Black Stock Market Value

BKI
 Stock
  

USD 67.14  1.28  1.94%   

Black Knight's market value is the price at which a share of Black Knight stock trades on a public exchange. It measures the collective expectations of Black Knight investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Black Knight and determine expected loss or profit from investing in Black Knight over a given investment horizon. Continue to Black Knight Hype Analysis, Black Knight Correlation, Black Knight Valuation, Black Knight Volatility, as well as analyze Black Knight Alpha and Beta and Black Knight Performance.
Symbol


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
10.3 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.

Black Knight '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 Knight'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 Black Knight.
0.00
05/16/2022
No Change 0.00  0.0 
In 3 months and 1 day
08/14/2022
0.00
If you would invest  0.00  in Black Knight on May 16, 2022 and sell it all today you would earn a total of 0.00 from holding Black Knight or generate 0.0% return on investment in Black Knight over 90 days. Black Knight is related to or competes with Adobe Systems, Appian Corp, Arqit Quantum, Bakkt Hldgs, Tesla, Essential Properties, and Velodyne Lidar. Black Knight, Inc. provides integrated software, data, and analytics solutions in North America and InternationallyMore

Black Knight 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 Knight'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 Black Knight upside and downside potential and time the market with a certain degree of confidence.

Black Knight Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Knight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Knight's standard deviation. In reality, there are many statistical measures that can use Black Knight historical prices to predict the future Black Knight's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Black Knight'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 Black Knight in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
65.6667.1168.56
Details
Intrinsic
Valuation
LowReal ValueHigh
60.4381.1782.62
Details
11 Analysts
Consensus
LowTarget PriceHigh
85.0095.20107.00
Details
Earnings
Estimates (8)
LowProjected EPSHigh
2.082.112.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Black Knight. Your research has to be compared to or analyzed against Black Knight's peers to derive any actionable benefits. When done correctly, Black Knight'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 Black Knight.

Black Knight Backtested Returns

Black Knight secures Sharpe Ratio (or Efficiency) of -0.0366, which signifies that the company had -0.0366% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Black Knight exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Black Knight mean deviation of 1.14, and Risk Adjusted Performance of (0.036641) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.4928, which signifies possible diversification benefits within a given portfolio. 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. Even though it is essential to pay attention to Black Knight historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Black Knight exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Black Knight has an expected return of -0.0529%. Please be advised to confirm Black Knight sortino ratio, semi variance, and the relationship between the information ratio and value at risk to decide if Black Knight performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.03  

Very weak reverse predictability

Black Knight has very weak reverse predictability. Overlapping area represents the amount of predictability between Black Knight time series from 16th of May 2022 to 30th of June 2022 and 30th of June 2022 to 14th of August 2022. 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 Knight price movement. The serial correlation of -0.03 indicates that only 3.0% of current Black Knight price fluctuation can be explain by its past prices.
Correlation Coefficient-0.03
Spearman Rank Test0.08
Residual Average0.0
Price Variance1.53

Black Knight lagged returns against current returns

Autocorrelation, which is Black Knight 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 Black Knight's stock expected returns. We can calculate the autocorrelation of Black Knight returns to help us make a trade decision. For example, suppose you find that Black Knight stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Black Knight 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 Knight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Knight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Knight stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Black Knight Lagged Returns

When evaluating Black Knight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Knight stock have on its future price. Black Knight 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 Knight autocorrelation shows the relationship between Black Knight stock current value and its past values and can show if there is a momentum factor associated with investing in Black Knight.
   Regressed Prices   
Share
       Timeline  

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 estimate score, the more favorable is the investor's outlook on Black Knight.

Black Knight Implied Volatility

    
  85.4  
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.

Moving against Black Knight

0.55CTLPCantalope Fiscal Year End 1st of September 2022 PairCorr
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.
Pair CorrelationCorrelation Matching
Continue to Black Knight Hype Analysis, Black Knight Correlation, Black Knight Valuation, Black Knight Volatility, as well as analyze Black Knight Alpha and Beta and Black Knight Performance. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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Black Knight technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Black Knight technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Black Knight trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...