Blackberry Stock Market Value
| BB Stock | CAD 3.29 0.03 0.92% |
| Symbol | BlackBerry |
BlackBerry Price To Book Ratio
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.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in BlackBerry on November 29, 2023 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 360 days. BlackBerry is related to or competes with Air Canada, Lightspeed Commerce, Shopify, Suncor Energy, and Cineplex. 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.
| Downside Deviation | 2.7 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.4 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.31 |
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 | 0.0121 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0154 |
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
As of now, BlackBerry Stock is moderately volatile. BlackBerry secures Sharpe Ratio (or Efficiency) of 0.0339, which signifies that the company had a 0.0339% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for BlackBerry, which you can use to evaluate the volatility of the firm. Please confirm BlackBerry's risk adjusted performance of 0.0121, and Mean Deviation of 1.86 to double-check if the risk estimate we provide is consistent with the expected return of 0.0823%. BlackBerry has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BlackBerry's returns are expected to increase less than the market. However, during the bear market, the loss of holding BlackBerry is expected to be smaller as well. BlackBerry right now shows a risk of 2.43%. Please confirm BlackBerry value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if BlackBerry will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
BlackBerry has modest predictability. Overlapping area represents the amount of predictability between BlackBerry time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd of November 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 0.56 indicates that roughly 56.0% of current BlackBerry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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 |
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.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. To learn how to invest in BlackBerry Stock, please use our How to Invest in BlackBerry guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.