TopBuild Corp (Mexico) Market Value
| BLD Stock | MXN 8,108 168.00 2.12% |
| Symbol | TopBuild |
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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in TopBuild Corp on November 1, 2024 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 30 days. TopBuild Corp is related to or competes with Grupo Cementos, and Grupo Lamosa. TopBuild Corp. engages in the installation and distribution of insulation and other building products to the United Stat... 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 | 0.1251 | |||
| Maximum Drawdown | 71.55 | |||
| Potential Upside | 2.12 |
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 | 0.1167 | |||
| Jensen Alpha | 1.18 | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 2.98 |
TopBuild Corp Backtested Returns
TopBuild Corp is very steady given 3 months investment horizon. TopBuild Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We were able to break down twenty different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use TopBuild Corp Variance of 77.78, coefficient of variation of 710.85, and Risk Adjusted Performance of 0.1167 to evaluate company specific risk that cannot be diversified away. TopBuild Corp holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TopBuild Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding TopBuild Corp is expected to be smaller as well. Use TopBuild Corp kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to analyze future returns on TopBuild Corp.
Auto-correlation | 0.77 |
Good predictability
TopBuild Corp has good predictability. Overlapping area represents the amount of predictability between TopBuild Corp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 0.77 indicates that around 77.0% of current TopBuild Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 58 K |
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 |
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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.Additional Tools for TopBuild Stock Analysis
When running TopBuild Corp's price analysis, check to measure TopBuild Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TopBuild Corp is operating at the current time. Most of TopBuild Corp's value examination focuses on studying past and present price action to predict the probability of TopBuild Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TopBuild Corp's price. Additionally, you may evaluate how the addition of TopBuild Corp to your portfolios can decrease your overall portfolio volatility.