Bridgford Foods Stock Market Value
| BRID Stock | USD 9.07 0.19 2.05% |
| Symbol | Bridgford |
Bridgford Foods Price To Book Ratio
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.
Bridgford Foods '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 Bridgford Foods' 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 Bridgford Foods.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bridgford Foods on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bridgford Foods or generate 0.0% return on investment in Bridgford Foods over 180 days. Bridgford Foods is related to or competes with Seneca Foods, J J, Central Garden, Central Garden, Lancaster Colony, Treehouse Foods, and John B. Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated... More
Bridgford Foods 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 Bridgford Foods' 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 Bridgford Foods upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 24.74 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 4.07 |
Bridgford Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridgford Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridgford Foods' standard deviation. In reality, there are many statistical measures that can use Bridgford Foods historical prices to predict the future Bridgford Foods' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (1.01) |
Bridgford Foods Backtested Returns
Bridgford Foods secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Bridgford Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridgford Foods' Standard Deviation of 3.34, risk adjusted performance of (0.09), and Mean Deviation of 2.11 to double-check the risk estimate we provide. 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, Bridgford Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridgford Foods is expected to be smaller as well. At this point, Bridgford Foods has a negative expected return of -0.47%. Please make sure to confirm Bridgford Foods' kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Bridgford Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Bridgford Foods has virtually no predictability. Overlapping area represents the amount of predictability between Bridgford Foods time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Bridgford Foods price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Bridgford Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Bridgford Foods lagged returns against current returns
Autocorrelation, which is Bridgford Foods 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 Bridgford Foods' stock expected returns. We can calculate the autocorrelation of Bridgford Foods returns to help us make a trade decision. For example, suppose you find that Bridgford Foods 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 |
Bridgford Foods 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 Bridgford Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridgford Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridgford Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Bridgford Foods Lagged Returns
When evaluating Bridgford Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridgford Foods stock have on its future price. Bridgford Foods 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, Bridgford Foods autocorrelation shows the relationship between Bridgford Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Bridgford Foods.
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.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 Bridgford Foods Correlation, Bridgford Foods Volatility and Bridgford Foods Alpha and Beta module to complement your research on Bridgford Foods. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Bridgford Foods technical stock 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, stock market cycles, or different charting patterns.