Bridgestone Stock Market Value
| BRDCF Stock | USD 42.83 0.12 0.28% |
| Symbol | Bridgestone |
Bridgestone '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 Bridgestone'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 Bridgestone.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Bridgestone on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding Bridgestone or generate 0.0% return on investment in Bridgestone over 690 days. Bridgestone is related to or competes with Compagnie Gnrale, Continental, Bridgestone Corp, Continental Aktiengesellscha, Douglas Dynamics, BorgWarner, and American Axle. Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products More
Bridgestone 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 Bridgestone'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 Bridgestone upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.44 | |||
| Value At Risk | (0.67) | |||
| Potential Upside | 1.08 |
Bridgestone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridgestone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridgestone's standard deviation. In reality, there are many statistical measures that can use Bridgestone historical prices to predict the future Bridgestone's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.8971 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bridgestone'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.
Bridgestone Backtested Returns
Bridgestone secures Sharpe Ratio (or Efficiency) of -0.0288, which signifies that the company had a -0.0288% return per unit of risk over the last 3 months. Bridgestone exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridgestone's Standard Deviation of 0.9346, mean deviation of 0.3253, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0412, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bridgestone are expected to decrease at a much lower rate. During the bear market, Bridgestone is likely to outperform the market. Bridgestone has an expected return of -0.027%. Please make sure to confirm Bridgestone total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Bridgestone performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Bridgestone has modest predictability. Overlapping area represents the amount of predictability between Bridgestone time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 to 19th 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 Bridgestone price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Bridgestone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 4.72 |
Bridgestone lagged returns against current returns
Autocorrelation, which is Bridgestone 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 Bridgestone's pink sheet expected returns. We can calculate the autocorrelation of Bridgestone returns to help us make a trade decision. For example, suppose you find that Bridgestone 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 |
Bridgestone 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 Bridgestone pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridgestone pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridgestone pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bridgestone Lagged Returns
When evaluating Bridgestone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridgestone pink sheet have on its future price. Bridgestone 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, Bridgestone autocorrelation shows the relationship between Bridgestone pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bridgestone.
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 Bridgestone 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, Bridgestone's short interest history, or implied volatility extrapolated from Bridgestone options trading.
Check out Bridgestone Correlation, Bridgestone Volatility and Bridgestone Alpha and Beta module to complement your research on Bridgestone. Note that the Bridgestone information on this page should be used as a complementary analysis to other Bridgestone'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Bridgestone Pink Sheet analysis
When running Bridgestone's price analysis, check to measure Bridgestone'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 Bridgestone is operating at the current time. Most of Bridgestone's value examination focuses on studying past and present price action to predict the probability of Bridgestone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgestone's price. Additionally, you may evaluate how the addition of Bridgestone to your portfolios can decrease your overall portfolio volatility.
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Bridgestone 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.