Topbuild Corp Stock Market Value
| BLD Stock | USD 389.81 1.07 0.28% |
| Symbol | Topbuild |
Topbuild Corp Price To Book Ratio
Is Topbuild Corp'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 Topbuild Corp. If investors know Topbuild 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 Topbuild Corp 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 0.019 | Earnings Share 19.32 | Revenue Per Share 164.402 | Quarterly Revenue Growth 0.017 | Return On Assets 0.1145 |
The market value of Topbuild Corp is measured differently than its book value, which is the value of Topbuild that is recorded on the company's balance sheet. Investors also form their own opinion of Topbuild Corp's value that differs from its market value or its book value, called intrinsic value, which is Topbuild Corp'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 Topbuild Corp's market value can be influenced by many factors that don't directly affect Topbuild Corp'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 Topbuild Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Topbuild Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Topbuild Corp'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.
Topbuild Corp '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 Topbuild Corp'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 Topbuild Corp.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Topbuild Corp on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Topbuild Corp or generate 0.0% return on investment in Topbuild Corp over 30 days. Topbuild Corp is related to or competes with Api GroupCorp, MYR, Comfort Systems, Construction Partners, Arcosa, Ameresco, and EMCOR. TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other bui... More
Topbuild Corp 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 Topbuild Corp'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 Topbuild Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0195 | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.08 |
Topbuild Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Topbuild Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Topbuild Corp's standard deviation. In reality, there are many statistical measures that can use Topbuild Corp historical prices to predict the future Topbuild Corp's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0196 | |||
| Treynor Ratio | 0.0426 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Topbuild Corp'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.
Topbuild Corp Backtested Returns
We consider Topbuild Corp very steady. Topbuild Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0238, which indicates the firm had a 0.0238% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Topbuild Corp, which you can use to evaluate the volatility of the company. Please validate Topbuild Corp's Risk Adjusted Performance of 0.0394, semi deviation of 2.01, and Coefficient Of Variation of 1909.22 to confirm if the risk estimate we provide is consistent with the expected return of 0.0501%. Topbuild Corp has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 2.33, which indicates 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, Topbuild Corp will likely underperform. Topbuild Corp right now has a risk of 2.11%. Please validate Topbuild Corp downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Topbuild Corp will be following its existing price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Topbuild Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Topbuild Corp time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Topbuild Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Topbuild Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 348.77 |
Topbuild Corp lagged returns against current returns
Autocorrelation, which is Topbuild Corp 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 Topbuild Corp's stock expected returns. We can calculate the autocorrelation of Topbuild Corp returns to help us make a trade decision. For example, suppose you find that Topbuild Corp 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 |
Topbuild Corp 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 Topbuild Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Topbuild Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Topbuild Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Topbuild Corp Lagged Returns
When evaluating Topbuild Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Topbuild Corp stock have on its future price. Topbuild Corp 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, Topbuild Corp autocorrelation shows the relationship between Topbuild Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Topbuild Corp.
Regressed Prices |
| Timeline |
Topbuild Corp Investors Sentiment
The influence of Topbuild Corp'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 Topbuild. 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 Topbuild Corp's public news can be used to forecast risks associated with an investment in Topbuild. The trend in average sentiment can be used to explain how an investor holding Topbuild can time the market purely based on public headlines and social activities around Topbuild Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Topbuild Corp'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 Topbuild Corp'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 Topbuild Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Topbuild Corp.
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 Topbuild Corp 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, Topbuild Corp's short interest history, or implied volatility extrapolated from Topbuild Corp options trading.
Pair Trading with Topbuild Corp
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 Topbuild Corp 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 Topbuild Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Topbuild Stock
| 0.88 | BC | Brunswick Earnings Call This Week | PairCorr |
| 0.79 | VZIO | Vizio Holding Corp Sell-off Trend | PairCorr |
Moving against Topbuild Stock
| 0.85 | EGOX | NexteGO NV Ordinary | PairCorr |
| 0.74 | SONY | Sony Group Corp Financial Report 26th of April 2024 | PairCorr |
| 0.73 | GPRO | GoPro Inc Financial Report 14th of May 2024 | PairCorr |
| 0.69 | VEEE | Twin Vee Powercats | PairCorr |
| 0.68 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Topbuild Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topbuild Corp 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 Topbuild Corp - 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 Topbuild Corp to buy it.
The correlation of Topbuild Corp 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 Topbuild Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topbuild Corp 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 Topbuild Corp 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 Topbuild Corp Correlation, Topbuild Corp Volatility and Topbuild Corp Alpha and Beta module to complement your research on Topbuild Corp. For information on how to trade Topbuild Stock refer to our How to Trade Topbuild Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Topbuild Stock analysis
When running Topbuild Corp's price analysis, check to measure Topbuild Corp'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 Topbuild Corp is operating at the current time. Most of Topbuild Corp's value examination focuses on studying past and present price action to predict the probability of Topbuild Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Topbuild Corp's price. Additionally, you may evaluate how the addition of Topbuild Corp to your portfolios can decrease your overall portfolio volatility.
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Topbuild Corp 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.