Blackline Stock Market Value

BL
 Stock
  

USD 59.90  0.37  0.61%   

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


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.
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.

Blackline '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 Blackline'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 Blackline.
0.00
08/01/2022
No Change 0.00  0.0 
In 2 months and 2 days
09/30/2022
0.00
If you would invest  0.00  in Blackline on August 1, 2022 and sell it all today you would earn a total of 0.00 from holding Blackline or generate 0.0% return on investment in Blackline over 60 days. Blackline is related to or competes with Nippon Steel, Aperam, Vallourec, Labrador Iron, Bluescope Steel, and Cleveland Cliffs. BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide More

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

Blackline Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackline's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackline's standard deviation. In reality, there are many statistical measures that can use Blackline historical prices to predict the future Blackline's volatility.
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
56.7060.1363.56
Details
Intrinsic
Valuation
LowReal ValueHigh
53.9176.4079.83
Details
Naive
Forecast
LowNext ValueHigh
52.0655.4958.92
Details
10 Analysts
Consensus
LowTarget PriceHigh
90.00137.30163.00
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.

Blackline Backtested Returns

Blackline secures Sharpe Ratio (or Efficiency) of -0.0713, which signifies that the company had -0.0713% 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. Blackline exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Blackline risk adjusted performance of (0.043283), and Mean Deviation of 2.69 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.6527, which signifies a somewhat significant risk relative to the market. Let's try to break down what Blackline's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Blackline will likely underperform. Even though it is essential to pay attention to Blackline 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. Blackline exposes twenty-one different technical indicators, which can help you to evaluate its performance. Blackline has an expected return of -0.24%. Please be advised to confirm Blackline jensen alpha, semi variance, and the relationship between the standard deviation and value at risk to decide if Blackline performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.26  

Weak reverse predictability

Blackline has weak reverse predictability. Overlapping area represents the amount of predictability between Blackline time series from 1st of August 2022 to 31st of August 2022 and 31st of August 2022 to 30th of September 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 Blackline price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Blackline price fluctuation can be explain by its past prices.
Correlation Coefficient-0.26
Spearman Rank Test-0.48
Residual Average0.0
Price Variance27.28

Blackline lagged returns against current returns

Autocorrelation, which is Blackline 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 Blackline's stock expected returns. We can calculate the autocorrelation of Blackline returns to help us make a trade decision. For example, suppose you find that Blackline 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  

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

Blackline Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackline without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.
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 Blackline Correlation, Blackline Volatility and Blackline Alpha and Beta module to complement your research on Blackline. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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Blackline 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 Blackline technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Blackline 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...