Goodyear Tire Rubber Stock Buy Hold or Sell Recommendation

GT Stock  USD 13.73  0.16  1.18%   
Allowing for the 90-day total investment horizon and your slightly conservative level of risk, our recommendation regarding Goodyear Tire Rubber is 'Hold'. Macroaxis provides Goodyear Tire buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding GT positions. The advice algorithm takes into account all of Goodyear Tire's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Goodyear Tire's buy or sell advice are summarized below:
Real Value
13.82
Target Price
14.2
Hype Value
13.73
Market Value
13.73
Naive Value
13.16
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Goodyear Tire Rubber given historical horizon and risk tolerance towards Goodyear Tire. When Macroaxis issues a 'buy' or 'sell' recommendation for Goodyear Tire Rubber, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Goodyear Tire Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Goodyear and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Execute Goodyear Tire Buy or Sell Advice

The Goodyear recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Goodyear Tire Rubber. Macroaxis does not own or have any residual interests in Goodyear Tire Rubber or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Goodyear Tire's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Goodyear TireBuy Goodyear Tire
Hold

Market Performance

Very WeakDetails

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

StrongDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Goodyear Tire Rubber has a Risk Adjusted Performance of (0.01), Jensen Alpha of (0.42), Total Risk Alpha of (0.67) and Treynor Ratio of (0.03)
Our advice tool can cross-verify current analyst consensus on Goodyear Tire and to analyze the company potential to grow in the current economic cycle. To make sure Goodyear Tire Rubber is not overpriced, please check out all Goodyear Tire fundamentals, including its book value per share, retained earnings, and the relationship between the cash and equivalents and target price . Given that Goodyear Tire Rubber has a price to earning of 3.22 X, we strongly advise you to confirm Goodyear Tire Rubber market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Goodyear Tire Trading Alerts and Improvement Suggestions

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 cleveland.com: Raising the curtain on the 2024 Guardians season

Goodyear Tire Returns Distribution Density

The distribution of Goodyear Tire's historical returns is an attempt to chart the uncertainty of Goodyear Tire's future price movements. The chart of the probability distribution of Goodyear Tire daily returns describes the distribution of returns around its average expected value. We use Goodyear Tire Rubber price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Goodyear Tire returns is essential to provide solid investment advice for Goodyear Tire.
Mean Return
-0.07
Value At Risk
-3.47
Potential Upside
3.83
Standard Deviation
2.65
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Goodyear Tire historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Goodyear Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Goodyear Tire is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Goodyear Tire Rubber backward and forwards among themselves. Goodyear Tire's institutional investor refers to the entity that pools money to purchase Goodyear Tire's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Norges Bank2023-12-31
4.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
4.5 M
Citadel Advisors Llc2023-09-30
4.2 M
Electron Capital Partners, Llc2023-12-31
M
Jacobs Levy Equity Management, Inc.2023-09-30
3.9 M
Northern Trust Corp2023-12-31
3.9 M
Newport Trust Co.2023-12-31
3.4 M
Fisher Asset Management, Llc2023-12-31
3.3 M
Charles Schwab Investment Management Inc2023-12-31
3.1 M
Blackrock Inc2023-12-31
36 M
Vanguard Group Inc2023-12-31
29.1 M
Note, although Goodyear Tire's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Goodyear Tire Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory6M713M(982M)(1.0B)908M953.4M
Change In Cash101M650M(460M)147M(326M)(309.7M)
Free Cash Flow437M468M81M(540M)(18M)(18.9M)
Depreciation795M859M883M964M1.0B708.7M
Other Non Cash Items107M(54M)(40M)120M506M531.3M
Dividends Paid138M148M37M0.0(10.9B)(10.3B)
Capital Expenditures770M647M981M1.1B1.1B867.8M
Net Income(297M)(1.3B)780M209M(687M)(652.7M)
End Period Cash Flow974M1.6B1.2B1.3B985M1.4B
Change Receivables71M132M(300M)(333M)(299.7M)(284.7M)
Net Borrowings1.9B250M1.4B582M669.3M667.7M
Change To Netincome453M(2M)(486M)(60M)(69M)(72.5M)
Investments113M(13M)7M(914M)(1.1B)(1.0B)

Goodyear Tire Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Goodyear Tire or Automobile Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Goodyear Tire's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Goodyear stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.42
β
Beta against NYSE Composite2.75
σ
Overall volatility
2.75
Ir
Information ratio -0.08

Goodyear Tire Volatility Alert

Goodyear Tire Rubber exhibits very low volatility with skewness of -2.57 and kurtosis of 14.73. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Goodyear Tire's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Goodyear Tire's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Goodyear Tire Implied Volatility

Goodyear Tire's implied volatility exposes the market's sentiment of Goodyear Tire Rubber stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Goodyear Tire's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Goodyear Tire stock will not fluctuate a lot when Goodyear Tire's options are near their expiration.

Goodyear Tire Fundamentals Vs Peers

Comparing Goodyear Tire's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Goodyear Tire's direct or indirect competition across all of the common fundamentals between Goodyear Tire and the related equities. This way, we can detect undervalued stocks with similar characteristics as Goodyear Tire or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Goodyear Tire's fundamental indicators could also be used in its relative valuation, which is a method of valuing Goodyear Tire by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Goodyear Tire to competition
FundamentalsGoodyear TirePeer Average
Return On Equity-0.13-0.31
Return On Asset0.0152-0.14
Profit Margin(0.03) %(1.27) %
Operating Margin0.05 %(5.51) %
Current Valuation11.6 B16.62 B
Shares Outstanding284.15 M571.82 M
Shares Owned By Insiders0.60 %10.09 %
Shares Owned By Institutions86.02 %39.21 %
Number Of Shares Shorted16.92 M4.71 M
Price To Earning3.22 X28.72 X
Price To Book0.83 X9.51 X
Price To Sales0.19 X11.42 X
Revenue20.07 B9.43 B
Gross Profit3.88 B27.38 B
EBITDA1.57 B3.9 B
Net Income(687 M)570.98 M
Cash And Equivalents1.25 B2.7 B
Cash Per Share4.41 X5.01 X
Total Debt8.65 B5.32 B
Debt To Equity1.77 %48.70 %
Current Ratio1.29 X2.16 X
Book Value Per Share16.45 X1.93 K
Cash Flow From Operations1.03 B971.22 M
Short Ratio4.71 X4.00 X
Earnings Per Share(2.42) X3.12 X
Price To Earnings To Growth1.67 X4.89 X
Target Price15.3
Number Of Employees71 K18.84 K
Beta1.83-0.15
Market Capitalization3.87 B19.03 B
Total Asset21.58 B29.47 B
Retained Earnings5.09 B9.33 B
Working Capital503 M1.48 B
Note: Goodyear Tire exotic insider transaction detected [view details]

Goodyear Tire Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Goodyear . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Goodyear Tire Buy or Sell Advice

When is the right time to buy or sell Goodyear Tire Rubber? Buying financial instruments such as Goodyear Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total8.4B8.9B8.6B4.9B
Total Assets21.4B22.4B21.6B15.3B

Use Investing Ideas to Build Portfolios

In addition to having Goodyear Tire in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Latest Gainers Theme
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 169 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Latest Gainers Theme or any other thematic opportunities.
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When determining whether Goodyear Tire Rubber is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Goodyear Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Goodyear Tire Rubber Stock. Highlighted below are key reports to facilitate an investment decision about Goodyear Tire Rubber Stock:
Check out Goodyear Tire Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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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.