Bjs Wholesale Club Stock Market Value
| BJ Stock | USD 75.78 0.86 1.15% |
| Symbol | BJs |
BJs Wholesale Club Company Valuation
Is BJs Wholesale'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 BJs Wholesale. If investors know BJs 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 BJs Wholesale 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 0.144 | Earnings Share 3.88 | Revenue Per Share 150.087 | Quarterly Revenue Growth 0.087 | Return On Assets 0.0781 |
The market value of BJs Wholesale Club is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Wholesale's value that differs from its market value or its book value, called intrinsic value, which is BJs Wholesale'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 BJs Wholesale's market value can be influenced by many factors that don't directly affect BJs Wholesale'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 BJs Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Wholesale'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.
BJs Wholesale '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 BJs Wholesale'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 BJs Wholesale.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in BJs Wholesale on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding BJs Wholesale Club or generate 0.0% return on investment in BJs Wholesale over 30 days. BJs Wholesale is related to or competes with Big Lots, Dollar Tree, Dicks Sporting, Williams Sonoma, and Dillards. BJs Wholesale Club Holdings, Inc., together with its subsidiaries, operates warehouse clubs on the east coast of the Uni... More
BJs Wholesale 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 BJs Wholesale'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 BJs Wholesale Club upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 13.64 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.86 |
BJs Wholesale Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BJs Wholesale's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BJs Wholesale's standard deviation. In reality, there are many statistical measures that can use BJs Wholesale historical prices to predict the future BJs Wholesale's volatility.| Risk Adjusted Performance | 0.0788 | |||
| Jensen Alpha | 0.1522 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0759 | |||
| Treynor Ratio | 0.3254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BJs Wholesale's 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.
BJs Wholesale Club Backtested Returns
BJs Wholesale appears to be very steady, given 3 months investment horizon. BJs Wholesale Club secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BJs Wholesale Club, which you can use to evaluate the volatility of the firm. Please makes use of BJs Wholesale's Risk Adjusted Performance of 0.0788, mean deviation of 1.28, and Downside Deviation of 1.59 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BJs Wholesale holds a performance score of 11. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BJs Wholesale's returns are expected to increase less than the market. However, during the bear market, the loss of holding BJs Wholesale is expected to be smaller as well. Please check BJs Wholesale's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether BJs Wholesale's price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
BJs Wholesale Club has insignificant reverse predictability. Overlapping area represents the amount of predictability between BJs Wholesale time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 BJs Wholesale Club price movement. The serial correlation of -0.2 indicates that over 20.0% of current BJs Wholesale price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
BJs Wholesale Club lagged returns against current returns
Autocorrelation, which is BJs Wholesale 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 BJs Wholesale's stock expected returns. We can calculate the autocorrelation of BJs Wholesale returns to help us make a trade decision. For example, suppose you find that BJs Wholesale 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 |
BJs Wholesale 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 BJs Wholesale stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BJs Wholesale stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BJs Wholesale stock over time.
Current vs Lagged Prices |
| Timeline |
BJs Wholesale Lagged Returns
When evaluating BJs Wholesale's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BJs Wholesale stock have on its future price. BJs Wholesale 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, BJs Wholesale autocorrelation shows the relationship between BJs Wholesale stock current value and its past values and can show if there is a momentum factor associated with investing in BJs Wholesale Club.
Regressed Prices |
| Timeline |
Pair Trading with BJs Wholesale
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 BJs Wholesale 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 BJs Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with BJs Stock
| 0.81 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.91 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against BJs Stock
| 0.89 | IH | IhumanInc | PairCorr |
| 0.86 | IMKTA | Ingles Markets rporated Earnings Call This Week | PairCorr |
| 0.61 | ACI | Albertsons Companies Financial Report 23rd of July 2024 | PairCorr |
| 0.57 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
| 0.55 | GV | Visionary Education Symbol Change | PairCorr |
The ability to find closely correlated positions to BJs Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BJs Wholesale 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 BJs Wholesale - 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 BJs Wholesale Club to buy it.
The correlation of BJs Wholesale 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 BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club 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 BJs Wholesale 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 BJs Wholesale Correlation, BJs Wholesale Volatility and BJs Wholesale Alpha and Beta module to complement your research on BJs Wholesale. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for BJs Stock analysis
When running BJs Wholesale's price analysis, check to measure BJs Wholesale'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 BJs Wholesale is operating at the current time. Most of BJs Wholesale's value examination focuses on studying past and present price action to predict the probability of BJs Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Wholesale's price. Additionally, you may evaluate how the addition of BJs Wholesale to your portfolios can decrease your overall portfolio volatility.
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BJs Wholesale 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.