Bridges Capital Tactical Etf Market Value
| BDGS Etf | 31.20 0.53 1.73% |
| Symbol | Bridges |
The market value of Bridges Capital Tactical is measured differently than its book value, which is the value of Bridges that is recorded on the company's balance sheet. Investors also form their own opinion of Bridges Capital's value that differs from its market value or its book value, called intrinsic value, which is Bridges Capital's 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 Bridges Capital's market value can be influenced by many factors that don't directly affect Bridges Capital's 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 Bridges Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridges Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridges Capital's 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.
Bridges Capital '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 Bridges Capital's etf 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 Bridges Capital.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Bridges Capital on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bridges Capital Tactical or generate 0.0% return on investment in Bridges Capital over 90 days. Bridges Capital is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. Bridges Capital is entity of United States More
Bridges Capital 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 Bridges Capital's etf 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 Bridges Capital Tactical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 0.9488 |
Bridges Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridges Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridges Capital's standard deviation. In reality, there are many statistical measures that can use Bridges Capital historical prices to predict the future Bridges Capital's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | 0.0535 | |||
| Treynor Ratio | (0.05) |
Bridges Capital Tactical Backtested Returns
Bridges Capital Tactical secures Sharpe Ratio (or Efficiency) of -0.0539, which signifies that the etf had a -0.0539 % return per unit of risk over the last 3 months. Bridges Capital Tactical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridges Capital's Standard Deviation of 0.6447, risk adjusted performance of (0.03), and Mean Deviation of 0.4265 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bridges Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridges Capital is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Bridges Capital Tactical has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bridges Capital time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bridges Capital Tactical price movement. The serial correlation of -0.74 indicates that around 74.0% of current Bridges Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Bridges Capital Tactical lagged returns against current returns
Autocorrelation, which is Bridges Capital etf'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 Bridges Capital's etf expected returns. We can calculate the autocorrelation of Bridges Capital returns to help us make a trade decision. For example, suppose you find that Bridges Capital has exhibited high autocorrelation historically, and you observe that the etf 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 |
Bridges Capital 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 Bridges Capital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridges Capital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridges Capital etf over time.
Current vs Lagged Prices |
| Timeline |
Bridges Capital Lagged Returns
When evaluating Bridges Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridges Capital etf have on its future price. Bridges Capital 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, Bridges Capital autocorrelation shows the relationship between Bridges Capital etf current value and its past values and can show if there is a momentum factor associated with investing in Bridges Capital Tactical.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Bridges Capital Correlation, Bridges Capital Volatility and Bridges Capital Alpha and Beta module to complement your research on Bridges Capital. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Bridges Capital technical etf 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, etf market cycles, or different charting patterns.