Goodyear Tire Rubber Stock Probability of Future Stock Price Finishing Under 12.18
| GT Stock | USD 12.12 0.28 2.36% |
Closest to current price Goodyear long CALL Option Payoff at Expiration
Goodyear |
Goodyear Tire Target Price Odds to finish below 12.18
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 stay under $ 12.18 after 90 days |
| 12.12 | 90 days | 12.18 | about 23.97 |
Based on a normal probability distribution, the odds of Goodyear Tire to stay under $ 12.18 after 90 days from now is about 23.97 (This Goodyear Tire Rubber probability density function shows the probability of Goodyear Stock to fall within a particular range of prices over 90 days) . Probability of Goodyear Tire Rubber price to stay between its current price of $ 12.12 and $ 12.18 at the end of the 90-day period is roughly 2.17 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 2.77 . 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 Goodyear Tire Rubber has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. 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 Rubber. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodyear Tire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 Goodyear Tire Rubber, 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 NYSE Composite | -0.45 | |
β | Beta against NYSE Composite | 2.77 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | -0.12 |
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 Rubber 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 Rubber generated a negative expected return over the last 90 days | |
| The company generated the yearly revenue of 20.07 B. Annual Net Loss to common stockholders was (687 M) with gross profit of 3.88 B. | |
| Goodyear Tire Rubber has a strong financial position based on the latest SEC filings | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from electrek.co: Goodyear launches a new EV tire but are EV tires worth it |
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 | 285 M | |
| Cash And Short Term Investments | 902 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 Goodyear Tire Rubber. 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 Rubber
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 Rubber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodyear Tire Rubber generated a negative expected return over the last 90 days | |
| The company generated the yearly revenue of 20.07 B. Annual Net Loss to common stockholders was (687 M) with gross profit of 3.88 B. | |
| Goodyear Tire Rubber has a strong financial position based on the latest SEC filings | |
| Over 86.0% of the company shares are owned by institutional investors | |
| Latest headline from electrek.co: Goodyear launches a new EV tire but are EV tires worth it |
Check out Goodyear Tire Backtesting, Goodyear Tire Valuation, Goodyear Tire Correlation, Goodyear Tire Hype Analysis, Goodyear Tire Volatility, Goodyear Tire History as well as Goodyear Tire Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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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Is Goodyear Tire'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 Goodyear Tire. If investors know Goodyear 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 Goodyear Tire 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 (0.66) | Earnings Share (2.42) | Revenue Per Share 70.407 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0152 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire'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 Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire'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 Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire'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.