Goodyear Tire Rubber Stock Price on May 3, 2024
| GT Stock | USD 12.61 0.34 2.63% |
Below is the normalized historical share price chart for Goodyear Tire Rubber extending back to January 02, 1962. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Goodyear Tire stands at 12.61, as last reported on the 21st of May, with the highest price reaching 12.97 and the lowest price hitting 12.58 during the day.
If you're considering investing in Goodyear Stock, it is important to understand the factors that can impact its price. We consider Goodyear Tire not too volatile. Goodyear Tire Rubber holds Efficiency (Sharpe) Ratio of 0.0166, which attests that the entity had a 0.0166% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goodyear Tire Rubber, which you can use to evaluate the volatility of the firm. Please check out Goodyear Tire's Market Risk Adjusted Performance of 0.3941, risk adjusted performance of 0.0596, and Downside Deviation of 1.82 to validate if the risk estimate we provide is consistent with the expected return of 0.0299%.
At this time, Goodyear Tire's Common Stock is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 10.9 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 15.3 B in 2024. . At this time, Goodyear Tire's Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.02 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop (238.07) in 2024. Goodyear Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 1970 | 200 Day MA 12.9846 | 50 Day MA 12.639 | Beta 1.863 |
Goodyear |
Sharpe Ratio = 0.0166
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GT |
Estimated Market Risk
| 1.8 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Goodyear Tire is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Goodyear Tire by adding it to a well-diversified portfolio.
Price Book 0.7469 | Enterprise Value Ebitda 13.1232 | Price Sales 0.1738 | Shares Float 282.4 M | Wall Street Target Price 15.15 |
Goodyear Tire Valuation on May 3, 2024
It is possible to determine the worth of Goodyear Tire on a given historical date. On May 3, 2024 Goodyear was worth 12.58 at the beginning of the trading date compared to the closed value of 12.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodyear Tire stock. Still, in general, we apply an absolute valuation method to find Goodyear Tire's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Goodyear Tire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodyear Tire's related companies.
| Open | High | Low | Close | Volume | |
| 12.16 | 12.36 | 12.08 | 12.34 | 3,578,133 | |
05/03/2024 | 12.58 | 12.70 | 12.09 | 12.24 | 3,731,217 |
| 12.34 | 12.52 | 12.26 | 12.41 | 3,823,017 |
| Backtest Goodyear Tire | | | Goodyear Tire History | | | Goodyear Tire Valuation | Previous | Next |
Goodyear Tire Trading Date Momentum on May 3, 2024
| On May 06 2024 Goodyear Tire Rubber was traded for 12.41 at the closing time. The highest price during the trading period was 12.52 and the lowest recorded bid was listed for 12.26 . The volume for the day was 3.8 M. This history from May 6, 2024 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.39% . The overall trading delta to the current price is 6.54% . |
Goodyear Tire Rubber Fundamentals Correlations and Trends
By evaluating Goodyear Tire's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Goodyear Tire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodyear financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goodyear Tire Stock history
Goodyear Tire investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Goodyear is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodyear Tire Rubber will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Goodyear Tire stock prices may prove useful in developing a viable investing in Goodyear Tire
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 285 M | 218.9 M | |
| Net Income Applicable To Common Shares | 232.3 M | 380.3 M |
Goodyear Tire Quarterly Net Working Capital |
|
Goodyear Tire Stock Technical Analysis
Goodyear Tire technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Goodyear Tire Period Price Range
Low | May 3, 2024
| High |
12.58 | 12.24 |
Goodyear Tire May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodyear Tire shares will generate the highest return on investment. By undertsting and applying Goodyear Tire stock market strength indicators, traders can identify Goodyear Tire Rubber entry and exit signals to maximize returns
Goodyear Tire Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodyear Tire's price direction in advance. Along with the technical and fundamental analysis of Goodyear Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodyear to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0596 | |||
| Jensen Alpha | 0.1297 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0493 | |||
| Treynor Ratio | 0.3841 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Goodyear Stock analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire'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 Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |
Is Goodyear Tire's industry 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 Goodyear Tire. If investors know Goodyear 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 Goodyear Tire 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 (0.66) | Earnings Share (2.27) | Revenue Per Share 68.929 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0161 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's 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 Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's 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 Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's 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.