IBP Forecast


Bullish Case: IBP's continuous upward trajectory, evident from the high trading at $249.06, and strong fundamental metrics like a recent 1.3% dividend yield and a robust 23% ROCE showcase both strength and returns to investors.


Bearish Case: Recent insider sales, notably the CFO’s US$1.2m sale, suggesting potential overvaluation at current levels, coupled with a slight negative correlation between HeliumTrades AI price forecast and realized price, signal caution.


Potential Outcomes:

1. Uptrend continues (50%) supported by strong ROCE and bullish market sentiment.

2. Price correction due to overvaluation concerns (30%).

3. Price stagnates, influenced by mean-reverting behavior and insider sales (20%).


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May 07, 2024


Installed Building Products Forecast

IBP        Installed Building Products
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IBP



XHB Forecast + Options Trading Strategies   XHB  SPDR Homebuilders (0.99)


ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (0.99)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (0.98)


MAS Forecast + Options Trading Strategies   MAS  Masco (0.98)


TREX Forecast + Options Trading Strategies   TREX  TREX Co. (0.98)



Uncorrelated Stock Forecasts

Assets with little price relationship to IBP



WTRG Forecast + Options Trading Strategies   WTRG  Essential Utilities (-0.0)


ANY Forecast + Options Trading Strategies   ANY  Sphere 3D (0.0)


GIS Forecast + Options Trading Strategies   GIS  General Mills (-0.0)


VGLT Forecast + Options Trading Strategies   VGLT  Vanguard Group, Inc. - Vanguard Long-Term Treasury (0.01)


GCO Forecast + Options Trading Strategies   GCO  Genesco (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IBP



TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.93)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.94)


DOG Forecast + Options Trading Strategies   DOG  ProShares Short Dow30 (-0.96)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)





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