Blackberry Stock Market Value
| BB Stock | USD 2.87 0.02 0.69% |
| Symbol | BlackBerry |
BlackBerry Price To Book Ratio
Is BlackBerry'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 BlackBerry. If investors know BlackBerry 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 BlackBerry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Revenue Per Share 1.459 | Quarterly Revenue Growth 0.146 | Return On Assets (0.01) | Return On Equity (0.16) |
The market value of BlackBerry is measured differently than its book value, which is the value of BlackBerry that is recorded on the company's balance sheet. Investors also form their own opinion of BlackBerry's value that differs from its market value or its book value, called intrinsic value, which is BlackBerry'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 BlackBerry's market value can be influenced by many factors that don't directly affect BlackBerry'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 BlackBerry's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackBerry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackBerry'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.
BlackBerry 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BlackBerry's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BlackBerry.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in BlackBerry on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding BlackBerry or generate 0.0% return on investment in BlackBerry over 30 days. BlackBerry is related to or competes with Affirm Holdings, Block, Uipath, Toast, Cloudflare, Dlocal, and GigaCloud Technology. BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide More
BlackBerry Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BlackBerry's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BlackBerry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (7.02) | |||
| Potential Upside | 6.07 |
BlackBerry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackBerry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackBerry's standard deviation. In reality, there are many statistical measures that can use BlackBerry historical prices to predict the future BlackBerry's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BlackBerry's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BlackBerry Backtested Returns
We consider BlackBerry risky. BlackBerry secures Sharpe Ratio (or Efficiency) of 5.0E-4, which signifies that the company had a 5.0E-4% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for BlackBerry, which you can use to evaluate the volatility of the firm. Please confirm BlackBerry's mean deviation of 2.94, and Risk Adjusted Performance of (0.02) to double-check if the risk estimate we provide is consistent with the expected return of 0.0019%. The firm shows a Beta (market volatility) of 2.07, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BlackBerry will likely underperform. BlackBerry right now shows a risk of 3.54%. Please confirm BlackBerry total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if BlackBerry will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
BlackBerry has modest reverse predictability. Overlapping area represents the amount of predictability between BlackBerry time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BlackBerry price movement. The serial correlation of -0.41 indicates that just about 41.0% of current BlackBerry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BlackBerry lagged returns against current returns
Autocorrelation, which is BlackBerry stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BlackBerry's stock expected returns. We can calculate the autocorrelation of BlackBerry returns to help us make a trade decision. For example, suppose you find that BlackBerry has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BlackBerry regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BlackBerry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackBerry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackBerry stock over time.
Current vs Lagged Prices |
| Timeline |
BlackBerry Lagged Returns
When evaluating BlackBerry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackBerry stock have on its future price. BlackBerry autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BlackBerry autocorrelation shows the relationship between BlackBerry stock current value and its past values and can show if there is a momentum factor associated with investing in BlackBerry.
Regressed Prices |
| Timeline |
BlackBerry Investors Sentiment
The influence of BlackBerry's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BlackBerry. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to BlackBerry's public news can be used to forecast risks associated with an investment in BlackBerry. The trend in average sentiment can be used to explain how an investor holding BlackBerry can time the market purely based on public headlines and social activities around BlackBerry. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
BlackBerry's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for BlackBerry's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average BlackBerry's news discussions. The higher the estimated score, the more favorable is the investor's outlook on BlackBerry.
BlackBerry Implied Volatility | 75.96 |
BlackBerry's implied volatility exposes the market's sentiment of BlackBerry stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if BlackBerry's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that BlackBerry stock will not fluctuate a lot when BlackBerry's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BlackBerry in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BlackBerry's short interest history, or implied volatility extrapolated from BlackBerry options trading.
Pair Trading with BlackBerry
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 BlackBerry 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 BlackBerry will appreciate offsetting losses from the drop in the long position's value.Moving against BlackBerry Stock
| 0.48 | PGYWW | Pagaya Technologies | PairCorr |
The ability to find closely correlated positions to BlackBerry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlackBerry 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 BlackBerry - 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 BlackBerry to buy it.
The correlation of BlackBerry 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 BlackBerry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackBerry 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 BlackBerry 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 BlackBerry Correlation, BlackBerry Volatility and BlackBerry Alpha and Beta module to complement your research on BlackBerry. For information on how to trade BlackBerry Stock refer to our How to Trade BlackBerry Stock guide.Note that the BlackBerry information on this page should be used as a complementary analysis to other BlackBerry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for BlackBerry Stock analysis
When running BlackBerry's price analysis, check to measure BlackBerry'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 BlackBerry is operating at the current time. Most of BlackBerry's value examination focuses on studying past and present price action to predict the probability of BlackBerry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BlackBerry's price. Additionally, you may evaluate how the addition of BlackBerry to your portfolios can decrease your overall portfolio volatility.
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BlackBerry technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.