Goodtech (Norway) Buy Hold or Sell Recommendation
| GOD Stock | NOK 14.00 0.15 1.08% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Goodtech is 'Cautious Hold'. Macroaxis provides Goodtech buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Goodtech positions. The advice algorithm takes into account all of Goodtech's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Goodtech's buy or sell advice are summarized below:
Real Value 13.33 | Hype Value 14 | Market Value 14 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Goodtech given historical horizon and risk tolerance towards Goodtech. When Macroaxis issues a 'buy' or 'sell' recommendation for Goodtech, the advice is generated through an automated system that utilizes algorithms and statistical models.
Goodtech |
Execute Goodtech Buy or Sell Advice
The Goodtech recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Goodtech. Macroaxis does not own or have any residual interests in Goodtech or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Goodtech's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Goodtech Trading Alerts and Improvement Suggestions
| Goodtech appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 536.02 M. Net Loss for the year was (16.48 M) with profit before overhead, payroll, taxes, and interest of 334.87 M. | |
| About 61.0% of the company shares are held by company insiders |
Goodtech Returns Distribution Density
The distribution of Goodtech's historical returns is an attempt to chart the uncertainty of Goodtech's future price movements. The chart of the probability distribution of Goodtech daily returns describes the distribution of returns around its average expected value. We use Goodtech price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Goodtech returns is essential to provide solid investment advice for Goodtech.
| Mean Return | 0.56 | Value At Risk | -2.51 | Potential Upside | 4.85 | Standard Deviation | 3.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Goodtech historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Goodtech Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Goodtech or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Goodtech's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Goodtech stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.58 | |
β | Beta against NYSE Composite | -0.64 | |
σ | Overall volatility | 3.15 | |
Ir | Information ratio | 0.16 |
Goodtech Volatility Alert
Goodtech has relatively low volatility with skewness of 2.86 and kurtosis of 15.0. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Goodtech's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Goodtech's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Goodtech Fundamentals Vs Peers
Comparing Goodtech's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Goodtech's direct or indirect competition across all of the common fundamentals between Goodtech and the related equities. This way, we can detect undervalued stocks with similar characteristics as Goodtech or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Goodtech's fundamental indicators could also be used in its relative valuation, which is a method of valuing Goodtech by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Goodtech to competition |
| Fundamentals | Goodtech | Peer Average |
| Return On Equity | -0.0359 | -0.31 |
| Return On Asset | -0.0081 | -0.14 |
| Profit Margin | (0.01) % | (1.27) % |
| Operating Margin | (0.01) % | (5.51) % |
| Current Valuation | 249.52 M | 16.62 B |
| Shares Outstanding | 26.48 M | 571.82 M |
| Shares Owned By Insiders | 61.14 % | 10.09 % |
| Shares Owned By Institutions | 3.29 % | 39.21 % |
| Price To Earning | (3.47) X | 28.72 X |
| Price To Book | 0.82 X | 9.51 X |
| Price To Sales | 0.35 X | 11.42 X |
| Revenue | 536.02 M | 9.43 B |
| Gross Profit | 334.87 M | 27.38 B |
| EBITDA | 6.08 M | 3.9 B |
| Net Income | (16.48 M) | 570.98 M |
| Cash And Equivalents | 88.72 M | 2.7 B |
| Cash Per Share | 2.26 X | 5.01 X |
| Total Debt | 38.33 M | 5.32 B |
| Debt To Equity | 18.80 % | 48.70 % |
| Current Ratio | 1.06 X | 2.16 X |
| Book Value Per Share | 9.67 X | 1.93 K |
| Cash Flow From Operations | 1.96 M | 971.22 M |
| Earnings Per Share | (0.45) X | 3.12 X |
| Target Price | 11.0 | |
| Number Of Employees | 316 | 18.84 K |
| Beta | 0.86 | -0.15 |
| Market Capitalization | 216.83 M | 19.03 B |
| Total Asset | 517.11 M | 29.47 B |
| Retained Earnings | (81 M) | 9.33 B |
| Working Capital | 99 M | 1.48 B |
| Current Asset | 354 M | 9.34 B |
| Current Liabilities | 255 M | 7.9 B |
| Z Score | 4.0 | 8.72 |
Goodtech Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Goodtech . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Goodtech Buy or Sell Advice
When is the right time to buy or sell Goodtech? Buying financial instruments such as Goodtech Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Goodtech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Goodtech Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Goodtech information on this page should be used as a complementary analysis to other Goodtech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Goodtech Stock analysis
When running Goodtech's price analysis, check to measure Goodtech'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 Goodtech is operating at the current time. Most of Goodtech's value examination focuses on studying past and present price action to predict the probability of Goodtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodtech's price. Additionally, you may evaluate how the addition of Goodtech to your portfolios can decrease your overall portfolio volatility.
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