Blackline Net Working Capital from 2010 to 2025
| BLN Stock | 6.69 0.14 2.14% |
Net Working Capital | First Reported 2020-04-30 | Previous Quarter 71.7 M | Current Value 70.8 M | Quarterly Volatility 17 M |
Check Blackline Safety financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Blackline Safety's main balance sheet or income statement drivers, such as Total Revenue of 153.7 M, Gross Profit of 89.7 M or Other Operating Expenses of 166.6 M, as well as many indicators such as Price To Sales Ratio of 4.06, Dividend Yield of 0.0 or PTB Ratio of 4.9. Blackline financial statements analysis is a perfect complement when working with Blackline Safety Valuation or Volatility modules.
Blackline | Net Working Capital |
Pair Trading with Blackline Safety
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 Safety 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 Safety will appreciate offsetting losses from the drop in the long position's value.Moving against Blackline Stock
| 0.82 | GMG | Graphene Manufacturing | PairCorr |
| 0.74 | LFE | Canadian Life Companies | PairCorr |
| 0.69 | NPTH | NeuPath Health | PairCorr |
| 0.64 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.63 | AVR | Avaron Mining Corp | PairCorr |
The ability to find closely correlated positions to Blackline Safety 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 Safety 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 Safety - 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 Safety Corp to buy it.
The correlation of Blackline Safety 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 Safety moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackline Safety Corp 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 Safety 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.Other Information on Investing in Blackline Stock
Blackline Safety financial ratios help investors to determine whether Blackline Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackline with respect to the benefits of owning Blackline Safety security.