Bluelinx Stock Market Value

BXC
 Stock
  

USD 62.10  0.98  1.60%   

Bluelinx Holdings' market value is the price at which a share of Bluelinx Holdings stock trades on a public exchange. It measures the collective expectations of Bluelinx Holdings investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bluelinx Holdings and determine expected loss or profit from investing in Bluelinx Holdings over a given investment horizon. Continue to Bluelinx Holdings Correlation, Bluelinx Holdings Volatility and Bluelinx Holdings Alpha and Beta module to complement your research on Bluelinx Holdings.
Symbol


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.

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.
0.00
08/08/2021
No Change 0.00  0.0 
In 1 year 1 month and 25 days
10/02/2022
0.00
If you would invest  0.00  in Bluelinx Holdings on August 8, 2021 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 420 days. Bluelinx Holdings is related to or competes with Amazon. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Bluelinx Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.4662.4265.38
Details
Intrinsic
Valuation
LowReal ValueHigh
55.8971.5674.52
Details
Naive
Forecast
LowNext ValueHigh
59.2762.2265.18
Details
3 Analysts
Consensus
LowTarget PriceHigh
75.0095.67110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bluelinx Holdings. Your research has to be compared to or analyzed against Bluelinx Holdings' peers to derive any actionable benefits. When done correctly, Bluelinx Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bluelinx Holdings.

Bluelinx Holdings Backtested Returns

Bluelinx Holdings secures Sharpe Ratio (or Efficiency) of -0.0431, which signifies that the company had -0.0431% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Bluelinx Holdings exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bluelinx Holdings mean deviation of 2.42, and Risk Adjusted Performance of (0.002873) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.4985, which signifies a somewhat significant risk relative to the market. Let's try to break down what Bluelinx's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bluelinx Holdings will likely underperform. Even though it is essential to pay attention to Bluelinx Holdings historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bluelinx Holdings exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Bluelinx Holdings has an expected return of -0.13%. Please be advised to confirm Bluelinx Holdings semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Bluelinx Holdings performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.36  

Poor reverse predictability

Bluelinx Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Bluelinx Holdings time series from 8th of August 2021 to 6th of March 2022 and 6th of March 2022 to 2nd of October 2022. 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 -0.36 indicates that just about 36.0% of current Bluelinx Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient-0.36
Spearman Rank Test-0.26
Residual Average0.0
Price Variance86.46

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 stock 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 stock 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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       Timeline  

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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       Timeline  

Be your own money manager

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 Bluelinx Holdings Correlation, Bluelinx Holdings Volatility and Bluelinx Holdings Alpha and Beta module to complement your research on Bluelinx Holdings. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Bluelinx Holdings price analysis, check to measure Bluelinx Holdings' 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 Bluelinx Holdings is operating at the current time. Most of Bluelinx Holdings' value examination focuses on studying past and present price action to predict the probability of Bluelinx Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bluelinx Holdings' price. Additionally, you may evaluate how the addition of Bluelinx Holdings to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Bluelinx Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bluelinx Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...