Goodyear Tire (Germany) Price on November 4, 2024
| GTR Stock | 9.98 0.07 0.70% |
If you're considering investing in Goodyear Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goodyear Tire stands at 9.98, as last reported on the 29th of November, with the highest price reaching 9.98 and the lowest price hitting 9.97 during the day. Goodyear Tire appears to be somewhat reliable, given 3 months investment horizon. Goodyear Tire Rubber holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goodyear Tire Rubber, which you can use to evaluate the volatility of the firm. Please utilize Goodyear Tire's Risk Adjusted Performance of 0.1176, downside deviation of 2.15, and Market Risk Adjusted Performance of 1.17 to validate if our risk estimates are consistent with your expectations.
Goodyear Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goodyear |
Sharpe Ratio = 0.1417
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Estimated Market Risk
| 2.86 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Goodyear Tire is performing at about 11% 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 Goodyear Tire by adding it to a well-diversified portfolio.
Goodyear Tire Valuation on November 4, 2024
It is possible to determine the worth of Goodyear Tire on a given historical date. On November 4, 2024 Goodyear was worth 7.42 at the beginning of the trading date compared to the closed value of 7.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodyear Tire stock. Still, in general, we apply an absolute valuation method to find Goodyear Tire'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 Goodyear Tire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodyear Tire's related companies.
| Open | High | Low | Close | Volume | |
| 7.36 | 7.53 | 7.36 | 7.51 | 1.00 | |
11/04/2024 | 7.42 | 7.57 | 7.42 | 7.46 | 1.00 |
| 7.48 | 8.47 | 7.48 | 8.34 | 560.00 |
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Goodyear Tire Trading Date Momentum on November 4, 2024
| On November 05 2024 Goodyear Tire Rubber was traded for 8.34 at the closing time. The highest price during the trading period was 8.47 and the lowest recorded bid was listed for 7.48 . The volume for the day was 560. This history from November 5, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 11.80% . The overall trading delta to the current price is 19.30% . |
Goodyear Tire Rubber Fundamentals Correlations and Trends
By evaluating Goodyear Tire'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 Goodyear Tire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodyear financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goodyear Tire Stock history
Goodyear Tire 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 Goodyear is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodyear Tire Rubber 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 Goodyear Tire stock prices may prove useful in developing a viable investing in Goodyear Tire
Goodyear Tire Stock Technical Analysis
Goodyear Tire 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
Goodyear Tire Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Goodyear Tire Rubber cannot be verified against its exchange. Please verify the symbol is currently traded on Stuttgart 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.
Goodyear Tire November 29, 2024 Market Strength
Market strength 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 undertsting and applying Goodyear Tire stock market strength indicators, traders can identify Goodyear Tire Rubber entry and exit signals to maximize returns
Goodyear Tire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodyear Tire's price direction in advance. Along with the technical and fundamental analysis of Goodyear Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodyear 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 | 0.1176 | |||
| Jensen Alpha | 0.357 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1309 | |||
| Treynor Ratio | 1.16 |
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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.