Goodyear Indonesia (Indonesia) Alpha and Beta Analysis
| GDYR Stock | IDR 1,240 65.00 5.53% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Goodyear Indonesia Tbk. It also helps investors analyze the systematic and unsystematic risks associated with investing in Goodyear Indonesia over a specified time horizon. Remember, high Goodyear Indonesia's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Goodyear Indonesia's market risk premium analysis include:
Beta 0.19 | Alpha (0.18) | Risk 2.04 | Sharpe Ratio 0.0023 | Expected Return 0.0048 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Goodyear |
Goodyear Indonesia Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Goodyear Indonesia market risk premium is the additional return an investor will receive from holding Goodyear Indonesia long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Goodyear Indonesia. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Goodyear Indonesia's performance over market.| α | -0.18 | β | 0.19 |
Goodyear Indonesia expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Goodyear Indonesia's Buy-and-hold return. Our buy-and-hold chart shows how Goodyear Indonesia performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Goodyear Indonesia Market Price Analysis
Market price analysis indicators help investors to evaluate how Goodyear Indonesia 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 Indonesia shares will generate the highest return on investment. By understating and applying Goodyear Indonesia stock market price indicators, traders can identify Goodyear Indonesia position entry and exit signals to maximize returns.
Goodyear Indonesia Return and Market Media
The median price of Goodyear Indonesia for the period between Mon, Feb 5, 2024 and Sun, May 5, 2024 is 1300.0 with a coefficient of variation of 5.26. The daily time series for the period is distributed with a sample standard deviation of 68.18, arithmetic mean of 1296.36, and mean deviation of 51.2. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About Goodyear Indonesia Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Goodyear or other stocks. Alpha measures the amount that position in Goodyear Indonesia Tbk has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goodyear Indonesia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goodyear Indonesia's short interest history, or implied volatility extrapolated from Goodyear Indonesia options trading.
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Align your risk with return expectations
Check out Goodyear Indonesia Backtesting, Goodyear Indonesia Valuation, Goodyear Indonesia Correlation, Goodyear Indonesia Hype Analysis, Goodyear Indonesia Volatility, Goodyear Indonesia History and analyze Goodyear Indonesia Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Goodyear Stock analysis
When running Goodyear Indonesia's price analysis, check to measure Goodyear Indonesia'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 Indonesia is operating at the current time. Most of Goodyear Indonesia's value examination focuses on studying past and present price action to predict the probability of Goodyear Indonesia'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 Indonesia's price. Additionally, you may evaluate how the addition of Goodyear Indonesia to your portfolios can decrease your overall portfolio volatility.
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Goodyear Indonesia 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.