Beacon Roofing Supply Price Patterns
| BECNDelisted Stock | USD 124.17 0.05 0.04% |
Momentum 60
Buy Extended
Oversold | Overbought |
Using Beacon Roofing hype-based prediction, you can estimate the value of Beacon Roofing Supply from the perspective of Beacon Roofing response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Beacon Roofing to buy its stock at a price that has no basis in reality. In that case, they are not buying Beacon because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Beacon Roofing after-hype prediction price | USD 124.17 |
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 delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Beacon |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Beacon Roofing'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.
Beacon Roofing After-Hype Price Density Analysis
As far as predicting the price of Beacon Roofing 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 Beacon Roofing 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 Beacon Roofing, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Beacon Roofing Estimiated After-Hype Price Volatility
In the context of predicting Beacon Roofing's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Beacon Roofing's historical news coverage. Beacon Roofing's after-hype downside and upside margins for the prediction period are 124.17 and 124.17, respectively. We have considered Beacon Roofing's 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
Beacon Roofing is very steady at this time. Analysis and calculation of next after-hype price of Beacon Roofing Supply is based on 3 months time horizon.
Beacon Roofing Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Beacon Roofing is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Beacon Roofing 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 Delisted 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 Beacon Roofing, 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 |
0.00 | 0.00 | 0.00 | 0.00 | 5 Events / Month | 4 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
124.17 | 124.17 | 0.00 |
|
Beacon Roofing Hype Timeline
Beacon Roofing Supply is currently traded for 124.17. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Beacon is forecasted 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 forecasted to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on Beacon Roofing is about 0.0%, with the expected price after the next announcement by competition of 124.17. About 98.0% of the company shares are held by institutions such as insurance companies. The book value of Beacon Roofing was currently reported as 31.45. The company has Price/Earnings To Growth (PEG) ratio of 1.65. Beacon Roofing Supply had not issued any dividends in recent years. The entity had 3:2 split on the 13th of June 2006. Given the investment horizon of 90 days the next forecasted press release will be in about 5 days. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.Beacon Roofing Related Hype Analysis
Having access to credible news sources related to Beacon Roofing's direct competition is more important than ever and may enhance your ability to predict Beacon Roofing's future price movements. Getting to know how Beacon Roofing's 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 Beacon Roofing may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| FBIN | Fortune Brands Innovations | (0.88) | 8 per month | 1.59 | 0.1 | 5.71 | (2.66) | 10.57 | |
| AZEK | Azek Company | 0.05 | 10 per month | 1.41 | 0.07 | 2.63 | (2.43) | 11.69 | |
| GMS | GMS Inc | 0.01 | 6 per month | 0.00 | 0.15 | 1.43 | (1.23) | 25.00 | |
| DOOR | Masonite International Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| PGTI | PGT Innovations | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IAA | IAA Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AQUA | Evoqua Water Technologies | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AEBI | Aebi Schmidt Holding | 0.05 | 3 per month | 1.92 | 0.16 | 4.30 | (3.12) | 12.80 | |
| RBC | RBC Bearings Incorporated | 7.06 | 10 per month | 0.84 | 0.20 | 2.54 | (1.75) | 6.18 | |
| WCC | WESCO International | (2.28) | 11 per month | 1.93 | 0.09 | 3.36 | (3.42) | 10.20 |
Beacon Roofing Additional Predictive Modules
Most predictive techniques to examine Beacon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Beacon using various technical indicators. When you analyze Beacon 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 |
About Beacon Roofing Predictive Indicators
The successful prediction of Beacon Roofing stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Beacon Roofing Supply, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Beacon Roofing based on analysis of Beacon Roofing hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Beacon Roofing's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Beacon Roofing's related companies.
Pair Trading with Beacon Roofing
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Beacon Roofing position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.Moving against Beacon Stock
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.63 | AAPL | Apple Inc Sell-off Trend | PairCorr |
| 0.52 | MMM | 3M Company | PairCorr |
| 0.47 | MSFT | Microsoft | PairCorr |
| 0.46 | IBM | International Business | PairCorr |
The ability to find closely correlated positions to Beacon Roofing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beacon Roofing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beacon Roofing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beacon Roofing Supply to buy it.
The correlation of Beacon Roofing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Beacon Roofing can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Beacon Stock
If you are still planning to invest in Beacon Roofing Supply check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Beacon Roofing's history and understand the potential risks before investing.
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