BlueLinx Holdings Stock Forecast - Treynor Ratio
| BXC Stock | USD 123.36 2.06 1.70% |
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 |
Open Interest Against 2024-12-20 BlueLinx Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast BlueLinx Holdings' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in BlueLinx Holdings' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BlueLinx Holdings stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current BlueLinx Holdings' open interest, investors have to compare it to BlueLinx Holdings' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of BlueLinx Holdings is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in BlueLinx. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check BlueLinx Holdings Volatility | Backtest BlueLinx Holdings | Information Ratio |
BlueLinx Holdings Trading Date Momentum
| On November 22 2024 BlueLinx Holdings was traded for 123.36 at the closing time. Highest BlueLinx Holdings's price during the trading hours was 123.36 and the lowest price during the day was 121.30 . There was no trading activity during the period 0.0. Lack of trading volume on the 22nd of November did not affect price variability. The overall trading delta to current price is 1.67% . |
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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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| 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 | 2.09 | |||
| Semi Deviation | 2.05 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.76 | |||
| Downside Variance | 5.57 | |||
| Semi Variance | 4.21 | |||
| Expected Short fall | (2.34) |
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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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 3.54 | 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.