Bid (South Africa) Price on February 2, 2023

BID Stock   44,121  211.00  0.48%   
If you're considering investing in Bid Stock, it is important to understand the factors that can impact its price. As of today, the current price of Bid stands at 44,121, as last reported on the 30th of November, with the highest price reaching 44,443 and the lowest price hitting 43,908 during the day. Bid Corporation secures Sharpe Ratio (or Efficiency) of -0.006, which signifies that the company had a -0.006% return per unit of standard deviation over the last 3 months. Bid Corporation exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bid's mean deviation of 0.8976, and Risk Adjusted Performance of 0.0158 to double-check the risk estimate we provide.
  
Bid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.006

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Estimated Market Risk

 1.23
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Bid is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bid by adding Bid to a well-diversified portfolio.

Bid Valuation on February 2, 2023

It is possible to determine the worth of Bid on a given historical date. On February 2, 2023 Bid was worth 38421.76 at the beginning of the trading date compared to the closed value of 38776.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bid stock. Still, in general, we apply an absolute valuation method to find Bid's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bid where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bid's related companies.
 Open High Low Close Volume
  36,182    39,842    36,182    38,186    3,784,927  
02/02/2023
  38,422    39,006    37,806    38,777    1,824,028  
  38,777    39,129    38,364    38,922    1,516,723  
Backtest Bid  |  Bid History  |  Bid Valuation   PreviousNext  
Open Value
38421.76
38,418
Downside
38776.59
Closing Value
38,425
Upside

Bid Trading Date Momentum on February 2, 2023

On February 03 2023 Bid Corporation was traded for  38,922  at the closing time. The highest price during the trading period was 39,129  and the lowest recorded bid was listed for  38,364 . The volume for the day was 1.5 M. This history from February 3, 2023 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.37% . The overall trading delta to the current price is 1.53% .

Bid Corporation Fundamentals Correlations and Trends

By evaluating Bid's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bid's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bid financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Bid Stock history

Bid investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bid is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bid Corporation will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bid stock prices may prove useful in developing a viable investing in Bid

Bid Stock Technical Analysis

Bid 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.
A focus of Bid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Bid Period Price Range

Low
November 30, 2024
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High

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Bid Corporation cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Bid November 30, 2024 Market Strength

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

Bid Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Bid's price direction in advance. Along with the technical and fundamental analysis of Bid Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bid to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Bid Stock analysis

When running Bid's price analysis, check to measure Bid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bid is operating at the current time. Most of Bid's value examination focuses on studying past and present price action to predict the probability of Bid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bid's price. Additionally, you may evaluate how the addition of Bid to your portfolios can decrease your overall portfolio volatility.
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