Bird Construction Stock Market Value
| BIRDF Stock | USD 13.46 0.53 3.79% |
| Symbol | Bird |
Bird Construction 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bird Construction's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bird Construction.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Bird Construction on February 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bird Construction or generate 0.0% return on investment in Bird Construction over 60 days. Bird Construction is related to or competes with Bank Mandiri, Bank Mandiri, PT Bank, Bank Rakyat, Bank Central, PT Bank, and Bank Negara. Bird Construction Inc. operates as a general contractor in Canada More
Bird Construction Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bird Construction's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bird Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.1822 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.03 |
Bird Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bird Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bird Construction's standard deviation. In reality, there are many statistical measures that can use Bird Construction historical prices to predict the future Bird Construction's volatility.| Risk Adjusted Performance | 0.1421 | |||
| Jensen Alpha | 0.3432 | |||
| Total Risk Alpha | 0.234 | |||
| Sortino Ratio | 0.1882 | |||
| Treynor Ratio | 0.4448 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bird Construction'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.
Bird Construction Backtested Returns
Bird Construction appears to be not too volatile, given 3 months investment horizon. Bird Construction secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bird Construction, which you can use to evaluate the volatility of the firm. Please makes use of Bird Construction's Mean Deviation of 1.25, risk adjusted performance of 0.1421, and Downside Deviation of 1.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bird Construction holds a performance score of 17. The firm shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Bird Construction returns are very sensitive to returns on the market. As the market goes up or down, Bird Construction is expected to follow. Please check Bird Construction's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Bird Construction's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Bird Construction has below average predictability. Overlapping area represents the amount of predictability between Bird Construction time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bird Construction price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Bird Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Bird Construction lagged returns against current returns
Autocorrelation, which is Bird Construction pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bird Construction's pink sheet expected returns. We can calculate the autocorrelation of Bird Construction returns to help us make a trade decision. For example, suppose you find that Bird Construction has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bird Construction regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bird Construction pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bird Construction pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bird Construction pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bird Construction Lagged Returns
When evaluating Bird Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bird Construction pink sheet have on its future price. Bird Construction autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bird Construction autocorrelation shows the relationship between Bird Construction pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bird Construction.
Regressed Prices |
| Timeline |
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 Bird Construction 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, Bird Construction's short interest history, or implied volatility extrapolated from Bird Construction options trading.
Pair Trading with Bird Construction
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bird Construction position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bird Construction will appreciate offsetting losses from the drop in the long position's value.Moving together with Bird Pink Sheet
| 0.84 | NDEKY | Nitto Denko Corp | PairCorr |
Moving against Bird Pink Sheet
| 0.87 | BA | Boeing Report 24th of April 2024 | PairCorr |
| 0.66 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.48 | JNJ | Johnson Johnson Earnings Call Today | PairCorr |
| 0.46 | FMCB | Farmers Merchants Bancorp Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Bird Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bird Construction when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bird Construction - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bird Construction to buy it.
The correlation of Bird Construction is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bird Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bird Construction moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bird Construction can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bird Construction Correlation, Bird Construction Volatility and Bird Construction Alpha and Beta module to complement your research on Bird Construction. Note that the Bird Construction information on this page should be used as a complementary analysis to other Bird Construction's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Bird Pink Sheet analysis
When running Bird Construction's price analysis, check to measure Bird Construction'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 Bird Construction is operating at the current time. Most of Bird Construction's value examination focuses on studying past and present price action to predict the probability of Bird Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bird Construction's price. Additionally, you may evaluate how the addition of Bird Construction to your portfolios can decrease your overall portfolio volatility.
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Bird Construction technical pink sheet 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, pink sheet market cycles, or different charting patterns.