Goodrx Holdings Stock Market Value
| GDRX Stock | USD 4.84 0.02 0.41% |
| Symbol | Goodrx |
Goodrx Holdings Price To Book Ratio
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodrx Holdings. If investors know Goodrx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodrx Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.87) | Earnings Share (0.04) | Revenue Per Share 2.027 | Quarterly Revenue Growth 0.085 | Return On Assets 0.0421 |
The market value of Goodrx Holdings is measured differently than its book value, which is the value of Goodrx that is recorded on the company's balance sheet. Investors also form their own opinion of Goodrx Holdings' value that differs from its market value or its book value, called intrinsic value, which is Goodrx Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodrx Holdings' market value can be influenced by many factors that don't directly affect Goodrx Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodrx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodrx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodrx Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Goodrx Holdings '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 Goodrx Holdings' stock 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 Goodrx Holdings.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Goodrx Holdings on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Goodrx Holdings or generate 0.0% return on investment in Goodrx Holdings over 210 days. Goodrx Holdings is related to or competes with Teladoc, Talkspace, Accolade, Doximity, Veeva Systems, Progyny, and 10X Genomics. GoodRx Holdings, Inc., through its subsidiaries, offers information and tools that enable consumers to compare prices an... More
Goodrx Holdings 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 Goodrx Holdings' stock 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 Goodrx Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 20.58 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 2.89 |
Goodrx Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodrx Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodrx Holdings' standard deviation. In reality, there are many statistical measures that can use Goodrx Holdings historical prices to predict the future Goodrx Holdings' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (0.48) |
Goodrx Holdings Backtested Returns
Goodrx Holdings holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Goodrx Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodrx Holdings' Market Risk Adjusted Performance of (0.47), standard deviation of 3.58, and Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.57, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Goodrx Holdings will likely underperform. At this point, Goodrx Holdings has a negative expected return of -0.69%. Please make sure to check out Goodrx Holdings' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Goodrx Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Goodrx Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Goodrx Holdings time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodrx Holdings price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Goodrx Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Goodrx Holdings lagged returns against current returns
Autocorrelation, which is Goodrx Holdings stock'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 Goodrx Holdings' stock expected returns. We can calculate the autocorrelation of Goodrx Holdings returns to help us make a trade decision. For example, suppose you find that Goodrx Holdings has exhibited high autocorrelation historically, and you observe that the stock 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 |
Goodrx Holdings 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 Goodrx Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodrx Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodrx Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Goodrx Holdings Lagged Returns
When evaluating Goodrx Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodrx Holdings stock have on its future price. Goodrx Holdings 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, Goodrx Holdings autocorrelation shows the relationship between Goodrx Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Goodrx Holdings.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Goodrx Stock Analysis
When running Goodrx Holdings' price analysis, check to measure Goodrx Holdings' 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 Goodrx Holdings is operating at the current time. Most of Goodrx Holdings' value examination focuses on studying past and present price action to predict the probability of Goodrx Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodrx Holdings' price. Additionally, you may evaluate how the addition of Goodrx Holdings to your portfolios can decrease your overall portfolio volatility.