# Black Beta

BKI | Stock | ## USD 67.71 0.55 0.81% |

Black Knight fundamentals help investors to digest information that contributes to Black Knight's financial success or failures. It also enables traders to predict the movement of Black Stock. The fundamental analysis module provides a way to measure Black Knight's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Black Knight stock.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Black | Beta |

## Black Beta Analysis

Black Knight's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time. 2019 | 2020 | 2021 | 2022 (projected) | |

Interest Expense | 63.5 M | 62.9 M | 83.6 M | 75.86 M |

Gross Profit | 1.18 B | 1.24 B | 1.48 B | 1.42 B |

Beta | = | Covariance Variance |

## Current Black Knight Beta | 0.63 |

Most of Black Knight's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Black Knight is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

## Black Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Black Knight is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Beta. Since Black Knight's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Black Knight's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Black Knight's interrelated accounts and indicators.

**Click cells**to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Compare to competition |

In accordance with the recently published financial statements, Black Knight has a Beta of 0.63. This is 40.57% lower than that of the Technology sector and significantly higher than that of the Softwareâ€”Application industry. The beta for all United States stocks is notably lower than that of the firm.

## Black Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Black Knight's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Black Knight could also be used in its relative valuation, which is a method of valuing Black Knight by comparing valuation metrics of similar companies.Black Knight is currently under evaluation in beta category among related companies.

## Black Knight Current Valuation Drivers

We derive many important indicators used in calculating different scores of Black Knight from analyzing Black Knight's financial statements. These drivers represent accounts that assess Black Knight's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Black Knight's important valuation drivers and their relationship over time.

2017 | 2018 | 2019 | 2020 | 2021 | 2022 (projected) | ||

Average Assets | 3.71 B | 3.65 B | 3.99 B | 5.13 B | 6.25 B | 5.78 B | |

Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 384.5 M | 474.9 M | 450.4 M | 639.3 M | 692.2 M | 626.18 M | |

Earnings Before Interest Taxes and Depreciation Amortization USD | 384.5 M | 474.9 M | 450.4 M | 639.3 M | 692.2 M | 626.18 M | |

Earnings before Tax | 120.5 M | 206.2 M | 150.7 M | 305.7 M | 243.6 M | 209.73 M | |

Average Equity | 1.28 B | 1.71 B | 1.86 B | 2.4 B | 2.41 B | 2.21 B | |

Enterprise Value | 8.17 B | 8.11 B | 11.27 B | 16.15 B | 15.27 B | 14.07 B | |

Free Cash Flow | 270.4 M | 332.4 M | 274.4 M | 302.2 M | 336.3 M | 311.58 M | |

Invested Capital | 1.89 B | 1.81 B | 2.31 B | 3.16 B | 3.48 B | 3.2 B | |

Invested Capital Average | 1.94 B | 1.93 B | 2.47 B | 2.71 B | 3.4 B | 3.16 B | |

Market Capitalization | 6.78 B | 6.73 B | 9.64 B | 13.87 B | 12.87 B | 11.8 B | |

Tangible Asset Value | 700.7 M | 730.1 M | 1.05 B | 1.29 B | 1.42 B | 1.26 B | |

Working Capital | 49.1 M | 27.1 M | (5.3 M) | (4 M) | 87.3 M | 71.03 M |

Let's try to break down what Black's beta means in this case. As returns on the market increase, Black Knight returns are expected to increase less than the market. However, during the bear market, the loss on holding Black Knight will be expected to be smaller as well.

## Black Fundamentals

Return On Equity | 17.43 % | |||

Return On Asset | 3.52 % | |||

Profit Margin | 33.57 % | |||

Operating Margin | 34.60 % | |||

Current Valuation | 13.18 B | |||

Shares Outstanding | 156.02 M | |||

Shares Owned by Insiders | 3.34 % | |||

Shares Owned by Institutions | 95.56 % | |||

Number of Shares Shorted | 3.01 M | |||

Price to Earning | 19.97 X | |||

Price to Book | 4.18 X | |||

Price to Sales | 6.83 X | |||

Revenue | 1.55 B | |||

Gross Profit | 681.3 M | |||

EBITDA | 534.8 M | |||

Net Income | 519 M | |||

Cash and Equivalents | 38 M | |||

Cash per Share | 0.25 X | |||

Total Debt | 2.8 B | |||

Debt to Equity | 1.10 % | |||

Current Ratio | 1.21 X | |||

Book Value Per Share | 16.18 X | |||

Cash Flow from Operations | 340.5 M | |||

Short Ratio | 4.86 X | |||

Earnings Per Share | 3.39 X | |||

Price to Earnings To Growth | 2.18 X | |||

Number of Employees | 6.4 K | |||

Beta | 0.63 | |||

Market Capitalization | 10.56 B | |||

Total Asset | 895.32 M | |||

Retained Earnings | 529.33 M | |||

Working Capital | 206.59 M | |||

Current Asset | 288.52 M | |||

Current Liabilities | 81.93 M | |||

Z Score | 2.8 |

## About Black Knight Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Black Knight's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Black Knight using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Black Knight based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.Black Knight, Inc. provides integrated software, data, and analytics solutions in North America and Internationally. Black Knight, Inc. was founded in 2013 and is headquartered in Jacksonville, Florida. Black Knight operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 6400 people.
## Black Knight Investors Sentiment

The influence of Black Knight'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 Black. 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 Black Knight's public news can be used to forecast risks associated with investment in Black. The trend in average sentiment can be used to explain how an investor holding Black can time the market purely based on public headlines and social activities around Black Knight. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

Black Knight'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 Black Knight'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 Black Knight's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Black Knight.

## Black Knight Implied Volatility | 33.54 |

Black Knight's implied volatility exposes the market's sentiment of Black Knight stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Black Knight's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Black Knight stock will not fluctuate a lot when Black Knight's options are near their expiration.

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 Black Knight 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, Black Knight's short interest history, or implied volatility extrapolated from Black Knight options trading.

## Pair Trading with Black Knight

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 Black Knight 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 Black Knight will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Black Knight could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Knight 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 Black Knight - 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 Black Knight to buy it.

The correlation of Black Knight 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 Black Knight moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Knight 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 Black Knight 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.Continue to Black Knight Piotroski F Score and Black Knight Altman Z Score analysis. Note that the Black Knight information on this page should be used as a complementary analysis to other Black Knight's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Black Knight price analysis, check to measure Black Knight'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 Black Knight is operating at the current time. Most of Black Knight's value examination focuses on studying past and present price action to predict the probability of Black Knight's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Black Knight's price. Additionally, you may evaluate how the addition of Black Knight to your portfolios can decrease your overall portfolio volatility.

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Is Black Knight'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 Black Knight. If investors know Black 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 Black Knight 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 YOY 0.04 | Market Capitalization 10.6 B | Quarterly Revenue Growth YOY 0.092 | Return On Assets 0.0352 | Return On Equity 0.17 |

The market value of Black Knight is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Knight's value that differs from its market value or its book value, called intrinsic value, which is Black Knight'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 Black Knight's market value can be influenced by many factors that don't directly affect Black Knight'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 Black Knight's value and its price as these two are different measures arrived at by different means. Investors typically determine Black Knight value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Knight'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.