Black Return On Equity from 2010 to 2024

BDTX Stock  USD 6.59  0.69  11.69%   
Black Diamond Return On Equity yearly trend continues to be fairly stable with very little volatility. Return On Equity is likely to outpace its year average in 2024. Return On Equity is a measure of the profitability of Black Diamond Therapeutics in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
(0.71)
Current Value
(0.67)
Quarterly Volatility
0.48147856
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Black Diamond financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Black main balance sheet or income statement drivers, such as Net Interest Income of 1.9 M, Interest Income of 1.9 M or Depreciation And Amortization of 458.9 K, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.11. Black financial statements analysis is a perfect complement when working with Black Diamond Valuation or Volatility modules.
  
This module can also supplement Black Diamond's financial leverage analysis and stock options assessment as well as various Black Diamond Technical models . Check out the analysis of Black Diamond Correlation against competitors.

Latest Black Diamond's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of Black Diamond Therapeutics over the last few years. Return on Equity is the amount of Black Diamond Therap net income returned as a percentage of Black Diamond equity. Return on equity measures Black Diamond profitability by revealing how much profit Black Diamond Therapeutics generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Black Diamond's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Black Diamond's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported -0.7110 Years Trend
Slightly volatile
   Return On Equity   
       Timeline  

Black Return On Equity Regression Statistics

Arithmetic Mean0.46
Geometric Mean0.62
Coefficient Of Variation105.70
Mean Deviation0.33
Median0.69
Standard Deviation0.48
Sample Variance0.23
Range1.5134
R-Value(0.70)
Mean Square Error0.13
R-Squared0.49
Significance0
Slope(0.08)
Total Sum of Squares3.25

Black Return On Equity History

2024 -0.67
2023 -0.71
2022 0.25
2021 0.51
2020 0.55
2019 0.81
2018 0.57

About Black Diamond Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Black Diamond income statement, its balance sheet, and the statement of cash flows. Black Diamond investors use historical funamental indicators, such as Black Diamond's Return On Equity, to determine how well the company is positioned to perform in the future. Although Black Diamond investors may use each financial statement separately, they are all related. The changes in Black Diamond's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Black Diamond's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Black Diamond Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Black Diamond. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Equity(0.71)(0.67)

Pair Trading with Black Diamond

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

Moving together with Black Stock

  0.65ELYM Eliem Therapeutics TrendingPairCorr

Moving against Black Stock

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  0.72EVOK Evoke PharmaPairCorr
  0.72GNLX Genelux CommonPairCorr
  0.68PRFX PainreformLtdPairCorr
  0.66MBRX Moleculin Biotech Financial Report 9th of May 2024 PairCorr
The ability to find closely correlated positions to Black Diamond 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 Diamond 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 Diamond - 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 Diamond Therapeutics to buy it.
The correlation of Black Diamond 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 Black Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Diamond Therap 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 Diamond 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
When determining whether Black Diamond Therap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Black Diamond's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Black Diamond Therapeutics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Black Diamond Therapeutics Stock:
Check out the analysis of Black Diamond Correlation against competitors.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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When running Black Diamond's price analysis, check to measure Black Diamond'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 Diamond is operating at the current time. Most of Black Diamond's value examination focuses on studying past and present price action to predict the probability of Black Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Diamond's price. Additionally, you may evaluate how the addition of Black Diamond to your portfolios can decrease your overall portfolio volatility.
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Is Black Diamond'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 Diamond. 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 Diamond listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.88)
Return On Assets
(0.34)
Return On Equity
(0.71)
The market value of Black Diamond Therap 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 Diamond's value that differs from its market value or its book value, called intrinsic value, which is Black Diamond'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 Diamond's market value can be influenced by many factors that don't directly affect Black Diamond'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 Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Diamond'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.