Bridgestone Stock Market Value
| BRDCF Stock | USD 35.89 3.34 10.26% |
| 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.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in Bridgestone on June 27, 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 180 days. Bridgestone is related to or competes with BKV, Republic Bancorp, KKR Co, Obayashi, RCM Technologies, Fast Retailing, and PSQ Holdings. 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 | 6.0 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 25.91 | |||
| Value At Risk | (9.91) | |||
| Potential Upside | 11.84 |
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 | 0.0265 | |||
| Jensen Alpha | 0.1126 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | (2.08) |
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
At this point, Bridgestone is not too volatile. Bridgestone secures Sharpe Ratio (or Efficiency) of 0.0034, which signifies that the company had a 0.0034% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bridgestone, which you can use to evaluate the volatility of the firm. Please confirm Bridgestone's Risk Adjusted Performance of 0.0265, downside deviation of 6.0, and Mean Deviation of 3.32 to double-check if the risk estimate we provide is consistent with the expected return of 0.0184%. The firm shows a Beta (market volatility) of -0.0535, 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 right now shows a risk of 5.35%. Please confirm Bridgestone information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Bridgestone will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Bridgestone has insignificant predictability. Overlapping area represents the amount of predictability between Bridgestone time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th of December 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 0.1 indicates that less than 10.0% of current Bridgestone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 4.66 |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Bridgestone Pink Sheet
Bridgestone financial ratios help investors to determine whether Bridgestone Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bridgestone with respect to the benefits of owning Bridgestone security.