Blackline Stock Forecast - Accumulation Distribution
| BL Stock | USD 60.84 2.70 4.25% |
Blackline Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Blackline stock prices and determine the direction of Blackline's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Blackline's historical fundamentals, such as revenue growth or operating cash flow patterns. 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.
Check out Historical Fundamental Analysis of Blackline to cross-verify your projections. Blackline |
Open Interest Against 2024-04-19 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.
Most investors in Blackline cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Blackline's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Blackline's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Blackline is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Blackline to determine if accumulation or reduction is taking place in the market. This value is adjusted by Blackline trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 8287.61 | 36807.73 |
| Check Blackline Volatility | Backtest Blackline | Information Ratio |
Blackline Trading Date Momentum
| On April 15 2024 Blackline was traded for 60.84 at the closing time. The highest price during the trading period was 63.66 and the lowest recorded bid was listed for 60.74 . The volume for the day was 802.5 K. This history from April 15, 2024 did not affect price variability. The overall trading delta to the current price is 4.49% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Blackline to competition |
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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Accumulation Distribution | 36807.73 | |||
| Daily Balance Of Power | (0.92) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 62.2 | |||
| Day Typical Price | 61.75 | |||
| Price Action Indicator | (2.71) | |||
| Period Momentum Indicator | (2.70) | |||
| Relative Strength Index | 62.07 |
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.
| Mean Deviation | 1.95 | |||
| Semi Deviation | 2.2 | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.57 | |||
| Downside Variance | 5.89 | |||
| Semi Variance | 4.85 | |||
| Expected Short fall | (2.08) |
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.
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
| 0.86 | DJCO | Daily Journal Corp | PairCorr |
Moving against Blackline Stock
| 0.72 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.71 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.7 | VCSA | Vacasa Inc Financial Report 14th of May 2024 | PairCorr |
| 0.67 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.57 | VS | Versus Systems Financial Report 20th of May 2024 | 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 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Blackline Stock analysis
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.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
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 0.81 | Revenue Per Share 9.696 | Quarterly Revenue Growth 0.113 | Return On Assets (0) |
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.