Bid (South Africa) Technical Analysis
| BID Stock | 44,253 434.00 0.97% |
As of the 26th of November, Bid shows the risk adjusted performance of 0.0283, and Mean Deviation of 1.02. Bid Corporation technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bid Corporation variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to decide if Bid Corporation is priced correctly, providing market reflects its regular price of 44253.0 per share.
Bid Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bid, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BidBid |
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.
Bid Corporation Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Bid Corporation volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bid Corporation Trend Analysis
Use this graph to draw trend lines for Bid Corporation. You can use it to identify possible trend reversals for Bid as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bid price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bid Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bid Corporation applied against its price change over selected period. The best fit line has a slop of 11.05 , which may suggest that Bid Corporation market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4617670.8, which is the sum of squared deviations for the predicted Bid price change compared to its average price change.About Bid Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Bid Corporation on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Bid Corporation based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bid Corporation price pattern first instead of the macroeconomic environment surrounding Bid Corporation. By analyzing Bid's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Bid's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Bid specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bid November 26, 2024 Technical Indicators
Most technical analysis of Bid help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Bid from various momentum indicators to cycle indicators. When you analyze Bid charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0283 | |||
| Market Risk Adjusted Performance | 0.3486 | |||
| Mean Deviation | 1.02 | |||
| Semi Deviation | 1.13 | |||
| Downside Deviation | 1.2 | |||
| Coefficient Of Variation | 3270.81 | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3386 | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.46 | |||
| Downside Variance | 1.44 | |||
| Semi Variance | 1.27 | |||
| Expected Short fall | (1.16) | |||
| Skewness | 1.34 | |||
| Kurtosis | 4.53 |
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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