Bluelinx Holdings Stock Market Value
| BXC Stock | USD 127.53 4.17 3.38% |
| Symbol | BlueLinx |
BlueLinx Holdings Price To Book Ratio
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 3.55 | 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.
BlueLinx Holdings '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 BlueLinx Holdings' 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 BlueLinx Holdings.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in BlueLinx Holdings on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding BlueLinx Holdings or generate 0.0% return on investment in BlueLinx Holdings over 720 days. BlueLinx Holdings is related to or competes with Global Industrial, WESCO International, and MSC Industrial. BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the ... More
BlueLinx Holdings 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 BlueLinx Holdings' 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 BlueLinx Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 14.04 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 5.33 |
BlueLinx Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlueLinx Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlueLinx Holdings' standard deviation. In reality, there are many statistical measures that can use BlueLinx Holdings historical prices to predict the future BlueLinx Holdings' volatility.| Risk Adjusted Performance | 0.133 | |||
| Jensen Alpha | 0.1972 | |||
| Total Risk Alpha | 0.008 | |||
| Sortino Ratio | 0.1365 | |||
| Treynor Ratio | 0.2167 |
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 Backtested Returns
BlueLinx Holdings appears to be very steady, given 3 months investment horizon. BlueLinx Holdings secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for BlueLinx Holdings, which you can use to evaluate the volatility of the firm. Please makes use of BlueLinx Holdings' Risk Adjusted Performance of 0.133, mean deviation of 2.08, and Downside Deviation of 2.38 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BlueLinx Holdings holds a performance score of 12. The firm shows a Beta (market volatility) of 2.06, which signifies 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, BlueLinx Holdings will likely underperform. Please check BlueLinx Holdings' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether BlueLinx Holdings' price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
BlueLinx Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between BlueLinx Holdings time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 BlueLinx Holdings price movement. The serial correlation of -0.25 indicates that over 25.0% of current BlueLinx Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 112.64 |
BlueLinx Holdings lagged returns against current returns
Autocorrelation, which is BlueLinx Holdings 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 BlueLinx Holdings' stock expected returns. We can calculate the autocorrelation of BlueLinx Holdings returns to help us make a trade decision. For example, suppose you find that BlueLinx Holdings 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 |
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BlueLinx Holdings 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 BlueLinx Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlueLinx Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlueLinx Holdings stock over time.
Current vs Lagged Prices |
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BlueLinx Holdings Lagged Returns
When evaluating BlueLinx Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlueLinx Holdings stock have on its future price. BlueLinx Holdings 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, BlueLinx Holdings autocorrelation shows the relationship between BlueLinx Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in BlueLinx Holdings.
Regressed Prices |
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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 BlueLinx Holdings Correlation, BlueLinx Holdings Volatility and BlueLinx Holdings Alpha and Beta module to complement your research on BlueLinx Holdings. For information on how to trade BlueLinx Stock refer to our How to Trade BlueLinx Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
BlueLinx Holdings 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.