Goodyear Tire (Germany) Technical Analysis
GTR Stock | EUR 9.62 0.15 1.54% |
As of the 11th of December 2024, Goodyear Tire retains the Risk Adjusted Performance of 0.1328, market risk adjusted performance of 0.2898, and Downside Deviation of 2.61. Goodyear Tire 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. Please check out Goodyear Tire information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if Goodyear Tire is priced fairly, providing market reflects its last-minute price of 9.62 per share.
Goodyear Tire Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Goodyear, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GoodyearGoodyear |
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.
Goodyear Tire Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 Goodyear Tire volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Goodyear Tire Trend Analysis
Use this graph to draw trend lines for The Goodyear Tire. You can use it to identify possible trend reversals for Goodyear Tire 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 Goodyear Tire price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Goodyear Tire Best Fit Change Line
The following chart estimates an ordinary least squares regression model for The Goodyear Tire applied against its price change over selected period. The best fit line has a slop of 0.05 , which means The Goodyear Tire will continue generating value for investors. It has 122 observation points and a regression sum of squares at 88.52, which is the sum of squared deviations for the predicted Goodyear Tire price change compared to its average price change.About Goodyear Tire 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 The Goodyear Tire 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 The Goodyear Tire based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Goodyear Tire price pattern first instead of the macroeconomic environment surrounding Goodyear Tire. By analyzing Goodyear Tire'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 Goodyear Tire'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 Goodyear Tire specific price patterns or momentum indicators. Please read more on our technical analysis page.
Goodyear Tire December 11, 2024 Technical Indicators
Most technical analysis of Goodyear 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 Goodyear from various momentum indicators to cycle indicators. When you analyze Goodyear 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1328 | |||
Market Risk Adjusted Performance | 0.2898 | |||
Mean Deviation | 2.27 | |||
Semi Deviation | 2.31 | |||
Downside Deviation | 2.61 | |||
Coefficient Of Variation | 578.21 | |||
Standard Deviation | 3.33 | |||
Variance | 11.07 | |||
Information Ratio | 0.1355 | |||
Jensen Alpha | 0.334 | |||
Total Risk Alpha | 0.0381 | |||
Sortino Ratio | 0.1728 | |||
Treynor Ratio | 0.2798 | |||
Maximum Drawdown | 25.88 | |||
Value At Risk | (3.33) | |||
Potential Upside | 4.6 | |||
Downside Variance | 6.8 | |||
Semi Variance | 5.34 | |||
Expected Short fall | (2.70) | |||
Skewness | 1.73 | |||
Kurtosis | 9.5 |
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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