BLUELINX HLDGS's market value is the price at which a share of BLUELINX HLDGS trades on a public exchange. It measures the collective expectations of BLUELINX HLDGS DL 01 investors about its performance. BLUELINX HLDGS is trading at 105.00 as of the 18th of January 2025. This is a 3.96% up since the beginning of the trading day. The stock's lowest day price was 105.0. With this module, you can estimate the performance of a buy and hold strategy of BLUELINX HLDGS DL 01 and determine expected loss or profit from investing in BLUELINX HLDGS over a given investment horizon. Check out BLUELINX HLDGS Correlation, BLUELINX HLDGS Volatility and BLUELINX HLDGS Alpha and Beta module to complement your research on BLUELINX HLDGS.
Please note, there is a significant difference between BLUELINX HLDGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if BLUELINX HLDGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BLUELINX HLDGS'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.
BLUELINX HLDGS '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 HLDGS'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 BLUELINX HLDGS.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in BLUELINX HLDGS on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding BLUELINX HLDGS DL 01 or generate 0.0% return on investment in BLUELINX HLDGS over 30 days. BLUELINX HLDGS is related to or competes with THRACE PLASTICS, APPLIED MATERIALS, QINGCI GAMES, EAGLE MATERIALS, Mitsubishi Materials, Yokohama Rubber, and HOCHSCHILD MINING. BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the ... More
BLUELINX HLDGS 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 HLDGS'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 BLUELINX HLDGS DL 01 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BLUELINX HLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BLUELINX HLDGS's standard deviation. In reality, there are many statistical measures that can use BLUELINX HLDGS historical prices to predict the future BLUELINX HLDGS's volatility.
At this point, BLUELINX HLDGS is very steady. BLUELINX HLDGS DL secures Sharpe Ratio (or Efficiency) of 0.0433, which signifies that the company had a 0.0433% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for BLUELINX HLDGS DL 01, which you can use to evaluate the volatility of the firm. Please confirm BLUELINX HLDGS's mean deviation of 2.07, and Risk Adjusted Performance of 0.0435 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. BLUELINX HLDGS has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BLUELINX HLDGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding BLUELINX HLDGS is expected to be smaller as well. BLUELINX HLDGS DL currently shows a risk of 3.16%. Please confirm BLUELINX HLDGS DL maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if BLUELINX HLDGS DL will be following its price patterns.
Auto-correlation
0.37
Below average predictability
BLUELINX HLDGS DL 01 has below average predictability. Overlapping area represents the amount of predictability between BLUELINX HLDGS time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 BLUELINX HLDGS DL price movement. The serial correlation of 0.37 indicates that just about 37.0% of current BLUELINX HLDGS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
0.21
Residual Average
0.0
Price Variance
1.6
BLUELINX HLDGS DL lagged returns against current returns
Autocorrelation, which is BLUELINX HLDGS 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 HLDGS's stock expected returns. We can calculate the autocorrelation of BLUELINX HLDGS returns to help us make a trade decision. For example, suppose you find that BLUELINX HLDGS 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
BLUELINX HLDGS 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 HLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BLUELINX HLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BLUELINX HLDGS stock over time.
Current vs Lagged Prices
Timeline
BLUELINX HLDGS Lagged Returns
When evaluating BLUELINX HLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BLUELINX HLDGS stock have on its future price. BLUELINX HLDGS 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 HLDGS autocorrelation shows the relationship between BLUELINX HLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in BLUELINX HLDGS DL 01.
BLUELINX HLDGS financial ratios help investors to determine whether BLUELINX Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BLUELINX with respect to the benefits of owning BLUELINX HLDGS security.