Gofore Oyj (Finland) Price on October 1, 2024
| GOFORE Stock | EUR 22.75 0.05 0.22% |
If you're considering investing in Gofore Stock, it is important to understand the factors that can impact its price. As of today, the current price of Gofore Oyj stands at 22.75, as last reported on the 10th of January, with the highest price reaching 22.95 and the lowest price hitting 22.50 during the day. At this point, Gofore Oyj is not too volatile. Gofore Oyj holds Efficiency (Sharpe) Ratio of 0.0581, which attests that the entity had a 0.0581% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gofore Oyj, which you can use to evaluate the volatility of the firm. Please check out Gofore Oyj's Downside Deviation of 2.0, risk adjusted performance of 0.046, and Market Risk Adjusted Performance of (8.72) to validate if the risk estimate we provide is consistent with the expected return of 0.11%.
Gofore Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Gofore |
Sharpe Ratio = 0.0581
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | GOFORE | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Gofore Oyj is performing at about 4% of its full potential. 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 Gofore Oyj by adding it to a well-diversified portfolio.
Gofore Oyj Valuation on October 1, 2024
It is possible to determine the worth of Gofore Oyj on a given historical date. On October 1, 2024 Gofore was worth 21.85 at the beginning of the trading date compared to the closed value of 21.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gofore Oyj stock. Still, in general, we apply an absolute valuation method to find Gofore Oyj's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gofore Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gofore Oyj's related companies.
| Open | High | Low | Close | Volume | |
| 21.90 | 22.10 | 21.60 | 21.65 | 42,798 | |
10/01/2024 | 21.85 | 21.85 | 21.50 | 21.55 | 1,329 |
| 21.45 | 21.85 | 21.35 | 21.85 | 12,245 |
| Backtest Gofore Oyj | | | Gofore Oyj History | | | Gofore Oyj Valuation | Previous | Next |
Gofore Oyj Trading Date Momentum on October 1, 2024
| On October 02 2024 Gofore Oyj was traded for 21.85 at the closing time. The highest price during the trading period was 21.85 and the lowest recorded bid was listed for 21.35 . The volume for the day was 12.2 K. This history from October 2, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.39% . The overall trading delta to the current price is 1.39% . |
Gofore Oyj Fundamentals Correlations and Trends
By evaluating Gofore Oyj's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Gofore Oyj's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Gofore financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Gofore Oyj Stock history
Gofore Oyj investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Gofore is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Gofore Oyj will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Gofore Oyj stock prices may prove useful in developing a viable investing in Gofore Oyj
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.
Gofore Oyj Stock Technical Analysis
Gofore Oyj technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Gofore Oyj Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
Gofore Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Gofore Oyj January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how Gofore Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gofore Oyj shares will generate the highest return on investment. By undertsting and applying Gofore Oyj stock market strength indicators, traders can identify Gofore Oyj entry and exit signals to maximize returns
Gofore Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gofore Oyj's price direction in advance. Along with the technical and fundamental analysis of Gofore Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gofore to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | 0.0866 | |||
| Total Risk Alpha | 0.0444 | |||
| Sortino Ratio | 0.0344 | |||
| Treynor Ratio | (8.73) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |