Blackline Net Receivables vs Cash Analysis
BL Stock | USD 57.84 0.08 0.14% |
Blackline financial indicator trend analysis is way more than just evaluating Blackline prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blackline is a good investment. Please check the relationship between Blackline Net Receivables and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackline. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.
Net Receivables vs Cash
Net Receivables vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blackline Net Receivables account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Blackline's Net Receivables and Cash is 0.76. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash in the same time period over historical financial statements of Blackline, assuming nothing else is changed. The correlation between historical values of Blackline's Net Receivables and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Blackline are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Receivables i.e., Blackline's Net Receivables and Cash go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Receivables
Cash
Cash refers to the most liquid asset of Blackline, which is listed under current asset account on Blackline balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Blackline customers. The amounts must be unrestricted with restricted cash listed in a different Blackline account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Blackline's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blackline current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackline. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.At this time, Blackline's Sales General And Administrative To Revenue is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 110.48 this year, although the value of Tax Provision will most likely fall to (1.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 327.8M | 393.6M | 442.3M | 464.4M | Total Revenue | 425.7M | 522.9M | 590.0M | 619.5M |
Blackline fundamental ratios Correlations
Click cells to compare fundamentals
Blackline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blackline fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.1B | 1.8B | 1.9B | 2.1B | 2.2B | |
Other Current Liab | 32.1M | 43.9M | 67.4M | 66.6M | 59.7M | 37.2M | |
Total Current Liabilities | 207.0M | 242.3M | 322.6M | 367.8M | 642.6M | 674.7M | |
Retained Earnings | (163.6M) | (201.7M) | (301.7M) | (273.0M) | (214.8M) | (225.5M) | |
Accounts Payable | 7.4M | 3.2M | 7.5M | 15.0M | 8.6M | 6.9M | |
Cash | 120.2M | 367.4M | 539.7M | 201.0M | 271.1M | 165.5M | |
Net Receivables | 102.8M | 111.3M | 125.1M | 150.9M | 171.6M | 89.4M | |
Common Stock Shares Outstanding | 55.3M | 56.8M | 58.4M | 59.5M | 72.0M | 58.9M | |
Other Current Assets | 12.8M | 20.2M | 23.9M | 23.7M | 31.2M | 17.7M | |
Total Liab | 611.0M | 678.9M | 1.5B | 1.8B | 1.8B | 1.9B | |
Total Current Assets | 723.4M | 674.1M | 1.3B | 1.2B | 1.4B | 1.5B | |
Short Term Debt | 4.9M | 4.1M | 5.3M | 6.9M | 254.1M | 266.8M | |
Common Stock | 559K | 577K | 590K | 600K | 615K | 584.3K | |
Total Stockholder Equity | 398.6M | 422.1M | 325.0M | 111.9M | 260.9M | 305.4M | |
Other Liab | 9.1M | 22.2M | 13.0M | 45.7M | 52.5M | 55.2M | |
Net Tangible Assets | 184.7M | 82.5M | (24.4M) | (431.0M) | (387.9M) | (368.5M) | |
Property Plant And Equipment Net | 25.6M | 21.9M | 32.6M | 34.5M | 34.0M | 22.2M | |
Current Deferred Revenue | 162.6M | 191.1M | 242.4M | 279.3M | 320.1M | 175.9M | |
Net Debt | 279.7M | 51.1M | 593.9M | 1.2B | 1.1B | 1.2B | |
Non Current Assets Total | 291.1M | 439.4M | 469.9M | 694.1M | 693.4M | 422.4M | |
Non Currrent Assets Other | 52.9M | 65.4M | 87.9M | 92.8M | 55.5M | 43.7M | |
Other Assets | 51.6M | 65.4M | 87.9M | 92.8M | 106.7M | 112.0M | |
Cash And Short Term Investments | 607.7M | 542.6M | 1.2B | 1.1B | 1.2B | 1.3B | |
Common Stock Total Equity | 559K | 577K | 590K | 600K | 690K | 577.9K | |
Liabilities And Stockholders Equity | 1.0B | 1.1B | 1.8B | 1.9B | 2.1B | 1.1B | |
Non Current Liabilities Total | 404.0M | 436.6M | 1.1B | 1.4B | 1.2B | 1.2B | |
Other Stockholder Equity | 561.3M | 622.8M | 625.9M | 385.7M | 474.9M | 478.0M | |
Property Plant And Equipment Gross | 25.6M | 21.9M | 32.6M | 34.5M | 78.4M | 82.3M | |
Accumulated Other Comprehensive Income | 377K | 376K | 298K | (1.5M) | 205K | 215.3K | |
Intangible Assets | 27.6M | 62.4M | 59.7M | 122.9M | 116.9M | 72.9M | |
Property Plant Equipment | 25.6M | 13.2M | 32.6M | 34.5M | 39.7M | 41.7M | |
Capital Surpluse | 561.3M | 622.8M | 625.9M | 385.7M | 443.6M | 503.2M | |
Deferred Long Term Liab | 49.7M | 6.6M | 8.2M | 5.6M | 6.4M | 6.1M | |
Retained Earnings Total Equity | (163.6M) | (201.7M) | (301.7M) | (273.0M) | (245.7M) | (258.0M) | |
Short Term Investments | 487.5M | 175.2M | 659.0M | 874.1M | 933.4M | 980.0M |
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 Stock
0.67 | DJCO | Daily Journal Corp | PairCorr |
Moving against Blackline Stock
0.45 | EB | Eventbrite Class A | PairCorr |
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 instruments. 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackline. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running Blackline's 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 the 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.
Quarterly Earnings Growth 1.05 | Earnings Share 1.18 | Revenue Per Share 9.94 | Quarterly Revenue Growth 0.133 | Return On Assets 0.0017 |
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 if Blackline is a good investment 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.