Goodtech (Norway) Price on November 26, 2024
| GOD Stock | NOK 10.30 0.20 1.90% |
If you're considering investing in Goodtech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goodtech stands at 10.30, as last reported on the 20th of December, with the highest price reaching 10.35 and the lowest price hitting 10.25 during the day. Goodtech holds Efficiency (Sharpe) Ratio of -0.0761, which attests that the entity had a -0.0761% return per unit of risk over the last 3 months. Goodtech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodtech's Market Risk Adjusted Performance of (16.67), risk adjusted performance of (0.05), and Standard Deviation of 2.21 to validate the risk estimate we provide.
Goodtech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Goodtech |
Sharpe Ratio = -0.0761
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GOD |
Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Goodtech is not performing at its full potential. However, 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 Goodtech to a well-diversified portfolio.
Goodtech Valuation on November 26, 2024
It is possible to determine the worth of Goodtech on a given historical date. On November 26, 2024 Goodtech was worth 8.92 at the beginning of the trading date compared to the closed value of 9.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodtech stock. Still, in general, we apply an absolute valuation method to find Goodtech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Goodtech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodtech's related companies.
| Open | High | Low | Close | Volume | |
| 8.96 | 9.08 | 8.84 | 9.00 | 20,023 | |
11/26/2024 | 8.92 | 9.18 | 8.92 | 9.18 | 17,289 |
| 9.00 | 9.08 | 8.90 | 9.08 | 72,167 |
| Backtest Goodtech | | | Goodtech History | | | Goodtech Valuation | Previous | Next |
Goodtech Trading Date Momentum on November 26, 2024
| On November 27 2024 Goodtech was traded for 9.08 at the closing time. The maximum traded price for the trading interval was 9.08 and the lowest daily price was 8.90 . The daily volume was recorded at 72.2 K. The volume of trading on 27th of November 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.09% . The overall trading delta to the closing price today is 7.41% . |
Goodtech Fundamentals Correlations and Trends
By evaluating Goodtech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Goodtech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodtech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Goodtech Stock history
Goodtech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Goodtech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodtech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Goodtech stock prices may prove useful in developing a viable investing in Goodtech
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.
Goodtech Stock Technical Analysis
Goodtech 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.
Price Boundaries
Goodtech Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
Goodtech cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Goodtech December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how Goodtech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodtech shares will generate the highest return on investment. By undertsting and applying Goodtech stock market strength indicators, traders can identify Goodtech entry and exit signals to maximize returns
Goodtech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Goodtech's price direction in advance. Along with the technical and fundamental analysis of Goodtech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodtech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (16.68) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Goodtech Stock
Goodtech financial ratios help investors to determine whether Goodtech 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 Goodtech with respect to the benefits of owning Goodtech security.