Goodyear Tire (Germany) Price on September 29, 2024

GTR Stock  EUR 10.39  0.23  2.26%   
If you're considering investing in Goodyear Stock, it is important to understand the factors that can impact its price. As of today, the current price of Goodyear Tire stands at 10.39, as last reported on the 5th of December, with the highest price reaching 10.39 and the lowest price hitting 10.39 during the day. Goodyear Tire appears to be somewhat reliable, given 3 months investment horizon. Goodyear Tire holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Goodyear Tire's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Goodyear Tire's Risk Adjusted Performance of 0.1078, market risk adjusted performance of 0.2294, and Downside Deviation of 2.49 to validate if our risk estimates are consistent with your expectations.
  
Goodyear Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2054

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Estimated Market Risk

 3.1
  actual daily
27
73% of assets are more volatile

Expected Return

 0.64
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.21
  actual daily
16
84% of assets perform better
Based on monthly moving average Goodyear Tire is performing at about 16% 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 Goodyear Tire by adding it to a well-diversified portfolio.

Goodyear Tire Valuation on September 29, 2024

It is possible to determine the worth of Goodyear Tire on a given historical date. On September 29, 2024 Goodyear was worth 7.41 at the beginning of the trading date compared to the closed value of 7.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Goodyear Tire stock. Still, in general, we apply an absolute valuation method to find Goodyear Tire'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 Goodyear Tire where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Goodyear Tire's related companies.
 Open High Low Close Volume
  7.20    7.26    7.20    7.26    1,250  
09/27/2024
  7.41    7.41    7.41    7.41    1,250  
  7.78    7.78    7.78    7.78    1,250  
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Open Value
7.41
7.41
Closing Value
16.72
Upside

Goodyear Tire Trading Date Momentum on September 29, 2024

On September 30 2024 The Goodyear Tire was traded for  7.78  at the closing time. The highest daily price throughout the period was 7.78  and the lowest price was  7.78 . The daily volume was 1.2 K. The net trading volume on 09/30/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 4.99% . The trading price change to current closing price is 3.78% .

Goodyear Tire Fundamentals Correlations and Trends

By evaluating Goodyear Tire'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 Goodyear Tire's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Goodyear financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Goodyear Tire Stock history

Goodyear Tire 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 Goodyear is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Goodyear Tire 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 Goodyear Tire stock prices may prove useful in developing a viable investing in Goodyear Tire
The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was founded in 1898 and is headquartered in Akron, Ohio. GOODYEAR TIRE operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 64000 people.

Goodyear Tire Stock Technical Analysis

Goodyear Tire 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.
A focus of Goodyear Tire technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Goodyear Tire trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Goodyear Tire Period Price Range

Low
December 5, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

The Goodyear Tire cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.

Goodyear Tire December 5, 2024 Market Strength

Market strength indicators help investors to evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodyear Tire shares will generate the highest return on investment. By undertsting and applying Goodyear Tire stock market strength indicators, traders can identify The Goodyear Tire entry and exit signals to maximize returns

Goodyear Tire Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Goodyear Tire's price direction in advance. Along with the technical and fundamental analysis of Goodyear Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Goodyear 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.

Complementary Tools for Goodyear Stock analysis

When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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