Bridgestone Stock Market Value
BRDCF Stock | USD 42.95 0.17 0.39% |
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.
01/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Bridgestone on January 18, 2024 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 90 days. Bridgestone is related to or competes with Allison Transmission, Luminar Technologies, Quantumscape Corp, Lear, BorgWarner, Autoliv, and Fox Factory. 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.
Downside Deviation | 2.07 | |||
Information Ratio | 0.0685 | |||
Maximum Drawdown | 19.45 | |||
Value At Risk | (0.67) | |||
Potential Upside | 1.34 |
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 | 0.0687 | |||
Jensen Alpha | 0.1778 | |||
Total Risk Alpha | 0.033 | |||
Sortino Ratio | 0.065 | |||
Treynor Ratio | 1.97 |
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 appears to be very steady, given 3 months investment horizon. Bridgestone secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bridgestone, which you can use to evaluate the volatility of the firm. Please makes use of Bridgestone's Risk Adjusted Performance of 0.0687, mean deviation of 0.6548, and Downside Deviation of 2.07 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bridgestone holds a performance score of 7. The firm shows a Beta (market volatility) of 0.0924, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bridgestone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridgestone is expected to be smaller as well. Please check Bridgestone's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Bridgestone's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Bridgestone has virtually no predictability. Overlapping area represents the amount of predictability between Bridgestone time series from 18th of January 2024 to 3rd of March 2024 and 3rd of March 2024 to 17th 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 0.02 indicates that only 2.0% of current Bridgestone price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.02 | |
Spearman Rank Test | -0.49 | |
Residual Average | 0.0 | |
Price Variance | 0.56 |
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.
Pair Trading with Bridgestone
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 Bridgestone 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 Bridgestone will appreciate offsetting losses from the drop in the long position's value.Moving against Bridgestone Pink Sheet
0.57 | PTAIY | Astra International Tbk Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bridgestone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgestone 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 Bridgestone - 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 Bridgestone to buy it.
The correlation of Bridgestone 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 Bridgestone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgestone 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 Bridgestone 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 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.