BlueLinx Holdings Stock Forecast - Naive Prediction
| BXC Stock | USD 127.53 4.17 3.38% |
The Naive Prediction forecasted value of BlueLinx Holdings on the next trading day is expected to be 120.54 with a mean absolute deviation of 2.99 and the sum of the absolute errors of 182.56. BlueLinx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BlueLinx Holdings stock prices and determine the direction of BlueLinx Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BlueLinx Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
BlueLinx |
BlueLinx Holdings Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the BlueLinx Holdings' financial statements to predict how it will affect future prices.
Cash | First Reported 2002-12-31 | Previous Quarter 491.4 M | Current Value 526.3 M | Quarterly Volatility 133 M |
BlueLinx Holdings Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of BlueLinx Holdings on the next trading day is expected to be 120.54 with a mean absolute deviation of 2.99, mean absolute percentage error of 11.83, and the sum of the absolute errors of 182.56.Please note that although there have been many attempts to predict BlueLinx Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that BlueLinx Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BlueLinx Holdings Stock Forecast Pattern
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BlueLinx Holdings Forecasted Value
In the context of forecasting BlueLinx Holdings' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. BlueLinx Holdings' downside and upside margins for the forecasting period are 117.93 and 123.14, respectively. We have considered BlueLinx Holdings' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of BlueLinx Holdings stock data series using in forecasting. Note that when a statistical model is used to represent BlueLinx Holdings stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 120.5815 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.9929 |
| MAPE | Mean absolute percentage error | 0.0274 |
| SAE | Sum of the absolute errors | 182.5647 |
Predictive Modules for BlueLinx Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BlueLinx Holdings. 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 BlueLinx Holdings' 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.
Other Forecasting Options for BlueLinx Holdings
For every potential investor in BlueLinx, whether a beginner or expert, BlueLinx Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BlueLinx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BlueLinx. Basic forecasting techniques help filter out the noise by identifying BlueLinx Holdings' price trends.BlueLinx Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BlueLinx Holdings stock to make a market-neutral strategy. Peer analysis of BlueLinx Holdings could also be used in its relative valuation, which is a method of valuing BlueLinx Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BlueLinx Holdings Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BlueLinx Holdings' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BlueLinx Holdings' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Volume Indicators |
BlueLinx Holdings Market Strength Events
Market strength indicators help investors to evaluate how BlueLinx Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BlueLinx Holdings shares will generate the highest return on investment. By undertsting and applying BlueLinx Holdings stock market strength indicators, traders can identify BlueLinx Holdings entry and exit signals to maximize returns.
BlueLinx Holdings Risk Indicators
The analysis of BlueLinx Holdings' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BlueLinx Holdings' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bluelinx stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.08 | |||
| Semi Deviation | 2.05 | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.72 | |||
| Downside Variance | 5.66 | |||
| Semi Variance | 4.2 | |||
| Expected Short fall | (2.32) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
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.When determining whether BlueLinx Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BlueLinx Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bluelinx Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bluelinx Holdings Stock:Check out Historical Fundamental Analysis of BlueLinx Holdings to cross-verify your projections. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Trading Companies & Distributors 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 BlueLinx Holdings. If investors know BlueLinx 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 BlueLinx Holdings 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 (0.31) | Earnings Share 3.55 | Revenue Per Share 339.722 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0393 |
The market value of BlueLinx Holdings is measured differently than its book value, which is the value of BlueLinx that is recorded on the company's balance sheet. Investors also form their own opinion of BlueLinx Holdings' value that differs from its market value or its book value, called intrinsic value, which is BlueLinx Holdings' 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 BlueLinx Holdings' market value can be influenced by many factors that don't directly affect BlueLinx Holdings' 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 BlueLinx Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if BlueLinx Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlueLinx Holdings' 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.