The Goodheart Willcox Stock Market Value
| GWOX Stock | USD 435.00 4.00 0.91% |
| Symbol | Goodheart |
Goodheart Willcox '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 Goodheart Willcox'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 Goodheart Willcox.
| 02/03/2023 |
| 12/24/2024 |
If you would invest 0.00 in Goodheart Willcox on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding The Goodheart Willcox or generate 0.0% return on investment in Goodheart Willcox over 690 days. Goodheart Willcox is related to or competes with Pardee Resources, Keweenaw Land, Risk George, Hanover Foods, and Burnham Holdings. The Goodheart-Willcox Company, Inc. publishes print and digital textbooks More
Goodheart Willcox 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 Goodheart Willcox'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 The Goodheart Willcox upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.08 | |||
| Information Ratio | 0.0054 | |||
| Maximum Drawdown | 15.23 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.49 |
Goodheart Willcox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodheart Willcox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodheart Willcox's standard deviation. In reality, there are many statistical measures that can use Goodheart Willcox historical prices to predict the future Goodheart Willcox's volatility.| Risk Adjusted Performance | 0.0219 | |||
| Jensen Alpha | 0.0493 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | (0.06) |
Goodheart Willcox Backtested Returns
At this stage we consider Goodheart Pink Sheet to be very steady. Goodheart Willcox holds Efficiency (Sharpe) Ratio of 0.0349, which attests that the entity had a 0.0349% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Goodheart Willcox, which you can use to evaluate the volatility of the firm. Please check out Goodheart Willcox's Risk Adjusted Performance of 0.0219, market risk adjusted performance of (0.05), and Downside Deviation of 5.08 to validate if the risk estimate we provide is consistent with the expected return of 0.0852%. Goodheart Willcox has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goodheart Willcox are expected to decrease at a much lower rate. During the bear market, Goodheart Willcox is likely to outperform the market. Goodheart Willcox right now retains a risk of 2.44%. Please check out Goodheart Willcox total risk alpha, as well as the relationship between the downside variance and rate of daily change , to decide if Goodheart Willcox will be following its current trending patterns.
Auto-correlation | 0.08 |
Virtually no predictability
The Goodheart Willcox has virtually no predictability. Overlapping area represents the amount of predictability between Goodheart Willcox time series from 3rd of February 2023 to 14th of January 2024 and 14th of January 2024 to 24th 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 Goodheart Willcox price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Goodheart Willcox price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 407.95 |
Goodheart Willcox lagged returns against current returns
Autocorrelation, which is Goodheart Willcox 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 Goodheart Willcox's pink sheet expected returns. We can calculate the autocorrelation of Goodheart Willcox returns to help us make a trade decision. For example, suppose you find that Goodheart Willcox 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 |
Goodheart Willcox 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 Goodheart Willcox pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodheart Willcox pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodheart Willcox pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Goodheart Willcox Lagged Returns
When evaluating Goodheart Willcox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodheart Willcox pink sheet have on its future price. Goodheart Willcox 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, Goodheart Willcox autocorrelation shows the relationship between Goodheart Willcox pink sheet current value and its past values and can show if there is a momentum factor associated with investing in The Goodheart Willcox.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Goodheart Pink Sheet Analysis
When running Goodheart Willcox's price analysis, check to measure Goodheart Willcox'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 Goodheart Willcox is operating at the current time. Most of Goodheart Willcox's value examination focuses on studying past and present price action to predict the probability of Goodheart Willcox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodheart Willcox's price. Additionally, you may evaluate how the addition of Goodheart Willcox to your portfolios can decrease your overall portfolio volatility.