Black Hills Stock Technical Analysis
BKH Stock | USD 51.20 0.80 1.54% |
As of the 17th of April 2024, Black Hills shows the risk adjusted performance of (0.01), and Mean Deviation of 1.17. Black Hills technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for Black Hills, which can be compared to its peers. Please confirm Black Hills information ratio, and the relationship between the coefficient of variation and value at risk to decide if Black Hills is priced correctly, providing market reflects its regular price of 51.2 per share. Given that Black Hills has information ratio of (0.07), we suggest you to validate Black Hills's prevailing market performance to make sure the company can sustain itself at a future point.
Black Hills Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Black, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlackBlack |
Black Hills Analyst Consensus
Target Price | Advice | # of Analysts | |
61.0 | Buy | 4 | Odds |
Most Black analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Black stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Black Hills, talking to its executives and customers, or listening to Black conference calls.
Black Hills 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.
Black Hills Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Black Hills volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Black Hills Trend Analysis
Use this graph to draw trend lines for Black Hills. You can use it to identify possible trend reversals for Black Hills as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Black Hills price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Black Hills Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Black Hills applied against its price change over selected period. The best fit line has a slop of 0.05 , which may imply that Black Hills will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 104.02, which is the sum of squared deviations for the predicted Black Hills price change compared to its average price change.About Black Hills Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Black Hills on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Black Hills based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Black Hills price pattern first instead of the macroeconomic environment surrounding Black Hills. By analyzing Black Hills's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Black Hills's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Black Hills specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0325 | 0.0344 | 0.0465 | 0.0421 | Price To Sales Ratio | 10.78 | 9.95 | 1.55 | 1.66 |
Black Hills April 17, 2024 Technical Indicators
Most technical analysis of Black help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Black from various momentum indicators to cycle indicators. When you analyze Black charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.01) | |||
Market Risk Adjusted Performance | (0.04) | |||
Mean Deviation | 1.17 | |||
Coefficient Of Variation | (3,184) | |||
Standard Deviation | 1.53 | |||
Variance | 2.35 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.18) | |||
Treynor Ratio | (0.05) | |||
Maximum Drawdown | 7.36 | |||
Value At Risk | (2.95) | |||
Potential Upside | 2.32 | |||
Skewness | (0.16) | |||
Kurtosis | 0.4636 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Hills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Black Stock analysis
When running Black Hills' price analysis, check to measure Black Hills' 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 Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
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Is Black Hills' 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 Black Hills. If investors know Black 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 Black Hills 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 0.057 | Dividend Share 2.5 | Earnings Share 3.91 | Revenue Per Share 34.796 | Quarterly Revenue Growth (0.25) |
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' 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 Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' 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 Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' 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.