BLUELINX HLDGS (Germany) Market Value
| FZG1 Stock | EUR 116.00 1.00 0.87% |
| Symbol | BLUELINX |
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.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in BLUELINX HLDGS on November 16, 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 Carrier Global, Geberit AG, Superior Plus, Origin Agritech, INTUITIVE SURGICAL, Intel, and Reliance Steel. 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.
| Downside Deviation | 2.49 | |||
| Information Ratio | 0.1228 | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 4.04 |
BLUELINX HLDGS Market Risk Indicators
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.| Risk Adjusted Performance | 0.1206 | |||
| Jensen Alpha | 0.3551 | |||
| Total Risk Alpha | 0.0856 | |||
| Sortino Ratio | 0.1489 | |||
| Treynor Ratio | 0.3912 |
BLUELINX HLDGS DL Backtested Returns
BLUELINX HLDGS appears to be very steady, given 3 months investment horizon. BLUELINX HLDGS DL secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% 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 makes use of BLUELINX HLDGS's mean deviation of 2.0, and Risk Adjusted Performance of 0.1206 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BLUELINX HLDGS holds a performance score of 10. The firm shows a Beta (market volatility) of 1.18, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BLUELINX HLDGS will likely underperform. Please check BLUELINX HLDGS's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether BLUELINX HLDGS's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
BLUELINX HLDGS DL 01 has very weak reverse predictability. Overlapping area represents the amount of predictability between BLUELINX HLDGS time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 2024. 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 -0.04 indicates that only as little as 4.0% of current BLUELINX HLDGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 4.78 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BLUELINX Stock
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.