Beacon Roofing Stock Forecast - Accumulation Distribution
| BECN Stock | USD 95.89 1.63 1.67% |
Beacon Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Beacon Roofing stock prices and determine the direction of Beacon Roofing Supply's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Beacon Roofing's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Beacon Roofing's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Beacon Roofing's systematic risk associated with finding meaningful patterns of Beacon Roofing fundamentals over time.
Check out Historical Fundamental Analysis of Beacon Roofing to cross-verify your projections. Beacon |
Open Interest Against 2024-05-17 Beacon Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Beacon Roofing's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Beacon Roofing's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Beacon Roofing stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Beacon Roofing's open interest, investors have to compare it to Beacon Roofing's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Beacon Roofing is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Beacon. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Beacon Roofing cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Beacon Roofing's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Beacon Roofing's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Beacon Roofing is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Beacon Roofing Supply to determine if accumulation or reduction is taking place in the market. This value is adjusted by Beacon Roofing trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 106520.0 | 0.0807 |
| Check Beacon Roofing Volatility | Backtest Beacon Roofing | Information Ratio |
Beacon Roofing Trading Date Momentum
| On May 06 2024 Beacon Roofing Supply was traded for 95.89 at the closing time. The top price for the day was 103.75 and the lowest listed price was 95.38 . There was no trading activity during the period 0.0. Lack of trading volume on May 6, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.94% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Beacon Roofing to competition |
Other Forecasting Options for Beacon Roofing
For every potential investor in Beacon, whether a beginner or expert, Beacon Roofing's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Beacon Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Beacon. Basic forecasting techniques help filter out the noise by identifying Beacon Roofing's price trends.Beacon Roofing Related Equities
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.
| Risk & Return | Correlation |
Beacon Roofing Supply Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Beacon Roofing's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Beacon Roofing's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Beacon Roofing Market Strength Events
Market strength indicators help investors to evaluate how Beacon Roofing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Beacon Roofing shares will generate the highest return on investment. By undertsting and applying Beacon Roofing stock market strength indicators, traders can identify Beacon Roofing Supply entry and exit signals to maximize returns.
Beacon Roofing Risk Indicators
The analysis of Beacon Roofing's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Beacon Roofing's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting beacon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.17 | |||
| Semi Deviation | 1.5 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.59 | |||
| Downside Variance | 3.07 | |||
| Semi Variance | 2.24 | |||
| Expected Short fall | (1.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Beacon Roofing Investors Sentiment
The influence of Beacon Roofing's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Beacon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Beacon Roofing's public news can be used to forecast risks associated with an investment in Beacon. The trend in average sentiment can be used to explain how an investor holding Beacon can time the market purely based on public headlines and social activities around Beacon Roofing Supply. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Beacon Roofing's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Beacon Roofing's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Beacon Roofing's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Beacon Roofing.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Beacon Roofing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Beacon Roofing's short interest history, or implied volatility extrapolated from Beacon Roofing options trading.
Pair Trading with Beacon Roofing
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 Beacon Roofing 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 Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.Moving together with Beacon Stock
| 0.66 | DSGR | Distribution Solutions | PairCorr |
| 0.89 | DXPE | DXP Enterprises Financial Report 9th of May 2024 | PairCorr |
| 0.83 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Beacon Stock
| 0.89 | AZ | A2Z Smart Technologies | PairCorr |
| 0.8 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.77 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.75 | AP | Ampco Pittsburgh | PairCorr |
| 0.71 | MSM | MSC Industrial Direct Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to Beacon Roofing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beacon Roofing 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 Beacon Roofing - 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 Beacon Roofing Supply to buy it.
The correlation of Beacon Roofing is a statistical measure of how it moves in relation to other instruments. 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 Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply 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 Beacon Roofing 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.Check out Historical Fundamental Analysis of Beacon Roofing to cross-verify your projections. Note that the Beacon Roofing Supply information on this page should be used as a complementary analysis to other Beacon Roofing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Beacon Stock analysis
When running Beacon Roofing's price analysis, check to measure Beacon Roofing's 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 Beacon Roofing is operating at the current time. Most of Beacon Roofing's value examination focuses on studying past and present price action to predict the probability of Beacon Roofing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beacon Roofing's price. Additionally, you may evaluate how the addition of Beacon Roofing to your portfolios can decrease your overall portfolio volatility.
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Is Beacon Roofing's 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 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.
Quarterly Earnings Growth (0.65) | Earnings Share (0.59) | Revenue Per Share 146.397 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0692 |
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.