Bluelinx Net Income Common Stock Trend from 2010 to 2022

BXC
 Stock
  

USD 61.12  1.86  2.95%   

  
Check Bluelinx Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bluelinx main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Bluelinx financial statements analysis is a perfect complement when working with Bluelinx Holdings Valuation or Volatility modules. It can also supplement Bluelinx Holdings' financial leverage analysis and stock options assessment as well as various Bluelinx Holdings Technical models . Continue to the analysis of Bluelinx Holdings Correlation against competitors.

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Our tools can tell you how much better you can do entering a position in Bluelinx Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Bluelinx Holdings

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 Bluelinx Holdings 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 Bluelinx Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bluelinx Holdings

+0.64AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
The ability to find closely correlated positions to Bluelinx Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bluelinx Holdings 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 Bluelinx Holdings - 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 Bluelinx Holdings to buy it.
The correlation of Bluelinx Holdings is a statistical measure of how it moves in relation to other equities. 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 Bluelinx Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bluelinx Holdings 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 Bluelinx Holdings 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Bluelinx Holdings Correlation against competitors. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Is Bluelinx Holdings' industry 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.
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 Bluelinx Holdings value 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.