Bridgford Foods Stock Forecast - Simple Exponential Smoothing

BRID Stock  USD 10.28  0.08  0.77%   
The Simple Exponential Smoothing forecasted value of Bridgford Foods on the next trading day is expected to be 10.24 with a mean absolute deviation of 0.14 and the sum of the absolute errors of 8.20. Bridgford Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bridgford Foods stock prices and determine the direction of Bridgford Foods's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bridgford Foods' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Bridgford Foods' Fixed Asset Turnover is projected to slightly decrease based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 2.42, whereas Payables Turnover is forecasted to decline to 14.33. . The current year's Common Stock Shares Outstanding is expected to grow to about 8.4 M. The current year's Net Income Applicable To Common Shares is expected to grow to about 54.4 M.
Bridgford Foods simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Bridgford Foods are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Bridgford Foods prices get older.

Bridgford Foods Simple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Bridgford Foods on the next trading day is expected to be 10.24 with a mean absolute deviation of 0.14, mean absolute percentage error of 0.03, and the sum of the absolute errors of 8.20.
Please note that although there have been many attempts to predict Bridgford Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bridgford Foods' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Bridgford Foods Stock Forecast Pattern

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Bridgford Foods Forecasted Value

In the context of forecasting Bridgford Foods' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Bridgford Foods' downside and upside margins for the forecasting period are 8.23 and 12.25, respectively. We have considered Bridgford Foods' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
10.28
10.24
Expected Value
12.25
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Bridgford Foods stock data series using in forecasting. Note that when a statistical model is used to represent Bridgford Foods stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria112.8579
BiasArithmetic mean of the errors -0.0242
MADMean absolute deviation0.1367
MAPEMean absolute percentage error0.0148
SAESum of the absolute errors8.202
This simple exponential smoothing model begins by setting Bridgford Foods forecast for the second period equal to the observation of the first period. In other words, recent Bridgford Foods observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bridgford Foods

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bridgford Foods. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
8.3110.3212.33
Details
Intrinsic
Valuation
LowRealHigh
7.419.4211.43
Details
0 Analysts
Consensus
LowTargetHigh
7.227.938.80
Details

Other Forecasting Options for Bridgford Foods

For every potential investor in Bridgford, whether a beginner or expert, Bridgford Foods' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bridgford Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bridgford. Basic forecasting techniques help filter out the noise by identifying Bridgford Foods' price trends.

Bridgford Foods Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bridgford Foods stock to make a market-neutral strategy. Peer analysis of Bridgford Foods could also be used in its relative valuation, which is a method of valuing Bridgford Foods by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Bridgford Foods Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bridgford Foods' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bridgford Foods' current price.

Bridgford Foods Market Strength Events

Market strength indicators help investors to evaluate how Bridgford Foods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bridgford Foods shares will generate the highest return on investment. By undertsting and applying Bridgford Foods stock market strength indicators, traders can identify Bridgford Foods entry and exit signals to maximize returns.

Bridgford Foods Risk Indicators

The analysis of Bridgford Foods' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bridgford Foods' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bridgford stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Bridgford Foods is a strong investment it is important to analyze Bridgford Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bridgford Foods' future performance. For an informed investment choice regarding Bridgford Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of Bridgford Foods to cross-verify your projections.
For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Packaged Foods & Meats space 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
(0.11)
Revenue Per Share
25.53
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.01)
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.