BlueLinx Holdings Stock Forward View - Simple Regression
| BXC Stock | USD 69.87 0.31 0.45% |
BlueLinx Stock outlook 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 suggest always using this module together with an analysis of BlueLinx Holdings' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time, The value of RSI of BlueLinx Holdings' share price is at 52 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling BlueLinx Holdings, making its price go up or down. Momentum 52
Impartial
Oversold | Overbought |
Using BlueLinx Holdings hype-based prediction, you can estimate the value of BlueLinx Holdings from the perspective of BlueLinx Holdings response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of BlueLinx Holdings on the next trading day is expected to be 72.63 with a mean absolute deviation of 3.34 and the sum of the absolute errors of 203.57. BlueLinx Holdings after-hype prediction price | USD 69.87 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of BlueLinx Holdings to cross-verify your projections. BlueLinx Holdings Additional Predictive Modules
Most predictive techniques to examine BlueLinx price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for BlueLinx using various technical indicators. When you analyze BlueLinx 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
BlueLinx Holdings Simple Regression Price Forecast For the 3rd of February
Given 90 days horizon, the Simple Regression forecasted value of BlueLinx Holdings on the next trading day is expected to be 72.63 with a mean absolute deviation of 3.34, mean absolute percentage error of 15.98, and the sum of the absolute errors of 203.57.Please note that although there have been many attempts to predict BlueLinx Stock prices using its time series forecasting, we generally do not suggest 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
| Backtest BlueLinx Holdings | BlueLinx Holdings Price Prediction | Research Analysis |
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 69.48 and 75.78, 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 Simple Regression 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 | 120.8819 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 3.3372 |
| MAPE | Mean absolute percentage error | 0.0517 |
| SAE | Sum of the absolute errors | 203.5686 |
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.
BlueLinx Holdings After-Hype Price Density Analysis
As far as predicting the price of BlueLinx Holdings at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in BlueLinx Holdings or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of BlueLinx Holdings, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
BlueLinx Holdings Estimiated After-Hype Price Volatility
In the context of predicting BlueLinx Holdings' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on BlueLinx Holdings' historical news coverage. BlueLinx Holdings' after-hype downside and upside margins for the prediction period are 66.72 and 73.02, respectively. We have considered BlueLinx Holdings' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
BlueLinx Holdings is very steady at this time. Analysis and calculation of next after-hype price of BlueLinx Holdings is based on 3 months time horizon.
BlueLinx Holdings Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as BlueLinx Holdings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading BlueLinx Holdings backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with BlueLinx Holdings, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.20 | 3.15 | 0.00 | 0.05 | 0 Events / Month | 3 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
69.87 | 69.87 | 0.00 |
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BlueLinx Holdings Hype Timeline
On the 2nd of February BlueLinx Holdings is traded for 69.87. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.05. BlueLinx is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at 0.2%. %. The volatility of related hype on BlueLinx Holdings is about 1356.46%, with the expected price after the next announcement by competition of 69.92. About 100.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.87. Some equities with similar Price to Book (P/B) outperform the market in the long run. BlueLinx Holdings last dividend was issued on the 12th of December 2007. The entity had 1:10 split on the 14th of June 2016. Considering the 90-day investment horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of BlueLinx Holdings to cross-verify your projections.BlueLinx Holdings Related Hype Analysis
Having access to credible news sources related to BlueLinx Holdings' direct competition is more important than ever and may enhance your ability to predict BlueLinx Holdings' future price movements. Getting to know how BlueLinx Holdings' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how BlueLinx Holdings may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CASS | Cass Information Systems | 1.08 | 7 per month | 1.18 | 0.12 | 3.24 | (2.26) | 7.22 | |
| CODI | Compass Diversified Holdings | 0.54 | 11 per month | 0.00 | (0.03) | 7.26 | (6.84) | 35.68 | |
| CVLG | Covenant Logistics Group | (0.16) | 6 per month | 1.42 | 0.11 | 4.95 | (2.57) | 9.12 | |
| CLCO | Cool Company | 0.00 | 0 per month | 0.45 | (0.13) | 0.62 | (0.82) | 2.14 | |
| ASC | Ardmore Shpng | 0.43 | 1 per month | 1.60 | 0.03 | 4.19 | (2.74) | 9.74 | |
| ASPN | Aspen Aerogels | 0.01 | 10 per month | 0.00 | (0.17) | 5.80 | (6.65) | 52.64 | |
| NX | Quanex Building Products | 0.19 | 11 per month | 2.29 | 0.13 | 6.18 | (4.72) | 14.57 | |
| TATT | Tat Techno | 0.00 | 0 per month | 2.66 | 0.12 | 5.38 | (3.56) | 13.21 | |
| JELD | Jeld Wen Holding | 0.00 | 0 per month | 0.00 | (0.02) | 9.36 | (8.33) | 31.31 |
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 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 | 2.39 | |||
| Semi Deviation | 2.38 | |||
| Standard Deviation | 3.15 | |||
| Variance | 9.92 | |||
| Downside Variance | 6.65 | |||
| Semi Variance | 5.67 | |||
| Expected Short fall | (2.69) |
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.
Story Coverage note for BlueLinx Holdings
The number of cover stories for BlueLinx Holdings depends on current market conditions and BlueLinx Holdings' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that BlueLinx Holdings is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about BlueLinx Holdings' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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BlueLinx Holdings Short Properties
BlueLinx Holdings' future price predictability will typically decrease when BlueLinx Holdings' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of BlueLinx Holdings often depends not only on the future outlook of the potential BlueLinx Holdings' 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. BlueLinx Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.6 M | |
| Cash And Short Term Investments | 505.6 M |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Will Stock sector continue expanding? Could BlueLinx diversify its offerings? Factors like these will boost the valuation of BlueLinx Holdings. Projected growth potential of BlueLinx fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every BlueLinx Holdings data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
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. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. 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.
It's important to distinguish between BlueLinx Holdings' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding BlueLinx Holdings should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, BlueLinx Holdings' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.