Builders FirstSource Stock Forecast - Daily Balance Of Power
| BLDR Stock | USD 172.92 2.18 1.28% |
Builders Stock Forecast is based on your current time horizon. Although Builders FirstSource's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Builders FirstSource's systematic risk associated with finding meaningful patterns of Builders FirstSource fundamentals over time.
Builders |
Open Interest Against 2024-12-20 Builders Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Builders FirstSource'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 Builders FirstSource's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Builders FirstSource 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 Builders FirstSource's open interest, investors have to compare it to Builders FirstSource'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 Builders FirstSource 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 Builders. 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.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.13) | (0.16) |
| Check Builders FirstSource Volatility | Backtest Builders FirstSource | Trend Details |
Builders FirstSource Trading Date Momentum
| On December 04 2024 Builders FirstSource was traded for 177.12 at the closing time. The top price for the day was 184.14 and the lowest listed price was 176.62 . The trading volume for the day was 1.3 M. The trading history from December 4, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.98% . The overall trading delta against the current closing price is 5.04% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Builders FirstSource to competition |
Other Forecasting Options for Builders FirstSource
For every potential investor in Builders, whether a beginner or expert, Builders FirstSource's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Builders Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Builders. Basic forecasting techniques help filter out the noise by identifying Builders FirstSource's price trends.Builders FirstSource 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 Builders FirstSource stock to make a market-neutral strategy. Peer analysis of Builders FirstSource could also be used in its relative valuation, which is a method of valuing Builders FirstSource by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Builders FirstSource 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 Builders FirstSource'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 Builders FirstSource's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Builders FirstSource Market Strength Events
Market strength indicators help investors to evaluate how Builders FirstSource stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Builders FirstSource shares will generate the highest return on investment. By undertsting and applying Builders FirstSource stock market strength indicators, traders can identify Builders FirstSource entry and exit signals to maximize returns.
Builders FirstSource Risk Indicators
The analysis of Builders FirstSource'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 Builders FirstSource's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting builders 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 | 1.61 | |||
| Semi Deviation | 2.21 | |||
| Standard Deviation | 2.23 | |||
| Variance | 4.97 | |||
| Downside Variance | 5.12 | |||
| Semi Variance | 4.89 | |||
| Expected Short fall | (1.67) |
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.
Pair Trading with Builders FirstSource
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 Builders FirstSource 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 Builders FirstSource will appreciate offsetting losses from the drop in the long position's value.Moving together with Builders Stock
Moving against Builders Stock
| 0.37 | TILE | Interface | PairCorr |
| 0.36 | AIRJ | Montana Technologies Symbol Change | PairCorr |
| 0.31 | AWI | Armstrong World Indu | PairCorr |
The ability to find closely correlated positions to Builders FirstSource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Builders FirstSource 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 Builders FirstSource - 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 Builders FirstSource to buy it.
The correlation of Builders FirstSource 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 Builders FirstSource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Builders FirstSource 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 Builders FirstSource 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.Additional Tools for Builders Stock Analysis
When running Builders FirstSource's price analysis, check to measure Builders FirstSource'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 Builders FirstSource is operating at the current time. Most of Builders FirstSource's value examination focuses on studying past and present price action to predict the probability of Builders FirstSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Builders FirstSource's price. Additionally, you may evaluate how the addition of Builders FirstSource to your portfolios can decrease your overall portfolio volatility.