Goodrx Holdingsinc Stock Technical Analysis
| GDRX Stock | USD 6.55 0.28 4.10% |
As of the 16th of April 2024, Goodrx HoldingsInc retains the Downside Deviation of 2.72, risk adjusted performance of 0.0224, and Market Risk Adjusted Performance of 0.0545. Goodrx HoldingsInc 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 interpolate data for nineteen technical drivers for Goodrx HoldingsInc, which can be compared to its competitors. Please check out Goodrx HoldingsInc standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Goodrx HoldingsInc is priced fairly, providing market reflects its last-minute price of 6.55 per share. Given that Goodrx HoldingsInc has jensen alpha of (0.01), we strongly advise you to confirm Goodrx HoldingsInc's regular market performance to make sure the company can sustain itself at a future point.
Goodrx HoldingsInc Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Goodrx, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoodrxGoodrx |
Goodrx HoldingsInc Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 8.73 | Buy | 20 | Odds |
Most Goodrx analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Goodrx stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Goodrx HoldingsInc, talking to its executives and customers, or listening to Goodrx conference calls.
Goodrx HoldingsInc 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.
Goodrx HoldingsInc Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Goodrx HoldingsInc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Goodrx HoldingsInc Trend Analysis
Use this graph to draw trend lines for Goodrx HoldingsInc. You can use it to identify possible trend reversals for Goodrx HoldingsInc as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Goodrx HoldingsInc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Goodrx HoldingsInc Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Goodrx HoldingsInc applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Goodrx HoldingsInc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 4.13, which is the sum of squared deviations for the predicted Goodrx HoldingsInc price change compared to its average price change.About Goodrx HoldingsInc Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Goodrx HoldingsInc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Goodrx HoldingsInc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Goodrx HoldingsInc price pattern first instead of the macroeconomic environment surrounding Goodrx HoldingsInc. By analyzing Goodrx HoldingsInc's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Goodrx HoldingsInc's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Goodrx HoldingsInc specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Payables Outstanding | 136.74 | 99.27 | 77.82 | 73.93 | PFCF Ratio | 90.7 | 21.01 | 33.31 | 31.65 |
Goodrx HoldingsInc April 16, 2024 Technical Indicators
Most technical analysis of Goodrx help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Goodrx from various momentum indicators to cycle indicators. When you analyze Goodrx charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0224 | |||
| Market Risk Adjusted Performance | 0.0545 | |||
| Mean Deviation | 2.44 | |||
| Semi Deviation | 2.6 | |||
| Downside Deviation | 2.72 | |||
| Coefficient Of Variation | 4446.23 | |||
| Standard Deviation | 3.76 | |||
| Variance | 14.14 | |||
| Information Ratio | 0.0058 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.008 | |||
| Treynor Ratio | 0.0445 | |||
| Maximum Drawdown | 26.22 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 4.98 | |||
| Downside Variance | 7.42 | |||
| Semi Variance | 6.76 | |||
| Expected Short fall | (3.18) | |||
| Skewness | 2.49 | |||
| Kurtosis | 12.27 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodrx HoldingsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx HoldingsInc guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Goodrx Stock analysis
When running Goodrx HoldingsInc's price analysis, check to measure Goodrx HoldingsInc'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 Goodrx HoldingsInc is operating at the current time. Most of Goodrx HoldingsInc's value examination focuses on studying past and present price action to predict the probability of Goodrx HoldingsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodrx HoldingsInc's price. Additionally, you may evaluate how the addition of Goodrx HoldingsInc to your portfolios can decrease your overall portfolio volatility.
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Is Goodrx HoldingsInc'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 Goodrx HoldingsInc. If investors know Goodrx 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 Goodrx HoldingsInc 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 6.635 | Earnings Share (0.02) | Revenue Per Share 1.829 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0195 |
The market value of Goodrx HoldingsInc is measured differently than its book value, which is the value of Goodrx that is recorded on the company's balance sheet. Investors also form their own opinion of Goodrx HoldingsInc's value that differs from its market value or its book value, called intrinsic value, which is Goodrx HoldingsInc'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 Goodrx HoldingsInc's market value can be influenced by many factors that don't directly affect Goodrx HoldingsInc'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 Goodrx HoldingsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodrx HoldingsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodrx HoldingsInc'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.