Bridgford Foods Stock Probability of Future Stock Price Finishing Under 36.45
| BRID Stock | USD 10.57 0.11 1.05% |
Bridgford |
Bridgford Foods Target Price Odds to finish below 36.45
The tendency of Bridgford Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 36.45 after 90 days |
| 10.57 | 90 days | 36.45 | close to 99 |
Based on a normal probability distribution, the odds of Bridgford Foods to stay under $ 36.45 after 90 days from now is close to 99 (This Bridgford Foods probability density function shows the probability of Bridgford Stock to fall within a particular range of prices over 90 days) . Probability of Bridgford Foods price to stay between its current price of $ 10.57 and $ 36.45 at the end of the 90-day period is about 82.41 .
Given the investment horizon of 90 days Bridgford Foods has a beta of 0.0653 suggesting as returns on the market go up, Bridgford Foods average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bridgford Foods will be expected to be much smaller as well. Additionally Bridgford Foods has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Bridgford Foods Price Density |
| Price |
Predictive Modules for Bridgford Foods
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bridgford Foods. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bridgford Foods' 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.
Bridgford Foods Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bridgford Foods is not an exception. The market had few large corrections towards the Bridgford Foods' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Bridgford Foods, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bridgford Foods within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.08 | |
β | Beta against NYSE Composite | 0.07 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.11 |
Bridgford Foods Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Bridgford Foods for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bridgford Foods can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bridgford Foods generated a negative expected return over the last 90 days | |
| About 81.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Are Bridgford Foods Corporations Returns On Capital Worth Investigating - Yahoo Movies Canada |
Bridgford Foods Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Bridgford Stock often depends not only on the future outlook of the current and potential Bridgford Foods' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bridgford Foods' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.1 M | |
| Cash And Short Term Investments | 15.7 M |
Bridgford Foods Technical Analysis
Bridgford Foods' future price can be derived by breaking down and analyzing its technical indicators over time. Bridgford Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bridgford Foods. In general, you should focus on analyzing Bridgford Stock price patterns and their correlations with different microeconomic environments and drivers.
Bridgford Foods Predictive Forecast Models
Bridgford Foods' time-series forecasting models is one of many Bridgford Foods' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Bridgford Foods' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Bridgford Foods
Checking the ongoing alerts about Bridgford Foods for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bridgford Foods help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bridgford Foods generated a negative expected return over the last 90 days | |
| About 81.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Are Bridgford Foods Corporations Returns On Capital Worth Investigating - Yahoo Movies Canada |
Check out Bridgford Foods Backtesting, Bridgford Foods Valuation, Bridgford Foods Correlation, Bridgford Foods Hype Analysis, Bridgford Foods Volatility, Bridgford Foods History as well as Bridgford Foods Performance. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Bridgford Stock analysis
When running Bridgford Foods' price analysis, check to measure Bridgford Foods' 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 Bridgford Foods is operating at the current time. Most of Bridgford Foods' value examination focuses on studying past and present price action to predict the probability of Bridgford Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgford Foods' price. Additionally, you may evaluate how the addition of Bridgford Foods to your portfolios can decrease your overall portfolio volatility.
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| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |
Is Bridgford Foods' industry 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 Bridgford Foods. If investors know Bridgford 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 Bridgford Foods 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 0.325 | Earnings Share 0.42 | Revenue Per Share 26.976 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0168 |
The market value of Bridgford Foods is measured differently than its book value, which is the value of Bridgford that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgford Foods' value that differs from its market value or its book value, called intrinsic value, which is Bridgford Foods' 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 Bridgford Foods' market value can be influenced by many factors that don't directly affect Bridgford Foods' 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 Bridgford Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgford Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgford Foods' 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.