Goodtech (Norway) Analysis

Goodtech Stock Analysis Notes

About 61.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Goodtech recorded a loss per share of 0.45. The entity last dividend was issued on the 28th of April 2014. The firm had 1:10 split on the 7th of May 2012. It designs and supplies turnkey systems to convert and modernize existing systems, such as operator, process safety, industrial IT, and control systems and provides service and support in infrastructure, logistics, and gas and oil sectors, as well as for production, power, and heating distribution systems. Goodtech ASA was founded in 1913 and is headquartered in Oslo, Norway. GOODTECH ASA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange. To learn more about Goodtech call Arve Teie at 47 81 56 86 00 or check out https://www.goodtech.no.

Goodtech Investment Alerts

Goodtech Thematic Classifications

Goodtech Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 216.83 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goodtech's market, we take the total number of its shares issued and multiply it by Goodtech's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Goodtech Profitablity

The company has Profit Margin (PM) of (0.01) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.01) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.01.

Technical Drivers

As of the 19th of April, Goodtech retains the Risk Adjusted Performance of 0.1192, market risk adjusted performance of 1.06, and Downside Deviation of 2.04. Goodtech technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Goodtech, which can be compared to its competitors. Please check out Goodtech value at risk, expected short fall, and the relationship between the treynor ratio and downside variance to decide if Goodtech is priced fairly, providing market reflects its last-minute price of 14.0 per share.

Goodtech Price Movement Analysis

Goodtech Predictive Daily Indicators

Goodtech Forecast Models

Goodtech's time-series forecasting models are one of many Goodtech's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Goodtech's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Goodtech prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Goodtech shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Goodtech. By using and applying Goodtech Stock analysis, traders can create a robust methodology for identifying Goodtech entry and exit points for their positions.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodtech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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.