Bid (South Africa) Market Value
| BID Stock | 45,824 17.00 0.04% |
| Symbol | Bid |
Bid '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 Bid's stock 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 Bid.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Bid on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bid Corporation or generate 0.0% return on investment in Bid over 30 days. Bid is related to or competes with Bytes Technology, HomeChoice Investments, Reinet Investments, and British Amer. More
Bid 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 Bid's stock 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 Bid Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.0143 | |||
| Maximum Drawdown | 9.32 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.46 |
Bid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bid's standard deviation. In reality, there are many statistical measures that can use Bid historical prices to predict the future Bid's volatility.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0347 | |||
| Total Risk Alpha | 0.0035 | |||
| Sortino Ratio | 0.0184 | |||
| Treynor Ratio | 0.1089 |
Bid Corporation Backtested Returns
At this point, Bid is very steady. Bid Corporation secures Sharpe Ratio (or Efficiency) of 0.087, which signifies that the company had a 0.087 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Bid Corporation, which you can use to evaluate the volatility of the firm. Please confirm Bid's risk adjusted performance of 0.0375, and Mean Deviation of 1.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Bid has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bid is expected to be smaller as well. Bid Corporation right now shows a risk of 1.41%. Please confirm Bid Corporation jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Bid Corporation will be following its price patterns.
Auto-correlation | 0.52 |
Modest predictability
Bid Corporation has modest predictability. Overlapping area represents the amount of predictability between Bid time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Bid Corporation price movement. The serial correlation of 0.52 indicates that about 52.0% of current Bid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 M |
Bid Corporation lagged returns against current returns
Autocorrelation, which is Bid stock'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 Bid's stock expected returns. We can calculate the autocorrelation of Bid returns to help us make a trade decision. For example, suppose you find that Bid has exhibited high autocorrelation historically, and you observe that the stock 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 |
Bid 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 Bid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bid stock over time.
Current vs Lagged Prices |
| Timeline |
Bid Lagged Returns
When evaluating Bid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bid stock have on its future price. Bid 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, Bid autocorrelation shows the relationship between Bid stock current value and its past values and can show if there is a momentum factor associated with investing in Bid Corporation.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Bid Stock
Bid financial ratios help investors to determine whether Bid Stock 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 Bid with respect to the benefits of owning Bid security.