Gofore Oyj Financials
| GOFORE Stock | EUR 22.00 0.10 0.45% |
Gofore |
Understanding current and past Gofore Oyj Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Gofore Oyj's financial statements are interrelated, with each one affecting the others. For example, an increase in Gofore Oyj's assets may result in an increase in income on the income statement.
Please note, the presentation of Gofore Oyj's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Gofore Oyj's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Gofore Oyj's management manipulating its earnings.
Gofore Oyj Stock Summary
Gofore Oyj competes with Qt Group, Harvia Oyj, Kamux Suomi, and Revenio. Gofore Oyj provides digitalization services for corporate customers and public sector operators in Finland and rest of Europe. The company was founded in 2002 and is headquartered in Tampere, Finland. Gofore Oyj is traded on Helsinki Exchange in Finland.| Instrument | Finland Stock View All |
| Exchange | Helsinki Exchange |
| ISIN | FI4000283130 |
| Business Address | Kalevantie 2, Tampere, |
| Sector | IT Services |
| Industry | Information Technology |
| Benchmark | Dow Jones Industrial |
| Website | www.gofore.com |
| Phone | 358 1043 97777 |
| Currency | EUR - Euro |
You should never invest in Gofore Oyj without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Gofore Stock, because this is throwing your money away. Analyzing the key information contained in Gofore Oyj's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Gofore Oyj Key Financial Ratios
Gofore Oyj's financial ratios allow both analysts and investors to convert raw data from Gofore Oyj's financial statements into concise, actionable information that can be used to evaluate the performance of Gofore Oyj over time and compare it to other companies across industries.| Return On Equity | 0.18 | |||
| Return On Asset | 0.0836 | |||
| Target Price | 26.0 | |||
| Beta | 0.63 | |||
| Z Score | 31.0 |
Gofore Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Gofore Oyj's current stock value. Our valuation model uses many indicators to compare Gofore Oyj value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Gofore Oyj competition to find correlations between indicators driving Gofore Oyj's intrinsic value. More Info.Gofore Oyj is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.46 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Gofore Oyj is roughly 2.16 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Gofore Oyj by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gofore Oyj's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Gofore Oyj Systematic Risk
Gofore Oyj's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Gofore Oyj volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Gofore Oyj correlated with the market. If Beta is less than 0 Gofore Oyj generally moves in the opposite direction as compared to the market. If Gofore Oyj Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Gofore Oyj is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Gofore Oyj is generally in the same direction as the market. If Beta > 1 Gofore Oyj moves generally in the same direction as, but more than the movement of the benchmark.
Gofore Oyj January 24, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Gofore Oyj help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Gofore Oyj. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gofore Oyj based on widely used predictive technical indicators. In general, we focus on analyzing Gofore Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gofore Oyj's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.21 |
Complementary Tools for Gofore Stock analysis
When running Gofore Oyj's price analysis, check to measure Gofore Oyj'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 Gofore Oyj is operating at the current time. Most of Gofore Oyj's value examination focuses on studying past and present price action to predict the probability of Gofore Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gofore Oyj's price. Additionally, you may evaluate how the addition of Gofore Oyj to your portfolios can decrease your overall portfolio volatility.
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