Quanex Building Products Stock Market Value
| NX Stock | USD 21.00 0.72 3.31% |
| Symbol | Quanex |
Quanex Building Products Price To Book Ratio
Is Building Products 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 Quanex Building. If investors know Quanex 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 Quanex Building 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 (0.20) | Earnings Share 0.87 | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.
Quanex Building '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 Quanex Building'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 Quanex Building.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Quanex Building on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Quanex Building Products or generate 0.0% return on investment in Quanex Building over 30 days. Quanex Building is related to or competes with Gibraltar Industries, Carpenter Technology, Myers Industries, and Griffon. Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry ... More
Quanex Building 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 Quanex Building'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 Quanex Building Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 3.31 |
Quanex Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quanex Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quanex Building's standard deviation. In reality, there are many statistical measures that can use Quanex Building historical prices to predict the future Quanex Building's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quanex Building'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.
Quanex Building Products Backtested Returns
Quanex Building Products maintains Sharpe Ratio (i.e., Efficiency) of -0.19, which implies the firm had a -0.19 % return per unit of risk over the last 3 months. Quanex Building Products exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Quanex Building's Variance of 6.75, risk adjusted performance of (0.14), and Coefficient Of Variation of (555.38) to confirm the risk estimate we provide. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Quanex Building returns are very sensitive to returns on the market. As the market goes up or down, Quanex Building is expected to follow. At this point, Quanex Building Products has a negative expected return of -0.5%. Please make sure to check Quanex Building's treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Quanex Building Products performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Quanex Building Products has poor reverse predictability. Overlapping area represents the amount of predictability between Quanex Building time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Quanex Building Products price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Quanex Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Quanex Building Products lagged returns against current returns
Autocorrelation, which is Quanex Building 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 Quanex Building's stock expected returns. We can calculate the autocorrelation of Quanex Building returns to help us make a trade decision. For example, suppose you find that Quanex Building 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 |
Quanex Building 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 Quanex Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quanex Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quanex Building stock over time.
Current vs Lagged Prices |
| Timeline |
Quanex Building Lagged Returns
When evaluating Quanex Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quanex Building stock have on its future price. Quanex Building 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, Quanex Building autocorrelation shows the relationship between Quanex Building stock current value and its past values and can show if there is a momentum factor associated with investing in Quanex Building Products.
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 Quanex Stock Analysis
When running Quanex Building's price analysis, check to measure Quanex Building'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 Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.