Goodyear Tire (Germany) Probability of Future Stock Price Finishing Over 20.10
| GTR Stock | EUR 10.39 0.23 2.26% |
Goodyear |
Goodyear Tire Target Price Odds to finish over 20.10
The tendency of Goodyear 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 move over € 20.10 or more in 90 days |
| 10.39 | 90 days | 20.10 | close to zero percent |
Based on a normal probability distribution, the odds of Goodyear Tire to move over € 20.10 or more in 90 days from now is close to zero percent (This The Goodyear Tire probability density function shows the probability of Goodyear Stock to fall within a particular range of prices over 90 days) . Probability of Goodyear Tire price to stay between its current price of € 10.39 and € 20.10 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.95 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Goodyear Tire will likely underperform. Additionally The Goodyear Tire has an alpha of 0.1618, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Goodyear Tire Price Density |
| Price |
Predictive Modules for Goodyear Tire
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodyear Tire. 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.Goodyear Tire Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodyear Tire is not an exception. The market had few large corrections towards the Goodyear Tire'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 The Goodyear Tire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodyear Tire within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 1.95 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | 0.09 |
Goodyear Tire 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 Goodyear Tire for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodyear Tire can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodyear Tire appears to be risky and price may revert if volatility continues | |
| Goodyear Tire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 82.0% of the company shares are owned by institutional investors |
Goodyear Tire 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 Goodyear Stock often depends not only on the future outlook of the current and potential Goodyear Tire'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. Goodyear Tire's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 283 M |
Goodyear Tire Technical Analysis
Goodyear Tire's future price can be derived by breaking down and analyzing its technical indicators over time. Goodyear Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Goodyear Tire. In general, you should focus on analyzing Goodyear Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodyear Tire Predictive Forecast Models
Goodyear Tire's time-series forecasting models is one of many Goodyear Tire'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 Goodyear Tire'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 Goodyear Tire
Checking the ongoing alerts about Goodyear Tire for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodyear Tire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodyear Tire appears to be risky and price may revert if volatility continues | |
| Goodyear Tire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 82.0% of the company shares are owned by institutional investors |
Other Information on Investing in Goodyear Stock
Goodyear Tire financial ratios help investors to determine whether Goodyear Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goodyear with respect to the benefits of owning Goodyear Tire security.