Office Beacon and NFL Alumni Renew Strategic Partnership to Enhance Business Efficiency and Community Impact
| BECN Stock | USD 102.08 0.10 0.1% |
About 55% of Beacon Roofing's investor base is interested to short. The analysis of overall sentiment of trading Beacon Roofing Supply stock suggests that many investors are impartial at this time. Beacon Roofing's investing sentiment overview a quick insight into current market opportunities from investing in Beacon Roofing Supply. Many technical investors use Beacon Roofing Supply stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Beacon |
Office Beacon, a leading remote staffing solutions provider, proudly announces a 5-year renewal of its partnership with the NFL Alumni Association. Of
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Beacon Roofing Fundamental Analysis
We analyze Beacon Roofing's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Beacon Roofing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Beacon Roofing based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
Beacon Roofing is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Beacon Roofing Supply Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Beacon Roofing stock to make a market-neutral strategy. Peer analysis of Beacon Roofing could also be used in its relative valuation, which is a method of valuing Beacon Roofing by comparing valuation metrics with similar companies.
Peers
Beacon Roofing Related Equities
| NX | Quanex Building | 0.77 |
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| ROCK | Gibraltar Industries | 0.86 |
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| AWI | Armstrong World | 1.26 |
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| JBI | Janus International | 2.38 |
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| TILE | Interface | 3.94 |
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| AZEK | Azek | 4.28 |
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| TREX | Trex | 5.25 |
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| APOG | Apogee Enterprises | 19.02 |
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Check out Beacon Roofing Hype Analysis, Beacon Roofing Correlation and Beacon Roofing Performance. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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 Beacon Roofing. If investors know Beacon 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 Beacon Roofing 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 Beacon Roofing Supply is measured differently than its book value, which is the value of Beacon that is recorded on the company's balance sheet. Investors also form their own opinion of Beacon Roofing's value that differs from its market value or its book value, called intrinsic value, which is Beacon Roofing'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 Beacon Roofing's market value can be influenced by many factors that don't directly affect Beacon Roofing'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 Beacon Roofing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beacon Roofing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beacon Roofing'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.