The Goodyear Tire Rubber Company Among The Oversold NASDAQ Stocks to Invest in Now - Yahoo Finance
| GTR Stock | 9.98 0.07 0.70% |
Slightly above 61% of Goodyear Tire's investor base is looking to short. The analysis of current outlook of investing in Goodyear Tire Rubber suggests that many traders are alarmed regarding Goodyear Tire's prospects. Goodyear Tire's investing sentiment can be driven by a variety of factors including economic data, Goodyear Tire's earnings reports, geopolitical events, and overall market trends.
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The Goodyear Tire Rubber Company Among The Oversold NASDAQ Stocks to Invest in Now Yahoo Finance
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Goodyear Tire Fundamental Analysis
We analyze Goodyear Tire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goodyear Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goodyear Tire based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Income
Net Income Comparative Analysis
Goodyear Tire is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Goodyear Tire Rubber Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goodyear Tire stock to make a market-neutral strategy. Peer analysis of Goodyear Tire could also be used in its relative valuation, which is a method of valuing Goodyear Tire by comparing valuation metrics with similar companies.
Peers
Goodyear Tire Related Equities
| MEC | Meiko Electronics | 1.83 | ||||
| 4BY | BYD ELECTRONIC | 1.69 | ||||
| LPK | LPKF Laser | 0.23 | ||||
| ARW | ARROW ELECTRONICS | 0.88 | ||||
| ARW | Arrow Electronics | 1.77 | ||||
| AVLA | Air Lease | 2.07 | ||||
| UM3 | UMC Electronics | 2.09 |
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.