Bridgford Foods Stock Market Value
| BRID Stock | USD 10.78 0.21 1.99% |
| Symbol | Bridgford |
Bridgford Foods Price To Book Ratio
Is Bridgford Foods' 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 Bridgford Foods. If investors know Bridgford 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 Bridgford Foods 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 0.325 | Earnings Share 0.42 | Revenue Per Share 26.976 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0168 |
The market value of Bridgford Foods is measured differently than its book value, which is the value of Bridgford that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgford Foods' value that differs from its market value or its book value, called intrinsic value, which is Bridgford Foods' 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 Bridgford Foods' market value can be influenced by many factors that don't directly affect Bridgford Foods' 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 Bridgford Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgford Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgford Foods' 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.
Bridgford Foods '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 Bridgford Foods' stock 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 Bridgford Foods.
| 11/02/2022 |
| 04/25/2024 |
If you would invest 0.00 in Bridgford Foods on November 2, 2022 and sell it all today you would earn a total of 0.00 from holding Bridgford Foods or generate 0.0% return on investment in Bridgford Foods over 540 days. Bridgford Foods is related to or competes with Seneca Foods, J J, Central Garden, Central Garden, Lancaster Colony, Treehouse Foods, and John B. Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated... More
Bridgford Foods 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 Bridgford Foods' stock 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 Bridgford Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.64 |
Bridgford Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridgford Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridgford Foods' standard deviation. In reality, there are many statistical measures that can use Bridgford Foods historical prices to predict the future Bridgford Foods' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bridgford Foods' 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.
Bridgford Foods Backtested Returns
Bridgford Foods secures Sharpe Ratio (or Efficiency) of -0.0091, which signifies that the company had a -0.0091% return per unit of risk over the last 3 months. Bridgford Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridgford Foods' Standard Deviation of 1.52, mean deviation of 1.02, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0653, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bridgford Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridgford Foods is expected to be smaller as well. Bridgford Foods has an expected return of -0.0139%. Please make sure to confirm Bridgford Foods kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Bridgford Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Bridgford Foods has poor reverse predictability. Overlapping area represents the amount of predictability between Bridgford Foods time series from 2nd of November 2022 to 30th of July 2023 and 30th of July 2023 to 25th 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 Bridgford Foods price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Bridgford Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Bridgford Foods lagged returns against current returns
Autocorrelation, which is Bridgford Foods stock'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 Bridgford Foods' stock expected returns. We can calculate the autocorrelation of Bridgford Foods returns to help us make a trade decision. For example, suppose you find that Bridgford Foods has exhibited high autocorrelation historically, and you observe that the stock 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 |
Bridgford Foods 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 Bridgford Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridgford Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridgford Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Bridgford Foods Lagged Returns
When evaluating Bridgford Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridgford Foods stock have on its future price. Bridgford Foods 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, Bridgford Foods autocorrelation shows the relationship between Bridgford Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Bridgford Foods.
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 Bridgford Foods 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, Bridgford Foods' short interest history, or implied volatility extrapolated from Bridgford Foods options trading.
Pair Trading with Bridgford Foods
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 Bridgford Foods 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 Bridgford Foods will appreciate offsetting losses from the drop in the long position's value.Moving against Bridgford Stock
| 0.49 | DLTR | Dollar Tree Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Bridgford Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgford Foods 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 Bridgford Foods - 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 Bridgford Foods to buy it.
The correlation of Bridgford Foods 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 Bridgford Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgford Foods 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 Bridgford Foods 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 Bridgford Foods Correlation, Bridgford Foods Volatility and Bridgford Foods Alpha and Beta module to complement your research on Bridgford Foods. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Bridgford Stock analysis
When running Bridgford Foods' price analysis, check to measure Bridgford Foods' 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 Bridgford Foods is operating at the current time. Most of Bridgford Foods' value examination focuses on studying past and present price action to predict the probability of Bridgford Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgford Foods' price. Additionally, you may evaluate how the addition of Bridgford Foods to your portfolios can decrease your overall portfolio volatility.
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Bridgford Foods 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.