Bridgeline Digital Stock Market Value
| BLIN Stock | USD 1.12 0.02 1.82% |
| Symbol | Bridgeline |
Bridgeline Digital Price To Book Ratio
Is Application Software 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 Bridgeline Digital. If investors know Bridgeline 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 Bridgeline Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.125 | Earnings Share (0.93) | Revenue Per Share 1.468 | Quarterly Revenue Growth 0.007 | Return On Assets (0.07) |
The market value of Bridgeline Digital is measured differently than its book value, which is the value of Bridgeline that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgeline Digital's value that differs from its market value or its book value, called intrinsic value, which is Bridgeline Digital's 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 Bridgeline Digital's market value can be influenced by many factors that don't directly affect Bridgeline Digital's 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 Bridgeline Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgeline Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgeline Digital's 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.
Bridgeline Digital '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 Bridgeline Digital's 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 Bridgeline Digital.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Bridgeline Digital on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Bridgeline Digital or generate 0.0% return on investment in Bridgeline Digital over 720 days. Bridgeline Digital is related to or competes with GigaCloud Technology, Arqit Quantum, Telos Corp, Cemtrex, AuthID, Datasea, and Priority Technology. Bridgeline Digital, Inc. operates as a digital engagement company in the United States More
Bridgeline Digital 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 Bridgeline Digital's 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 Bridgeline Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 18.09 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 5.5 |
Bridgeline Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridgeline Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridgeline Digital's standard deviation. In reality, there are many statistical measures that can use Bridgeline Digital historical prices to predict the future Bridgeline Digital's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.4587 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0982 | |||
| Treynor Ratio | (0.61) |
Bridgeline Digital Backtested Returns
Bridgeline Digital appears to be very risky, given 3 months investment horizon. Bridgeline Digital secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bridgeline Digital, which you can use to evaluate the volatility of the firm. Please makes use of Bridgeline Digital's Risk Adjusted Performance of 0.1072, mean deviation of 2.17, and Downside Deviation of 2.67 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bridgeline Digital holds a performance score of 9. The firm shows a Beta (market volatility) of -0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bridgeline Digital are expected to decrease at a much lower rate. During the bear market, Bridgeline Digital is likely to outperform the market. Please check Bridgeline Digital's kurtosis, day typical price, as well as the relationship between the potential upside and total risk alpha , to make a quick decision on whether Bridgeline Digital's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Bridgeline Digital has very good reverse predictability. Overlapping area represents the amount of predictability between Bridgeline Digital time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Bridgeline Digital price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Bridgeline Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Bridgeline Digital lagged returns against current returns
Autocorrelation, which is Bridgeline Digital 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 Bridgeline Digital's stock expected returns. We can calculate the autocorrelation of Bridgeline Digital returns to help us make a trade decision. For example, suppose you find that Bridgeline Digital 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 |
Bridgeline Digital 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 Bridgeline Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridgeline Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridgeline Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Bridgeline Digital Lagged Returns
When evaluating Bridgeline Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridgeline Digital stock have on its future price. Bridgeline Digital 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, Bridgeline Digital autocorrelation shows the relationship between Bridgeline Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Bridgeline Digital.
Regressed Prices |
| Timeline |
Pair Trading with Bridgeline Digital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bridgeline Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bridgeline Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Bridgeline Stock
Moving against Bridgeline Stock
The ability to find closely correlated positions to Bridgeline Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgeline Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bridgeline Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bridgeline Digital to buy it.
The correlation of Bridgeline Digital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bridgeline Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgeline Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bridgeline Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bridgeline Digital Correlation, Bridgeline Digital Volatility and Bridgeline Digital Alpha and Beta module to complement your research on Bridgeline Digital. To learn how to invest in Bridgeline Stock, please use our How to Invest in Bridgeline Digital guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Bridgeline Digital 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.