Blackline (Germany) Market Value
| 02B Stock | EUR 59.50 1.00 1.65% |
| Symbol | Blackline |
Blackline '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 Blackline'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 Blackline.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Blackline on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Blackline or generate 0.0% return on investment in Blackline over 30 days. Blackline is related to or competes with Fair Isaac, Wisetech Global, Okta, Amdocs, F5 Networks, Xero, and Nutanix. BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United... More
Blackline 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 Blackline'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 Blackline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.1793 | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 3.67 |
Blackline Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackline's standard deviation. In reality, there are many statistical measures that can use Blackline historical prices to predict the future Blackline's volatility.| Risk Adjusted Performance | 0.167 | |||
| Jensen Alpha | 0.3509 | |||
| Total Risk Alpha | 0.3122 | |||
| Sortino Ratio | 0.2185 | |||
| Treynor Ratio | 0.2788 |
Blackline Backtested Returns
Blackline appears to be very steady, given 3 months investment horizon. Blackline secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Blackline, which you can use to evaluate the volatility of the firm. Please makes use of Blackline's risk adjusted performance of 0.167, and Mean Deviation of 1.59 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Blackline holds a performance score of 15. The firm shows a Beta (market volatility) of 1.44, which signifies 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, Blackline will likely underperform. Please check Blackline's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Blackline's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Blackline has very good reverse predictability. Overlapping area represents the amount of predictability between Blackline time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 Blackline price movement. The serial correlation of -0.7 indicates that around 70.0% of current Blackline price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Blackline lagged returns against current returns
Autocorrelation, which is Blackline 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 Blackline's stock expected returns. We can calculate the autocorrelation of Blackline returns to help us make a trade decision. For example, suppose you find that Blackline 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 |
Blackline 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 Blackline stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackline stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackline stock over time.
Current vs Lagged Prices |
| Timeline |
Blackline Lagged Returns
When evaluating Blackline's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackline stock have on its future price. Blackline 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, Blackline autocorrelation shows the relationship between Blackline stock current value and its past values and can show if there is a momentum factor associated with investing in Blackline.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Blackline Stock
When determining whether Blackline is a strong investment it is important to analyze Blackline's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Blackline's future performance. For an informed investment choice regarding Blackline Stock, refer to the following important reports:Check out Blackline Correlation, Blackline Volatility and Blackline Alpha and Beta module to complement your research on Blackline. For more detail on how to invest in Blackline Stock please use our How to Invest in Blackline guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Blackline 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.