
Number Of Employees
N/A
9.21 K
184
429
N/A
N/A
3.66 K
535
6
Shares Outstanding
26.48 M
N/A
1.08 B
1.19 B
N/A
N/A
513.88 M
9.77 M
8.17 M
Cash Flow From Operations
(17.43 M)
N/A
(23.1 M)
(161.18 M)
N/A
5.24 B
284.7 M
381.02 M
360.63 M
Annual Yield
N/A
N/A
N/A
0.0672
0.0941
N/A
0.0611
N/A
0.0369
Total Debt
92.16 M
N/A
89.71 M
13.71 M
N/A
5.06 B
300 M
1.2 B
N/A
Return On Equity
-0.0359
N/A
-0.23
-0.15
N/A
N/A
0.0543
0.13
0.14
Z Score
N/A
N/A
N/A
3.6
N/A
1.2
0.6
N/A
2.0
Return On Asset
-0.0081
N/A
-0.11
-0.0416
N/A
N/A
0.0453
0.0386
0.0564
Book Value Per Share
9.67
N/A
0.26
3.06
N/A
N/A
1.3
93.32
4.04
Total Asset
N/A
N/A
N/A
5.03 B
N/A
67.25 B
1.45 B
2.78 B
625.79 M
Debt To Equity
0.34
N/A
0.18
1.6
N/A
N/A
19.8
132.6
0.011
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
0.043
N/A
N/A
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
86.0
Shares Owned By Institutions
3.29
N/A
N/A
4.18
N/A
N/A
44.37
0.64
19.87
Market Capitalization
19.71 M
N/A
48.65 M
90.04 M
N/A
10.16 B
373.84 M
119.68 M
144.77 M
Price To Earning
988.0
N/A
N/A
4.2
N/A
N/A
85.76
12.97
27.91
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
1.36
N/A
N/A
0.41
Price To Sales
N/A
N/A
N/A
0.2
N/A
3.13
0.53
0.0783
1.3
Net Income
(5.74 M)
N/A
(180.81 M)
(528.32 M)
N/A
3.03 B
76.93 M
51.62 M
198.21 M
Earnings Per Share
-0.043
N/A
0.004
-0.06
N/A
N/A
0.06
1.52
0.78
Shares Owned By Insiders
61.14
N/A
66.4
71.63
N/A
N/A
38.84
73.23
33.11
Revenue
599.72 M
N/A
157.9 M
415.89 M
N/A
31.24 B
811.39 M
1.18 B
1.32 B
Cash And Equivalents
87.36 M
N/A
121.59 M
475.73 M
N/A
N/A
79.7 M
3.44 M
N/A
Cash Per Share
3.25
N/A
0.11
0.37
N/A
N/A
0.16
0.35
N/A
Gross Profit
334.87 M
N/A
56.1 M
(83.27 M)
N/A
N/A
325.07 M
451.23 M
936.42 M
Day Typical Price
0.76
13.4
0.016
0.03
1.52
11.0
2.48
17.45
10.98
Accumulation Distribution
N/A
0.0222
N/A
N/A
N/A
0.018
0.13
N/A
N/A
Market Facilitation Index
N/A
0.3
N/A
N/A
N/A
0.2
0.33
N/A
N/A
Daily Balance Of Power
9.2 T
(1.00)
0.0
0.0
9.2 T
(1.50)
(0.15)
9.2 T
(9,223,372,036,855)
Period Momentum Indicator
0.02
(0.30)
N/A
N/A
0.01
(0.30)
(0.05)
0.2
(0.32)
Rate Of Daily Change
1.03
0.98
1.0
1.0
1.01
0.97
0.98
1.01
0.97
Day Median Price
0.76
13.35
0.016
0.03
1.52
11.0
2.42
17.45
10.98
Price Action Indicator
0.01
N/A
N/A
N/A
0.005
(0.15)
0.14
0.1
(0.16)
Coefficient Of Variation
(5,806)
570.59
N/A
5037.16
644.8
(42,978)
68500.29
1638.91
724.08
Mean Deviation
1.56
1.17
N/A
1.43
2.16
2.37
2.63
1.51
1.94
Jensen Alpha
(0.05)
0.2668
N/A
0.197
0.4387
0.1073
(0.07)
0.1207
0.3832
Total Risk Alpha
0.3098
0.5443
N/A
0.7201
0.964
0.5696
0.6475
0.5056
0.8053
Sortino Ratio
N/A
0.2364
N/A
0.0196
0.259
N/A
0.0335
0.1353
0.1768
Downside Variance
N/A
3.08
N/A
113.68
5.35
N/A
16.99
3.96
7.98
Standard Deviation
2.11
1.61
N/A
3.88
3.01
3.49
3.87
2.25
2.66
Kurtosis
2.87
2.06
N/A
14.52
3.87
3.7
4.45
4.68
1.79
Potential Upside
3.61
3.13
N/A
4.0
5.84
5.22
5.81
3.67
4.6
Treynor Ratio
(11.90)
(6.70)
N/A
0.0732
(3.59)
(0.02)
0.0095
(2.83)
1.96
Maximum Drawdown
13.5
8.56
N/A
30.95
17.17
24.19
20.96
14.66
16.62
Variance
4.47
2.6
N/A
15.02
9.06
12.16
14.97
5.05
7.07
Market Risk Adjusted Performance
(11.89)
(6.69)
N/A
0.0832
(3.58)
(0.01)
0.0195
(2.82)
1.97
Risk Adjusted Performance
(0.01)
0.1527
N/A
0.0246
0.1381
0.0056
0.0091
0.0578
0.1234
Skewness
(0.62)
0.5867
N/A
(1.14)
1.47
0.6522
(0.11)
1.29
(0.08)
Semi Deviation
N/A
1.12
N/A
3.17
1.78
N/A
3.75
1.77
2.41
Information Ratio
0.0453
0.2573
N/A
0.054
0.199
0.0356
0.0356
0.1199
0.1878
Value At Risk
(2.60)
(2.48)
N/A
(2.08)
(3.23)
(5.08)
(5.96)
(3.23)
(3.43)
Expected Short fall
N/A
(1.61)
N/A
(5.30)
(3.11)
N/A
(2.90)
(1.75)
(2.04)
Downside Deviation
N/A
1.75
N/A
10.66
2.31
N/A
4.12
1.99
2.83
Semi Variance
N/A
1.25
N/A
10.07
3.18
N/A
14.07
3.12
5.81

GOODTECH ASA Competition Performance Charts

Five steps to successful analysis of GOODTECH ASA Competition

GOODTECH ASA's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by GOODTECH ASA A in relation to its competition. GOODTECH ASA's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of GOODTECH ASA in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact GOODTECH ASA's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to GOODTECH ASA A, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your GOODTECH ASA position

In addition to having GOODTECH ASA in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Medical Equipment
Medical Equipment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Medical Equipment Theme or any other thematic opportunities.
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Other Information on Investing in GOODTECH Stock

GOODTECH ASA 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 ASA security.
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