Goodyear Public (Thailand) Probability of Future Stock Price Finishing Over 535.60
| GYT Stock | THB 176.50 0.50 0.28% |
Goodyear |
Goodyear Public Target Price Odds to finish over 535.60
The tendency of Goodyear Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 535.60 or more in 90 days |
| 176.50 | 90 days | 535.60 | close to zero percent |
Based on a normal probability distribution, the odds of Goodyear Public to move over 535.60 or more in 90 days from now is close to zero percent (This Goodyear Public probability density function shows the probability of Goodyear Stock to fall within a particular range of prices over 90 days) . Probability of Goodyear Public price to stay between its current price of 176.50 and 535.60 at the end of the 90-day period is about 23.87 .
Assuming the 90 days trading horizon Goodyear Public has a beta of 0.0741. This usually indicates as returns on the market go up, Goodyear Public average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Goodyear Public will be expected to be much smaller as well. Additionally Goodyear Public has an alpha of 0.2462, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Goodyear Public Price Density |
| Price |
Predictive Modules for Goodyear Public
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodyear Public. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Goodyear Public Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodyear Public is not an exception. The market had few large corrections towards the Goodyear Public's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Goodyear Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodyear Public within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 22.36 | |
Ir | Information ratio | 0.15 |
Goodyear Public Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Goodyear Public for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodyear Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodyear Public is way too risky over 90 days horizon | |
| Goodyear Public appears to be risky and price may revert if volatility continues | |
| Goodyear Public has accumulated 218.01 M in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. Goodyear Public has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Goodyear Public until it has trouble settling it off, either with new capital or with free cash flow. So, Goodyear Public's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Goodyear Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goodyear to invest in growth at high rates of return. When we think about Goodyear Public's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 4.09 B. Net Loss for the year was (32.5 M) with profit before overhead, payroll, taxes, and interest of 515.35 M. | |
| About 82.0% of Goodyear Public shares are held by company insiders |
Goodyear Public Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Goodyear Stock often depends not only on the future outlook of the current and potential Goodyear Public's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Goodyear Public's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.4 M |
Goodyear Public Technical Analysis
Goodyear Public's future price can be derived by breaking down and analyzing its technical indicators over time. Goodyear Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodyear Public. In general, you should focus on analyzing Goodyear Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodyear Public Predictive Forecast Models
Goodyear Public's time-series forecasting models is one of many Goodyear Public's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Goodyear Public's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Goodyear Public
Checking the ongoing alerts about Goodyear Public for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodyear Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodyear Public is way too risky over 90 days horizon | |
| Goodyear Public appears to be risky and price may revert if volatility continues | |
| Goodyear Public has accumulated 218.01 M in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. Goodyear Public has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Goodyear Public until it has trouble settling it off, either with new capital or with free cash flow. So, Goodyear Public's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Goodyear Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goodyear to invest in growth at high rates of return. When we think about Goodyear Public's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 4.09 B. Net Loss for the year was (32.5 M) with profit before overhead, payroll, taxes, and interest of 515.35 M. | |
| About 82.0% of Goodyear Public shares are held by company insiders |
Other 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.