Bridgestone Corp Adr Stock Market Value
| BRDCY Stock | USD 17.41 0.04 0.23% |
| Symbol | Bridgestone |
Bridgestone Corp '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 Bridgestone Corp's pink sheet 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 Bridgestone Corp.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Bridgestone Corp on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Bridgestone Corp ADR or generate 0.0% return on investment in Bridgestone Corp over 360 days. Bridgestone Corp is related to or competes with Continental, Compagnie Generale, Denso Corp, Subaru Corp, and Daiwa House. Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products More
Bridgestone Corp 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 Bridgestone Corp's pink sheet 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 Bridgestone Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.29 |
Bridgestone Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridgestone Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridgestone Corp's standard deviation. In reality, there are many statistical measures that can use Bridgestone Corp historical prices to predict the future Bridgestone Corp's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bridgestone Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bridgestone Corp ADR Backtested Returns
Bridgestone Corp ADR secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Bridgestone Corp ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bridgestone Corp's Mean Deviation of 0.8548, standard deviation of 1.11, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bridgestone Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridgestone Corp is expected to be smaller as well. At this point, Bridgestone Corp ADR has a negative expected return of -0.16%. Please make sure to confirm Bridgestone Corp's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Bridgestone Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Bridgestone Corp ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bridgestone Corp time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Bridgestone Corp ADR price movement. The serial correlation of -0.71 indicates that around 71.0% of current Bridgestone Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.04 |
Bridgestone Corp ADR lagged returns against current returns
Autocorrelation, which is Bridgestone Corp pink sheet'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 Bridgestone Corp's pink sheet expected returns. We can calculate the autocorrelation of Bridgestone Corp returns to help us make a trade decision. For example, suppose you find that Bridgestone Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bridgestone Corp 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 Bridgestone Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridgestone Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridgestone Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bridgestone Corp Lagged Returns
When evaluating Bridgestone Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridgestone Corp pink sheet have on its future price. Bridgestone Corp 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, Bridgestone Corp autocorrelation shows the relationship between Bridgestone Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bridgestone Corp ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Bridgestone Pink Sheet Analysis
When running Bridgestone Corp's price analysis, check to measure Bridgestone Corp'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 Corp is operating at the current time. Most of Bridgestone Corp's value examination focuses on studying past and present price action to predict the probability of Bridgestone Corp'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 Corp's price. Additionally, you may evaluate how the addition of Bridgestone Corp to your portfolios can decrease your overall portfolio volatility.