Goodtech (Norway) Performance
GOD Stock | NOK 12.45 0.30 2.47% |
On a scale of 0 to 100, Goodtech holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goodtech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodtech is expected to be smaller as well. Please check Goodtech's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Goodtech's current trending patterns will revert.
Risk-Adjusted Performance
10 of 100
Low | High |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Goodtech are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting fundamental indicators, Goodtech disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Begin Period Cash Flow | 108.1 M | |
Total Cashflows From Investing Activities | -22 M |
Goodtech |
Goodtech Relative Risk vs. Return Landscape
If you would invest 988.00 in Goodtech on December 29, 2023 and sell it today you would earn a total of 257.00 from holding Goodtech or generate 26.01% return on investment over 90 days. Goodtech is generating 0.4074% of daily returns assuming 2.9383% volatility of returns over the 90 days investment horizon. Simply put, 25% of all stocks have less volatile historical return distribution than Goodtech, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
Risk |
Goodtech Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodtech's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Goodtech, and traders can use it to determine the average amount a Goodtech's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1386
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | GOD | |||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns |
Estimated Market Risk
2.94 actual daily | 25 75% of assets are more volatile |
Expected Return
0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Goodtech is performing at about 10% 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 Goodtech by adding it to a well-diversified portfolio.
Goodtech Fundamentals Growth
Goodtech Stock prices reflect investors' perceptions of the future prospects and financial health of Goodtech, and Goodtech fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Goodtech Stock performance.
Return On Equity | -0.0359 | |||
Return On Asset | -0.0081 | |||
Current Valuation | 249.52 M | |||
Shares Outstanding | 26.48 M | |||
Price To Earning | (3.47) X | |||
Price To Book | 0.82 X | |||
Price To Sales | 0.35 X | |||
Revenue | 536.02 M | |||
EBITDA | 6.08 M | |||
Cash Per Share | 2.26 X | |||
Debt To Equity | 18.80 % | |||
Cash Flow From Operations | 1.96 M | |||
Earnings Per Share | (0.45) X | |||
Total Asset | 517.11 M | |||
Retained Earnings | (81 M) | |||
Current Asset | 354 M | |||
About Goodtech Performance
To evaluate Goodtech Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Goodtech generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Goodtech Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Goodtech market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Goodtech's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about Goodtech performance evaluation
Checking the ongoing alerts about Goodtech for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Goodtech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.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 |
- Analyzing Goodtech's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Goodtech's stock is overvalued or undervalued compared to its peers.
- Examining Goodtech's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Goodtech's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Goodtech's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Goodtech's stock. These opinions can provide insight into Goodtech's potential for growth and whether the stock is currently undervalued or overvalued.
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Transaction History View history of all your transactions and understand their impact on performance | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |