Birks Group Stock Market Value
| BGI Stock | USD 1.61 0.20 11.05% |
| Symbol | Birks |
Birks Group Price To Book Ratio
Is Specialty Retail 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 Birks. If investors know Birks 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 Birks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.17) | Revenue Per Share 9.722 | Quarterly Revenue Growth 0.175 | Return On Assets 0.0038 | Return On Equity (5.89) |
The market value of Birks Group is measured differently than its book value, which is the value of Birks that is recorded on the company's balance sheet. Investors also form their own opinion of Birks' value that differs from its market value or its book value, called intrinsic value, which is Birks' 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 Birks' market value can be influenced by many factors that don't directly affect Birks' 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 Birks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Birks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Birks' 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.
Birks '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 Birks' 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 Birks.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Birks on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Birks Group or generate 0.0% return on investment in Birks over 30 days. Birks is related to or competes with Movado, MYT Netherlands, Envela Corp, Tapestry, Capri Holdings, Lanvin Group, and Fossil. Birks Group Inc. designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, ... More
Birks 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 Birks' 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 Birks Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (7.35) | |||
| Potential Upside | 2.34 |
Birks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Birks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Birks' standard deviation. In reality, there are many statistical measures that can use Birks historical prices to predict the future Birks' volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (2.35) |
Birks Group Backtested Returns
Birks Group secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Birks Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Birks' Standard Deviation of 2.88, mean deviation of 1.85, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Birks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Birks is expected to be smaller as well. At this point, Birks Group has a negative expected return of -0.74%. Please make sure to confirm Birks' value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Birks Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Birks Group has good predictability. Overlapping area represents the amount of predictability between Birks time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Birks Group price movement. The serial correlation of 0.71 indicates that around 71.0% of current Birks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Birks Group lagged returns against current returns
Autocorrelation, which is Birks 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 Birks' stock expected returns. We can calculate the autocorrelation of Birks returns to help us make a trade decision. For example, suppose you find that Birks 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 |
Birks 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 Birks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Birks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Birks stock over time.
Current vs Lagged Prices |
| Timeline |
Birks Lagged Returns
When evaluating Birks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Birks stock have on its future price. Birks 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, Birks autocorrelation shows the relationship between Birks stock current value and its past values and can show if there is a momentum factor associated with investing in Birks Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Birks Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Birks' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Birks Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Birks Group Stock:Check out Birks Correlation, Birks Volatility and Birks Alpha and Beta module to complement your research on Birks. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Birks 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.