Goodfellow Stock Today
| GDL Stock | CAD 14.08 0.92 6.13% |
Performance2 of 100
| Odds Of DistressLess than 6
|
Goodfellow is selling at 14.08 as of the 6th of May 2024; that is -6.13 percent down since the beginning of the trading day. The stock's open price was 15.0. Goodfellow has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Goodfellow are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 6th of May 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Goodfellow Inc. engages in the wholesale distribution of lumber products, building materials, and hardwood flooring products to the retail trade, industrial, and manufacturing sectors in Canada and the United States. Goodfellow Inc. was incorporated in 1972 and is headquartered in Delson, Canada. The company has 8.51 M outstanding shares of which 334 shares are currently shorted by private and institutional investors with about 0.1 days to cover all short positions. More on Goodfellow
Moving together with Goodfellow Stock
| 0.83 | JPM | JPMorgan Chase | PairCorr |
| 0.72 | BOFA | Bank of America | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Goodfellow Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Goodfellow's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Goodfellow or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Vice President Atlantic | David Warren | ||||
| Business Concentration | Paper & Forest Products, Lumber & Wood Production, Basic Materials, Materials, Paper & Forest Products, Lumber & Wood Production, Basic Materials (View all Sectors) | ||||
Goodfellow's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Goodfellow's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Goodfellow's financial leverage. It provides some insight into what part of Goodfellow's total assets is financed by creditors.
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Goodfellow (GDL) is traded on Toronto Exchange in Canada and employs 687 people. Goodfellow is listed under Paper & Forest Products category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 119.86 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goodfellow's market, we take the total number of its shares issued and multiply it by Goodfellow's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Goodfellow operates under Paper & Forest Products sector and is part of Materials industry. The entity has 8.51 M outstanding shares of which 334 shares are currently shorted by private and institutional investors with about 0.1 days to cover all short positions.
Goodfellow has accumulated about 2.94 M in cash with 42.97 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35.
Check Goodfellow Probability Of Bankruptcy
Ownership AllocationGoodfellow secures a total of 8.51 Million outstanding shares. Goodfellow secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Goodfellow Ownership Details
Goodfellow Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Goodfellow jumping above the current price in 90 days from now is about 82.41%. The Goodfellow probability density function shows the probability of Goodfellow stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Goodfellow has a beta of 0.3154. This usually indicates as returns on the market go up, Goodfellow average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Goodfellow will be expected to be much smaller as well. Additionally, goodfellow has an alpha of 0.0299, implying that it can generate a 0.0299 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Goodfellow to move above the current price in 90 days from now is about 82.41 (This Goodfellow probability density function shows the probability of Goodfellow Stock to fall within a particular range of prices over 90 days) .
Goodfellow Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Goodfellow market risk premium is the additional return an investor will receive from holding Goodfellow 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 Goodfellow. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Goodfellow's alpha and beta are two of the key measurements used to evaluate Goodfellow's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.07 | |||
| Semi Deviation | 1.93 | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.21 |
Goodfellow Stock Against Markets
Picking the right benchmark for Goodfellow stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Goodfellow stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Goodfellow is critical whether you are bullish or bearish towards Goodfellow at a given time. Please also check how Goodfellow's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goodfellow without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Goodfellow Corporate Executives
Elected by the shareholders, the Goodfellow's board of directors comprises two types of representatives: Goodfellow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodfellow. The board's role is to monitor Goodfellow's management team and ensure that shareholders' interests are well served. Goodfellow's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Goodfellow's outside directors are responsible for providing unbiased perspectives on the board's policies.
How to buy Goodfellow Stock?
Before investing in Goodfellow, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Goodfellow. To buy Goodfellow stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Goodfellow. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Goodfellow stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Goodfellow stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Goodfellow stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Goodfellow, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Goodfellow?
The danger of trading Goodfellow is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Goodfellow is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Goodfellow. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Goodfellow is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodfellow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Goodfellow Stock analysis
When running Goodfellow's price analysis, check to measure Goodfellow'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 Goodfellow is operating at the current time. Most of Goodfellow's value examination focuses on studying past and present price action to predict the probability of Goodfellow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodfellow's price. Additionally, you may evaluate how the addition of Goodfellow to your portfolios can decrease your overall portfolio volatility.
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