BLACK HILLS P Market Value
| 092113AM1 | 92.81 3.59 3.72% |
| Symbol | BLACK |
BLACK '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 BLACK's bond 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 BLACK.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in BLACK on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding BLACK HILLS P or generate 0.0% return on investment in BLACK over 240 days. BLACK is related to or competes with Chipotle Mexican, Joint Stock, Cannae Holdings, Yum Brands, Bill, ServiceNow, and Q2 Holdings. More
BLACK 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 BLACK's bond 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 BLACK HILLS P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.445 |
BLACK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BLACK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BLACK's standard deviation. In reality, there are many statistical measures that can use BLACK historical prices to predict the future BLACK's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 2.76 |
BLACK HILLS P Backtested Returns
BLACK HILLS P retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. BLACK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BLACK's market risk adjusted performance of 2.77, and Variance of 0.1888 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0286, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BLACK are expected to decrease at a much lower rate. During the bear market, BLACK is likely to outperform the market.
Auto-correlation | -0.52 |
Good reverse predictability
BLACK HILLS P has good reverse predictability. Overlapping area represents the amount of predictability between BLACK time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 BLACK HILLS P price movement. The serial correlation of -0.52 indicates that about 52.0% of current BLACK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
BLACK HILLS P lagged returns against current returns
Autocorrelation, which is BLACK bond'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 BLACK's bond expected returns. We can calculate the autocorrelation of BLACK returns to help us make a trade decision. For example, suppose you find that BLACK has exhibited high autocorrelation historically, and you observe that the bond 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 |
BLACK 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 BLACK bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BLACK bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BLACK bond over time.
Current vs Lagged Prices |
| Timeline |
BLACK Lagged Returns
When evaluating BLACK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BLACK bond have on its future price. BLACK 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, BLACK autocorrelation shows the relationship between BLACK bond current value and its past values and can show if there is a momentum factor associated with investing in BLACK HILLS P.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in BLACK Bond
BLACK financial ratios help investors to determine whether BLACK Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BLACK with respect to the benefits of owning BLACK security.