Bridgestone Stock Price on August 16, 2024
BRDCF Stock | USD 32.66 0.15 0.46% |
If you're considering investing in Bridgestone Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Bridgestone stands at 32.66, as last reported on the 30th of November, with the highest price reaching 32.66 and the lowest price hitting 32.66 during the day. Bridgestone secures Sharpe Ratio (or Efficiency) of -0.0034, which signifies that the company had a -0.0034% return per unit of risk over the last 3 months. Bridgestone exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridgestone's Standard Deviation of 5.42, insignificant risk adjusted performance, and Mean Deviation of 3.71 to double-check the risk estimate we provide.
Bridgestone Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Bridgestone |
Sharpe Ratio = -0.0034
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Estimated Market Risk
5.37 actual daily | 47 53% of assets are more volatile |
Expected Return
-0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bridgestone 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 Bridgestone by adding Bridgestone to a well-diversified portfolio.
Related Headline
Autoliv Headline on 16th of August 2024
Disposition of 178 shares by Staffan Olsson of Autoliv subje... by Staffan Olsson
Filed transaction by Autoliv Officer Evp, Operations. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Bridgestone Valuation on August 16, 2024
It is possible to determine the worth of Bridgestone on a given historical date. On August 16, 2024 Bridgestone was worth 37.17 at the beginning of the trading date compared to the closed value of 41.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bridgestone pink sheet. Still, in general, we apply an absolute valuation method to find Bridgestone'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 Bridgestone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bridgestone's related companies.
Open | High | Low | Close | Volume | |
41.84 | 41.84 | 37.38 | 38.05 | 4,552 | |
08/16/2024 | 37.17 | 41.84 | 37.00 | 41.40 | 4,700 |
37.16 | 41.79 | 37.16 | 37.27 | 5,029 |
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Bridgestone Trading Date Momentum on August 16, 2024
On August 19 2024 Bridgestone was traded for 37.27 at the closing time. The highest daily price throughout the period was 41.79 and the lowest price was 37.16 . The daily volume was 5 K. The net trading volume on 08/19/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 9.98% . The overall trading delta to current closing price is 1.35% . |
Bridgestone Fundamentals Correlations and Trends
By evaluating Bridgestone'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 Bridgestone's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bridgestone financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bridgestone Pink Sheet history
Bridgestone 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 Bridgestone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bridgestone 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 Bridgestone stock prices may prove useful in developing a viable investing in Bridgestone
Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company was founded in 1931 and is headquartered in Tokyo, Japan. Bridgestone Corp operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 135636 people.
Bridgestone Pink Sheet Technical Analysis
Bridgestone technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Bridgestone Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Bridgestone cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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.
Bridgestone November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Bridgestone pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bridgestone shares will generate the highest return on investment. By undertsting and applying Bridgestone pink sheet market strength indicators, traders can identify Bridgestone entry and exit signals to maximize returns
Bridgestone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bridgestone's price direction in advance. Along with the technical and fundamental analysis of Bridgestone Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bridgestone 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) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (1.01) | |||
Treynor Ratio | 0.202 |
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Complementary Tools for Bridgestone Pink Sheet analysis
When running Bridgestone's price analysis, check to measure Bridgestone'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 Bridgestone is operating at the current time. Most of Bridgestone's value examination focuses on studying past and present price action to predict the probability of Bridgestone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgestone's price. Additionally, you may evaluate how the addition of Bridgestone to your portfolios can decrease your overall portfolio volatility.
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