BlackLine Market Capitalization vs Average Equity Analysis

BL -- USA Stock  

Earning Report: November 6, 2019  

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 Market Capitalization and its Average Equity accounts. Check also Trending Equities.

Market Capitalization vs Average Equity

Accounts Relationship

Market Capitalization vs Average Equity

Significance: Fragmental Relationship

Market Capitalization diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of BlackLine Market Capitalization account and Average Equity

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Market Capitalization

Market capitalization (or market cap) is the total value of the shares outstanding of BlackLine. It is equal to BlackLine current share price times the number of BlackLine outstanding shares. Represents the product of [SharesBas]; [Price] and [ShareFactor].

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from [Equity].
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