GOODTECH ASA (Germany) Performance
| 6FO Stock | EUR 0.76 0.02 2.70% |
The company retains a Market Volatility (i.e., Beta) of -0.0547, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GOODTECH ASA are expected to decrease at a much lower rate. During the bear market, GOODTECH ASA is likely to outperform the market. At this point, GOODTECH ASA A has a negative expected return of -0.2%. Please make sure to check out GOODTECH ASA's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if GOODTECH ASA A performance from the past will be repeated at future time.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days GOODTECH ASA A has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
GOODTECH |
GOODTECH ASA Relative Risk vs. Return Landscape
If you would invest 87.00 in GOODTECH ASA A on December 17, 2024 and sell it today you would lose (11.00) from holding GOODTECH ASA A or give up 12.64% of portfolio value over 90 days. GOODTECH ASA A is currently producing negative expected returns and takes up 2.0277% volatility of returns over 90 trading days. Put another way, 18% of traded stocks are less volatile than GOODTECH, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
GOODTECH ASA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOODTECH ASA's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as GOODTECH ASA A, and traders can use it to determine the average amount a GOODTECH ASA's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1009
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| Negative Returns | 6FO |
Estimated Market Risk
| 2.03 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GOODTECH ASA is not performing at its full potential. However, 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 GOODTECH ASA by adding GOODTECH ASA to a well-diversified portfolio.
GOODTECH ASA Fundamentals Growth
GOODTECH Stock prices reflect investors' perceptions of the future prospects and financial health of GOODTECH ASA, and GOODTECH ASA fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on GOODTECH Stock performance.
| Return On Equity | -0.0359 | |||
| Return On Asset | -0.0081 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.01) % | |||
| Shares Outstanding | 26.48 M | |||
| Price To Earning | 988.00 X | |||
| Revenue | 599.72 M | |||
| EBITDA | 1.14 M | |||
| Cash And Equivalents | 87.36 M | |||
| Cash Per Share | 3.25 X | |||
| Total Debt | 92.16 M | |||
| Debt To Equity | 0.34 % | |||
| Book Value Per Share | 9.67 X | |||
| Cash Flow From Operations | (17.43 M) | |||
| Earnings Per Share | (0.04) X | |||
About GOODTECH ASA Performance
By analyzing GOODTECH ASA's fundamental ratios, stakeholders can gain valuable insights into GOODTECH ASA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GOODTECH ASA has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if GOODTECH ASA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Goodtech ASA operates as an automation, power, and industrial engineering company in Norway, Sweden, Finland, Europe, and internationally. Goodtech ASA was founded in 1913 and is headquartered in Oslo, Norway. GOODTECH ASA operates under Engineering Construction classification in Germany and is traded on Frankfurt Stock Exchange. It employs 283 people.Things to note about GOODTECH ASA A performance evaluation
Checking the ongoing alerts about GOODTECH ASA for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for GOODTECH ASA A help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| GOODTECH ASA A generated a negative expected return over the last 90 days | |
| GOODTECH ASA A has some characteristics of a very speculative penny stock | |
| GOODTECH ASA A has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 599.72 M. Net Loss for the year was (5.74 M) with profit before overhead, payroll, taxes, and interest of 334.87 M. | |
| GOODTECH ASA A has accumulated about 87.36 M in cash with (17.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.25, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 61.0% of the company shares are owned by insiders or employees |
- Analyzing GOODTECH ASA's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GOODTECH ASA's stock is overvalued or undervalued compared to its peers.
- Examining GOODTECH ASA's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GOODTECH ASA's management team can have a significant impact on its success or failure. Reviewing the track record and experience of GOODTECH ASA's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of GOODTECH ASA's stock. These opinions can provide insight into GOODTECH ASA's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for GOODTECH Stock analysis
When running GOODTECH ASA's price analysis, check to measure GOODTECH ASA'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 GOODTECH ASA is operating at the current time. Most of GOODTECH ASA's value examination focuses on studying past and present price action to predict the probability of GOODTECH ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOODTECH ASA's price. Additionally, you may evaluate how the addition of GOODTECH ASA to your portfolios can decrease your overall portfolio volatility.
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