Topbuild Corp Stock Market Value
| BLD Stock | USD 373.05 11.80 3.27% |
| Symbol | Topbuild |
Topbuild Corp Price To Book Ratio
Is Household Durables 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 Topbuild Corp. If investors know Topbuild 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 Topbuild Corp 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 0.072 | Earnings Share 19.8 | Revenue Per Share 170.633 | Quarterly Revenue Growth 0.036 | Return On Assets 0.1175 |
The market value of Topbuild Corp is measured differently than its book value, which is the value of Topbuild that is recorded on the company's balance sheet. Investors also form their own opinion of Topbuild Corp's value that differs from its market value or its book value, called intrinsic value, which is Topbuild Corp'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 Topbuild Corp's market value can be influenced by many factors that don't directly affect Topbuild Corp'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 Topbuild Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Topbuild Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Topbuild Corp'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.
Topbuild Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Topbuild Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Topbuild Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Topbuild Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Topbuild Corp or generate 0.0% return on investment in Topbuild Corp over 720 days. Topbuild Corp is related to or competes with Api Group, MYR, Comfort Systems, Construction Partners, Arcosa, Ameresco, and EMCOR. TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other bui... More
Topbuild Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Topbuild Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Topbuild Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.3 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.3 |
Topbuild Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topbuild Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topbuild Corp's standard deviation. In reality, there are many statistical measures that can use Topbuild Corp historical prices to predict the future Topbuild Corp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.07) |
Topbuild Corp Backtested Returns
Topbuild Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0399, which indicates the firm had a -0.0399% return per unit of risk over the last 3 months. Topbuild Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topbuild Corp's Coefficient Of Variation of (2,537), risk adjusted performance of (0.02), and Variance of 5.33 to confirm the risk estimate we provide. The entity has a beta of 1.37, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Topbuild Corp will likely underperform. At this point, Topbuild Corp has a negative expected return of -0.0875%. Please make sure to validate Topbuild Corp's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Topbuild Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Topbuild Corp has poor predictability. Overlapping area represents the amount of predictability between Topbuild Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Topbuild Corp price movement. The serial correlation of 0.25 indicates that over 25.0% of current Topbuild Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1009.12 |
Topbuild Corp lagged returns against current returns
Autocorrelation, which is Topbuild Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Topbuild Corp's stock expected returns. We can calculate the autocorrelation of Topbuild Corp returns to help us make a trade decision. For example, suppose you find that Topbuild Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Topbuild Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Topbuild Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topbuild Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topbuild Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Topbuild Corp Lagged Returns
When evaluating Topbuild Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topbuild Corp stock have on its future price. Topbuild Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Topbuild Corp autocorrelation shows the relationship between Topbuild Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Topbuild Corp.
Regressed Prices |
| Timeline |
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 Topbuild Corp is a strong investment it is important to analyze Topbuild Corp'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 Topbuild Corp's future performance. For an informed investment choice regarding Topbuild Stock, refer to the following important reports:Check out Topbuild Corp Correlation, Topbuild Corp Volatility and Topbuild Corp Alpha and Beta module to complement your research on Topbuild Corp. For information on how to trade Topbuild Stock refer to our How to Trade Topbuild Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Topbuild Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.