Goodtech (Norway) Odds of Future Stock Price Finishing Under 13.8
| GOD Stock | NOK 14.45 0.05 0.34% |
Goodtech |
Goodtech Target Price Odds to finish below 13.8
The tendency of Goodtech Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 13.80 or more in 90 days |
| 14.45 | 90 days | 13.80 | about 85.74 |
Based on a normal probability distribution, the odds of Goodtech to drop to 13.80 or more in 90 days from now is about 85.74 (This Goodtech probability density function shows the probability of Goodtech Stock to fall within a particular range of prices over 90 days) . Probability of Goodtech price to stay between 13.80 and its current price of 14.45 at the end of the 90-day period is about 8.66 .
Assuming the 90 days trading horizon Goodtech has a beta of -0.96. This usually indicates Additionally Goodtech has an alpha of 0.4999, implying that it can generate a 0.5 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Goodtech Price Density |
| Price |
Predictive Modules for Goodtech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodtech. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodtech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Goodtech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodtech is not an exception. The market had few large corrections towards the Goodtech's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Goodtech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodtech within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.50 | |
β | Beta against NYSE Composite | -0.96 | |
σ | Overall volatility | 1.24 | |
Ir | Information ratio | 0.11 |
Goodtech Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Goodtech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodtech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodtech had very high historical volatility over the last 90 days | |
| 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 Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Goodtech Stock often depends not only on the future outlook of the current and potential Goodtech's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Goodtech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.9 M | |
| Cash And Short Term Investments | 79.3 M |
Goodtech Technical Analysis
Goodtech's future price can be derived by breaking down and analyzing its technical indicators over time. Goodtech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodtech. In general, you should focus on analyzing Goodtech Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodtech Predictive Forecast Models
Goodtech's time-series forecasting models is one of many Goodtech's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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 stock market movement and maximize returns from investment trading.
Things to note about Goodtech
Checking the ongoing alerts about Goodtech for important developments is a great way to find new opportunities for your next move. Our 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.
| Goodtech had very high historical volatility over the last 90 days | |
| 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 |
Check out Goodtech Backtesting, Goodtech Valuation, Goodtech Correlation, Goodtech Hype Analysis, Goodtech Volatility, Goodtech History as well as Goodtech Performance. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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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