BLACK's market value is the price at which a share of BLACK trades on an exchange. It measures the collective expectations of BLACK HILLS P investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of BLACK HILLS P and determine expected loss or profit from investing in BLACK over a given investment horizon. Check out BLACK Correlation, BLACK Volatility and BLACK Alpha and Beta module to complement your research on BLACK.
Please note, there is a significant difference between BLACK's value and its price as these two are different measures arrived at by different means. Investors typically determine if BLACK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BLACK'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.
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.
0.00
02/05/2024
No Change 0.00
0.0
In 10 months and 27 days
12/31/2024
0.00
If you would invest 0.00 in BLACK on February 5, 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 330 days. BLACK is related to or competes with 00108WAF7, 90331HPL1, BlackRock, Vanguard 500, Vanguard 500, Alcoa Corp, and Disney. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BLACK. Your research has to be compared to or analyzed against BLACK's peers to derive any actionable benefits. When done correctly, BLACK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BLACK HILLS P.
BLACK HILLS P Backtested Returns
BLACK HILLS P retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the bond had a -0.14% return per unit of risk over the last 3 months. BLACK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BLACK's market risk adjusted performance of (1.48), and Variance of 0.1924 to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0556, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BLACK's returns are expected to increase less than the market. However, during the bear market, the loss of holding BLACK is expected to be smaller as well.
Auto-correlation
-0.2
Insignificant reverse predictability
BLACK HILLS P has insignificant reverse predictability. Overlapping area represents the amount of predictability between BLACK time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 -0.2 indicates that over 20.0% of current BLACK price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
0.58
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
Also Currently Popular
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.
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.