Bid (South Africa) Price on February 16, 2023
| BID Stock | 44,687 159.00 0.35% |
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 44,687, as last reported on the 23rd of November, with the highest price reaching 45,164 and the lowest price hitting 44,542 during the day. At this point, Bid is very steady. Bid Corporation secures Sharpe Ratio (or Efficiency) of 0.0837, which signifies that the company had a 0.0837% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Bid Corporation, which you can use to evaluate the volatility of the firm. Please confirm Bid's mean deviation of 1.01, and Risk Adjusted Performance of 0.0362 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
Bid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bid |
Sharpe Ratio = 0.0837
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | BID | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Bid is performing at about 6% of its full potential. 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 it to a well-diversified portfolio.
Bid Valuation on February 16, 2023
It is possible to determine the worth of Bid on a given historical date. On February 16, 2023 Bid was worth 38783.59 at the beginning of the trading date compared to the closed value of 38209.86. 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 | |
| 38,895 | 38,954 | 38,362 | 38,492 | 858,589 | |
02/16/2023 | 38,784 | 38,800 | 38,006 | 38,210 | 972,632 |
| 37,956 | 38,068 | 37,357 | 37,617 | 991,243 |
| Backtest Bid | | | Bid History | | | Bid Valuation | Previous | Next |
Bid Trading Date Momentum on February 16, 2023
| On February 17 2023 Bid Corporation was traded for 37,617 at the closing time. The highest price during the trading period was 38,068 and the lowest recorded bid was listed for 37,357 . The volume for the day was 991.2 K. This history from February 17, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.55% . The overall trading delta to the current price is 1.67% . |
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.
Price Boundaries
Bid Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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 23, 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.
| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0355 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.3998 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |