The firm shows Beta (market volatility) of -2.1768 which signifies that as returns on market increase, returns on owning BlackLine are expected to decrease by larger amounts. On the other hand, during market turmoil, BlackLine is expected to significantly outperform it. 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. Macroaxis philosophy in foreseeing future performance of any stock 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 expected return of -0.0366%. Please be advised to confirm BlackLine Jensen Alpha
, Semi Variance
and the relationship
between Standard Deviation
and Value At Risk
to decide if BlackLine
past performance will be repeated at some point in the near future.
Over the last 30 days BlackLine has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, BlackLine is not utilizing all of its potentials. The recent stock price chaos, may contribute to medium term losses for the stakeholders.
|Fifty Two Week Low||34.01|
|Target High Price||62.00|
|Fifty Two Week High||58.11|
|Target Low Price||41.00|