Black Diamond Therapeutics Stock Market Value
| BDTX Stock | USD 2.51 0.03 1.18% |
| Symbol | Black |
Black Diamond Therap Price To Book Ratio
Is Biotechnology space 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 Diamond. 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 Diamond listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.33) | Return On Assets (0.33) | Return On Equity (0.63) |
The market value of Black Diamond Therap 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 Diamond's value that differs from its market value or its book value, called intrinsic value, which is Black Diamond'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 Black Diamond's market value can be influenced by many factors that don't directly affect Black Diamond'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 Black Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Diamond'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.
Black Diamond '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 Black Diamond'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 Black Diamond.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Black Diamond on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Black Diamond Therapeutics or generate 0.0% return on investment in Black Diamond over 30 days. Black Diamond is related to or competes with Passage Bio, Alector, Revolution Medicines, Stoke Therapeutics, and Adaptimmune Therapeutics. Black Diamond Therapeutics, Inc., a biotechnology company, discover, develops, and commercializes medicines for patient ... More
Black Diamond 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 Black Diamond'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 Black Diamond Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (8.30) | |||
| Potential Upside | 5.56 |
Black Diamond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Diamond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Diamond's standard deviation. In reality, there are many statistical measures that can use Black Diamond historical prices to predict the future Black Diamond's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.52) | |||
| Total Risk Alpha | (1.94) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Black Diamond'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.
Black Diamond Therap Backtested Returns
Black Diamond Therap secures Sharpe Ratio (or Efficiency) of -0.3, which signifies that the company had a -0.3% return per unit of standard deviation over the last 3 months. Black Diamond Therapeutics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Black Diamond's mean deviation of 3.64, and Risk Adjusted Performance of (0.20) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.38, 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, Black Diamond will likely underperform. At this point, Black Diamond Therap has a negative expected return of -1.32%. Please make sure to confirm Black Diamond's total risk alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Black Diamond Therap performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Black Diamond Therapeutics has very good reverse predictability. Overlapping area represents the amount of predictability between Black Diamond time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Black Diamond Therap price movement. The serial correlation of -0.68 indicates that around 68.0% of current Black Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Black Diamond Therap lagged returns against current returns
Autocorrelation, which is Black Diamond 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 Black Diamond's stock expected returns. We can calculate the autocorrelation of Black Diamond returns to help us make a trade decision. For example, suppose you find that Black Diamond 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 |
Black Diamond 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 Black Diamond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Diamond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Diamond stock over time.
Current vs Lagged Prices |
| Timeline |
Black Diamond Lagged Returns
When evaluating Black Diamond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Diamond stock have on its future price. Black Diamond 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, Black Diamond autocorrelation shows the relationship between Black Diamond stock current value and its past values and can show if there is a momentum factor associated with investing in Black Diamond Therapeutics.
Regressed Prices |
| Timeline |
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When running Black Diamond's price analysis, check to measure Black Diamond'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 Black Diamond is operating at the current time. Most of Black Diamond's value examination focuses on studying past and present price action to predict the probability of Black Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Diamond's price. Additionally, you may evaluate how the addition of Black Diamond to your portfolios can decrease your overall portfolio volatility.