Blue Bird Corp Stock Statistic Functions Pearson Correlation Coefficient

BLBD Stock  USD 37.85  1.20  3.27%   
Blue Bird statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Blue Bird. Blue Bird value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Blue Bird statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Blue Bird Corp and its benchmark or peer.

Blue Bird Technical Analysis Modules

Most technical analysis of Blue Bird 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 Blue from various momentum indicators to cycle indicators. When you analyze Blue charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Blue Bird Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Blue Bird Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Blue Bird Corp based on widely used predictive technical indicators. In general, we focus on analyzing Blue Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Blue Bird's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Blue Bird's intrinsic value. In addition to deriving basic predictive indicators for Blue Bird, we also check how macroeconomic factors affect Blue Bird price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2016 2023 2024 (projected)
Dividend Yield0.0020750.0018790.001785
Price To Sales Ratio0.320.540.39
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blue Bird'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.
Hype
Prediction
LowEstimatedHigh
35.7038.2940.88
Details
Intrinsic
Valuation
LowRealHigh
31.6334.2241.64
Details
Naive
Forecast
LowNextHigh
35.8838.4741.06
Details
7 Analysts
Consensus
LowTargetHigh
25.1027.5830.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Blue Bird. Your research has to be compared to or analyzed against Blue Bird's peers to derive any actionable benefits. When done correctly, Blue Bird's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Blue Bird Corp.

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SRI Sustainable Growth Idea
SRI Sustainable Growth
Invested few shares
Investor Favorites Idea
Investor Favorites
Invested a lot of shares
Impulse Idea
Impulse
Invested over 100 shares
Warren Buffett Holdings Idea
Warren Buffett Holdings
Invested few shares
Hedge Favorites Idea
Hedge Favorites
Invested over 40 shares
Momentum Idea
Momentum
Invested few shares
Artificial Intelligence Idea
Artificial Intelligence
Invested few shares
Tech Growth Idea
Tech Growth
Invested over 100 shares
When determining whether Blue Bird Corp is a strong investment it is important to analyze Blue Bird's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Blue Bird's future performance. For an informed investment choice regarding Blue Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Bird Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Blue Bird Corp information on this page should be used as a complementary analysis to other Blue Bird's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running Blue Bird's price analysis, check to measure Blue Bird'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 Blue Bird is operating at the current time. Most of Blue Bird's value examination focuses on studying past and present price action to predict the probability of Blue Bird's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Bird's price. Additionally, you may evaluate how the addition of Blue Bird to your portfolios can decrease your overall portfolio volatility.
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Is Blue Bird's 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 Blue Bird. If investors know Blue 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 Blue Bird 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
2.351
Earnings Share
1.9
Revenue Per Share
37.832
Quarterly Revenue Growth
0.348
Return On Assets
0.1571
The market value of Blue Bird Corp is measured differently than its book value, which is the value of Blue that is recorded on the company's balance sheet. Investors also form their own opinion of Blue Bird's value that differs from its market value or its book value, called intrinsic value, which is Blue Bird'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 Blue Bird's market value can be influenced by many factors that don't directly affect Blue Bird'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 Blue Bird's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Bird is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue Bird'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.