Bid (South Africa) Price on June 20, 2024
BID Stock | 44,659 406.00 0.92% |
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 44,659, as last reported on the 27th of November, with the highest price reaching 44,810 and the lowest price hitting 43,911 during the day. Bid Corporation secures Sharpe Ratio (or Efficiency) of -0.0206, which signifies that the company had a -0.0206% return per unit of standard deviation over the last 3 months. Bid Corporation exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bid's mean deviation of 1.02, and Risk Adjusted Performance of 0.0283 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.
Bid |
Sharpe Ratio = -0.0206
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Estimated Market Risk
1.25 actual daily | 11 89% of assets are more volatile |
Expected Return
-0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 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 June 20, 2024
It is possible to determine the worth of Bid on a given historical date. On June 20, 2024 Bid was worth 42695.54 at the beginning of the trading date compared to the closed value of 42445.57. 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 | |
41,554 | 43,072 | 41,372 | 42,745 | 1,475,777 | |
06/20/2024 | 42,696 | 43,044 | 42,075 | 42,446 | 2,716,517 |
41,496 | 42,864 | 41,496 | 42,066 | 2,129,946 |
Backtest Bid | | | Bid History | | | Bid Valuation | Previous | Next |
Bid Trading Date Momentum on June 20, 2024
On June 21 2024 Bid Corporation was traded for 42,066 at the closing time. The highest price during the trading period was 42,864 and the lowest recorded bid was listed for 41,496 . The volume for the day was 2.1 M. This history from June 21, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.90% . The overall trading delta to the current price is 1.48% . |
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 27, 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 27, 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 | 0.0283 | |||
Jensen Alpha | 0.0232 | |||
Total Risk Alpha | (0.20) | |||
Sortino Ratio | (0.07) | |||
Treynor Ratio | 0.3386 |
Cycle Indicators | ||
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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.
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