GOODYEAR T (Germany) Market Value
| GTR Stock | EUR 10.14 0.16 1.60% |
| Symbol | GOODYEAR |
GOODYEAR T '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 GOODYEAR T's 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 GOODYEAR T.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in GOODYEAR T on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding GOODYEAR T RUBBER or generate 0.0% return on investment in GOODYEAR T over 210 days. GOODYEAR T is related to or competes with TOTAL GABON, and Walgreens Boots. More
GOODYEAR T 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 GOODYEAR T's 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 GOODYEAR T RUBBER upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0976 | |||
| Maximum Drawdown | 12.74 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 6.38 |
GOODYEAR T Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOODYEAR T's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOODYEAR T's standard deviation. In reality, there are many statistical measures that can use GOODYEAR T historical prices to predict the future GOODYEAR T's volatility.| Risk Adjusted Performance | 0.1171 | |||
| Jensen Alpha | 0.3648 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1108 | |||
| Treynor Ratio | 0.9679 |
GOODYEAR T RUBBER Backtested Returns
GOODYEAR T appears to be somewhat reliable, given 3 months investment horizon. GOODYEAR T RUBBER holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for GOODYEAR T RUBBER, which you can use to evaluate the volatility of the firm. Please utilize GOODYEAR T's market risk adjusted performance of 0.9779, and Risk Adjusted Performance of 0.1171 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOODYEAR T holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GOODYEAR T's returns are expected to increase less than the market. However, during the bear market, the loss of holding GOODYEAR T is expected to be smaller as well. Please check GOODYEAR T's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether GOODYEAR T's current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
GOODYEAR T RUBBER has very good reverse predictability. Overlapping area represents the amount of predictability between GOODYEAR T 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 GOODYEAR T RUBBER price movement. The serial correlation of -0.69 indicates that around 69.0% of current GOODYEAR T price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
GOODYEAR T RUBBER lagged returns against current returns
Autocorrelation, which is GOODYEAR T 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 GOODYEAR T's stock expected returns. We can calculate the autocorrelation of GOODYEAR T returns to help us make a trade decision. For example, suppose you find that GOODYEAR T 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 |
GOODYEAR T 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 GOODYEAR T stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOODYEAR T stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOODYEAR T stock over time.
Current vs Lagged Prices |
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GOODYEAR T Lagged Returns
When evaluating GOODYEAR T's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOODYEAR T stock have on its future price. GOODYEAR T 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, GOODYEAR T autocorrelation shows the relationship between GOODYEAR T stock current value and its past values and can show if there is a momentum factor associated with investing in GOODYEAR T RUBBER.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GOODYEAR Stock Analysis
When running GOODYEAR T's price analysis, check to measure GOODYEAR T'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 T is operating at the current time. Most of GOODYEAR T's value examination focuses on studying past and present price action to predict the probability of GOODYEAR T'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 T's price. Additionally, you may evaluate how the addition of GOODYEAR T to your portfolios can decrease your overall portfolio volatility.