Block Inc Stock Market Value
| SQ Stock | USD 88.55 0.23 0.26% |
| Symbol | Block |
Block Inc Price To Book Ratio
Is Data Processing & Outsourced Services space 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 Block. If investors know Block 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 Block 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 3.625 | Earnings Share 1.67 | Revenue Per Share 38.711 | Quarterly Revenue Growth 0.064 | Return On Assets 0.0173 |
The market value of Block Inc is measured differently than its book value, which is the value of Block that is recorded on the company's balance sheet. Investors also form their own opinion of Block's value that differs from its market value or its book value, called intrinsic value, which is Block'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 Block's market value can be influenced by many factors that don't directly affect Block'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 Block's value and its price as these two are different measures arrived at by different means. Investors typically determine if Block is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Block'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.
Block '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 Block'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 Block.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Block on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Block Inc or generate 0.0% return on investment in Block over 180 days. Block is related to or competes with Palo Alto, Zscaler, Cloudflare, Okta, Adobe Systems, Microsoft, and Uipath. Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides rep... More
Block 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 Block'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 Block Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.1382 | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 4.62 |
Block Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Block's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Block's standard deviation. In reality, there are many statistical measures that can use Block historical prices to predict the future Block's volatility.| Risk Adjusted Performance | 0.1517 | |||
| Jensen Alpha | 0.3111 | |||
| Total Risk Alpha | 0.0498 | |||
| Sortino Ratio | 0.1909 | |||
| Treynor Ratio | 0.3354 |
Block Inc Backtested Returns
Block appears to be very steady, given 3 months investment horizon. Block Inc secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Block's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Block's Risk Adjusted Performance of 0.1517, mean deviation of 1.91, and Downside Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Block holds a performance score of 15. The firm shows a Beta (market volatility) of 1.5, 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, Block will likely underperform. Please check Block's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Block's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Block Inc has virtually no predictability. Overlapping area represents the amount of predictability between Block time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Block Inc price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Block price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 82.02 |
Block Inc lagged returns against current returns
Autocorrelation, which is Block 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 Block's stock expected returns. We can calculate the autocorrelation of Block returns to help us make a trade decision. For example, suppose you find that Block 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 |
Block 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 Block stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Block stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Block stock over time.
Current vs Lagged Prices |
| Timeline |
Block Lagged Returns
When evaluating Block's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Block stock have on its future price. Block 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, Block autocorrelation shows the relationship between Block stock current value and its past values and can show if there is a momentum factor associated with investing in Block Inc.
Regressed Prices |
| Timeline |
Pair Trading with Block
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 Block 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 Block will appreciate offsetting losses from the drop in the long position's value.Moving together with Block Stock
| 0.8 | LZ | LegalZoom | PairCorr |
| 0.67 | VIRC | Virco Manufacturing Earnings Call This Week | PairCorr |
| 0.79 | VRSK | Verisk Analytics | PairCorr |
Moving against Block Stock
| 0.87 | EFX | Equifax | PairCorr |
| 0.83 | CVEO | Civeo Corp | PairCorr |
| 0.76 | MMS | Maximus | PairCorr |
| 0.71 | FCN | FTI Consulting | PairCorr |
| 0.7 | ICFI | ICF International | PairCorr |
The ability to find closely correlated positions to Block could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Block 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 Block - 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 Block Inc to buy it.
The correlation of Block 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 Block moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Block Inc 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 Block 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 Block Stock Analysis
When running Block's price analysis, check to measure Block'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 Block is operating at the current time. Most of Block's value examination focuses on studying past and present price action to predict the probability of Block's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Block's price. Additionally, you may evaluate how the addition of Block to your portfolios can decrease your overall portfolio volatility.