Blackline Stock Forecast - Naive Prediction

BL Stock  USD 64.23  1.32  2.10%   
The Naive Prediction forecasted value of Blackline on the next trading day is expected to be 63.61 with a mean absolute deviation of 1.02 and the sum of the absolute errors of 63.41. Blackline Stock Forecast is based on your current time horizon. Although Blackline's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Blackline's systematic risk associated with finding meaningful patterns of Blackline fundamentals over time.
  
Payables Turnover is expected to rise to 17.87 this year, although the value of Receivables Turnover will most likely fall to 2.49. . The value of Common Stock Shares Outstanding is expected to slide to about 58.9 M. The value of Net Loss is expected to slide to about (27.8 M).

Open Interest Against 2024-12-20 Blackline Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Blackline's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Blackline's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Blackline stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Blackline's open interest, investors have to compare it to Blackline's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Blackline is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Blackline. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.

Blackline Cash Forecast

To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Blackline's financial statements, predicting their influence on future market prices.
 
Cash  
First Reported
2014-12-31
Previous Quarter
616.6 M
Current Value
725.3 M
Quarterly Volatility
233.8 M
 
Yuan Drop
 
Covid
A naive forecasting model for Blackline is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Blackline value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Blackline Naive Prediction Price Forecast For the 8th of December

Given 90 days horizon, the Naive Prediction forecasted value of Blackline on the next trading day is expected to be 63.61 with a mean absolute deviation of 1.02, mean absolute percentage error of 1.80, and the sum of the absolute errors of 63.41.
Please note that although there have been many attempts to predict Blackline Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Blackline's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Blackline Stock Forecast Pattern

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Blackline Forecasted Value

In the context of forecasting Blackline's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Blackline's downside and upside margins for the forecasting period are 61.86 and 65.35, respectively. We have considered Blackline's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
64.23
63.61
Expected Value
65.35
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Blackline stock data series using in forecasting. Note that when a statistical model is used to represent Blackline stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria120.5355
BiasArithmetic mean of the errors None
MADMean absolute deviation1.0227
MAPEMean absolute percentage error0.0178
SAESum of the absolute errors63.4096
This model is not at all useful as a medium-long range forecasting tool of Blackline. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Blackline. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Blackline

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Blackline. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
61.7063.4465.18
Details
Intrinsic
Valuation
LowRealHigh
63.9265.6667.40
Details
Bollinger
Band Projection (param)
LowMiddleHigh
61.8763.1664.45
Details
13 Analysts
Consensus
LowTargetHigh
54.7660.1866.80
Details

Other Forecasting Options for Blackline

For every potential investor in Blackline, whether a beginner or expert, Blackline's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Blackline Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Blackline. Basic forecasting techniques help filter out the noise by identifying Blackline's price trends.

Blackline Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Blackline stock to make a market-neutral strategy. Peer analysis of Blackline could also be used in its relative valuation, which is a method of valuing Blackline by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Blackline Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Blackline's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Blackline's current price.

Blackline Market Strength Events

Market strength indicators help investors to evaluate how Blackline stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blackline shares will generate the highest return on investment. By undertsting and applying Blackline stock market strength indicators, traders can identify Blackline entry and exit signals to maximize returns.

Blackline Risk Indicators

The analysis of Blackline's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Blackline's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blackline stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Check out Historical Fundamental Analysis of Blackline to cross-verify your projections.
For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Application Software space 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
0.429
Earnings Share
0.98
Revenue Per Share
10.347
Quarterly Revenue Growth
0.101
Return On Assets
0.0095
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.