Goodfood Market Corp Stock Market Value
| GDDFF Stock | USD 0.23 0.01 4.17% |
| Symbol | Goodfood |
Goodfood Market 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Goodfood Market's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Goodfood Market.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Goodfood Market on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Goodfood Market Corp or generate 0.0% return on investment in Goodfood Market over 90 days. Goodfood Market is related to or competes with Frontdoor, Regis Common, XWELL, Mister Car, Interactive Strength, Rollins, and Bright Horizons. Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada More
Goodfood Market Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Goodfood Market's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Goodfood Market Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 39.29 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 2.94 |
Goodfood Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodfood Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodfood Market's standard deviation. In reality, there are many statistical measures that can use Goodfood Market historical prices to predict the future Goodfood Market's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | 0.2828 | |||
| Treynor Ratio | (0.32) |
Goodfood Market Corp Backtested Returns
Goodfood Market Corp holds Efficiency (Sharpe) Ratio of -0.0594, which attests that the entity had a -0.0594 % return per unit of risk over the last 3 months. Goodfood Market Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodfood Market's Standard Deviation of 4.39, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.31) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goodfood Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodfood Market is expected to be smaller as well. At this point, Goodfood Market Corp has a negative expected return of -0.26%. Please make sure to check out Goodfood Market's maximum drawdown and the relationship between the kurtosis and period momentum indicator , to decide if Goodfood Market Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Goodfood Market Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Goodfood Market time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodfood Market Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current Goodfood Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Goodfood Market Corp lagged returns against current returns
Autocorrelation, which is Goodfood Market pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Goodfood Market's pink sheet expected returns. We can calculate the autocorrelation of Goodfood Market returns to help us make a trade decision. For example, suppose you find that Goodfood Market has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Goodfood Market regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Goodfood Market pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodfood Market pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodfood Market pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goodfood Market Lagged Returns
When evaluating Goodfood Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodfood Market pink sheet have on its future price. Goodfood Market autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Goodfood Market autocorrelation shows the relationship between Goodfood Market pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Goodfood Market Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goodfood Pink Sheet
Goodfood Market financial ratios help investors to determine whether Goodfood Pink Sheet 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 Goodfood with respect to the benefits of owning Goodfood Market security.