Blackline Stock Forecast - 8 Period Moving Average

BL
 Stock
  

USD 67.29  1.93  2.79%   

Blackline Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Blackline historical stock prices and determine the direction of Blackline's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Blackline historical fundamentals such as revenue growth or operating cash flow patterns. Although Blackline naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Blackline systematic risk associated with finding meaningful patterns of Blackline fundamentals over time.
Continue to Historical Fundamental Analysis of Blackline to cross-verify your projections.
  
Blackline Receivables Turnover is relatively stable at the moment as compared to the past year. The company's current value of Receivables Turnover is estimated at 3.92. Accounts Payable Turnover is expected to hike to 86.49 this year, although the value of PPandE Turnover will most likely fall to 23.00. . Issuance Purchase of Equity Shares is expected to hike to about 24 M this year, although the value of Weighted Average Shares will most likely fall to nearly 51.8 M.

Open Interest Agains t 2022-12-16 Blackline Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Blackline's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Blackline's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Blackline stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Blackline's open interest, investors have to compare it to Blackline's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Blackline is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Blackline. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Blackline cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Blackline's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Blackline's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Blackline is based on an artificially constructed time series of Blackline daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Blackline 8 Period Moving Average Price Forecast For the 4th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Blackline on the next trading day is expected to be 65.52 with a mean absolute deviation of 3.38, mean absolute percentage error of 19.17, and the sum of the absolute errors of 178.98.
Please note that although there have been many attempts to predict Blackline Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Blackline's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Blackline Stock Forecast Pattern

Backtest BlacklineBlackline Price PredictionBuy or Sell Advice 

Blackline Forecasted Value

In the context of forecasting Blackline's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Blackline's downside and upside margins for the forecasting period are 60.96 and 70.07, respectively. We have considered Blackline's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 67.29
65.52
Expected Value
70.07
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Blackline stock data series using in forecasting. Note that when a statistical model is used to represent Blackline stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria106.3609
BiasArithmetic mean of the errors 0.1206
MADMean absolute deviation3.377
MAPEMean absolute percentage error0.0561
SAESum of the absolute errors178.98
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Blackline 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Blackline

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Blackline. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Blackline's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Blackline in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
62.5867.1371.68
Details
Intrinsic
Valuation
LowReal ValueHigh
60.5681.5086.05
Details
10 Analysts
Consensus
LowTarget PriceHigh
90.00137.30163.00
Details
Earnings
Estimates (7)
LowProjected EPSHigh
-0.47-0.45-0.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Blackline. Your research has to be compared to or analyzed against Blackline's peers to derive any actionable benefits. When done correctly, Blackline's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Blackline.

Other Forecasting Options for Blackline

For every potential investor in Blackline, whether a beginner or expert, Blackline's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Blackline Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Blackline. Basic forecasting techniques help filter out the noise by identifying Blackline's price trends.

Blackline Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Blackline stock to make a market-neutral strategy. Peer analysis of Blackline could also be used in its relative valuation, which is a method of valuing Blackline by comparing valuation metrics with similar companies.
Absolute SoftwareADEIA CORPAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy Corp
 Risk & Return  Correlation

Blackline Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Blackline's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Blackline's current price.

Blackline Market Strength Events

Market strength indicators help investors to evaluate how Blackline stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blackline shares will generate the highest return on investment. By undertsting and applying Blackline stock market strength indicators, traders can identify Blackline entry and exit signals to maximize returns.

Blackline Risk Indicators

The analysis of Blackline's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Blackline's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Blackline stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Blackline Investors Sentiment

The influence of Blackline's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Blackline. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Blackline's public news can be used to forecast risks associated with investment in Blackline. The trend in average sentiment can be used to explain how an investor holding Blackline can time the market purely based on public headlines and social activities around Blackline. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Blackline's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Blackline's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Blackline's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Blackline.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackline in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackline's short interest history, or implied volatility extrapolated from Blackline options trading.

Pair Trading with Blackline

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 Blackline 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 Blackline will appreciate offsetting losses from the drop in the long position's value.

Moving together with Blackline

+0.64UBERUber Technologies Tech BoostPairCorr
+0.75PANWPalo Alto Networks Downward RallyPairCorr
The ability to find closely correlated positions to Blackline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackline 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 Blackline - 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 Blackline to buy it.
The correlation of Blackline is a statistical measure of how it moves in relation to other equities. 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 Blackline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackline 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 Blackline 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.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of Blackline to cross-verify your projections. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Blackline price analysis, check to measure Blackline'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 Blackline is operating at the current time. Most of Blackline's value examination focuses on studying past and present price action to predict the probability of Blackline's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Blackline's price. Additionally, you may evaluate how the addition of Blackline to your portfolios can decrease your overall portfolio volatility.
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Is Blackline's industry 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 Blackline. If investors know Blackline 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 Blackline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
B
Quarterly Revenue Growth YOY
0.23
Return On Assets
(0.0248) 
Return On Equity
(0.33) 
The market value of Blackline is measured differently than its book value, which is the value of Blackline that is recorded on the company's balance sheet. Investors also form their own opinion of Blackline's value that differs from its market value or its book value, called intrinsic value, which is Blackline'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 Blackline's market value can be influenced by many factors that don't directly affect Blackline'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 Blackline's value and its price as these two are different measures arrived at by different means. Investors typically determine Blackline value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackline'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.