Blackline Safety Corp Stock Market Value
| BLKLF Stock | USD 4.58 0.02 0.44% |
| Symbol | Blackline |
Blackline Safety '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 Blackline Safety's pink sheet 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 Blackline Safety.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Blackline Safety on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Blackline Safety Corp or generate 0.0% return on investment in Blackline Safety over 720 days. Blackline Safety is related to or competes with BASE, Computer Modelling, CurrentC Power, Agent Information, RenoWorks Software, and LifeSpeak. Blackline Safety Corp., develops, manufactures, and markets worker safety monitoring products and services in Canada, th... More
Blackline Safety 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 Blackline Safety's pink sheet 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 Blackline Safety Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 15.24 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.42 |
Blackline Safety Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackline Safety's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackline Safety's standard deviation. In reality, there are many statistical measures that can use Blackline Safety historical prices to predict the future Blackline Safety's volatility.| Risk Adjusted Performance | 0.1633 | |||
| Jensen Alpha | 0.4146 | |||
| Total Risk Alpha | 0.1556 | |||
| Sortino Ratio | 0.1683 | |||
| Treynor Ratio | 1.55 |
Blackline Safety Corp Backtested Returns
Blackline Safety appears to be very risky, given 3 months investment horizon. Blackline Safety Corp secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackline Safety Corp, which you can use to evaluate the volatility of the firm. Please makes use of Blackline Safety's risk adjusted performance of 0.1633, and Mean Deviation of 1.18 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Blackline Safety holds a performance score of 15. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackline Safety's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackline Safety is expected to be smaller as well. Please check Blackline Safety's value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Blackline Safety's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Blackline Safety Corp has good predictability. Overlapping area represents the amount of predictability between Blackline Safety time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Blackline Safety Corp price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Blackline Safety price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Blackline Safety Corp lagged returns against current returns
Autocorrelation, which is Blackline Safety pink sheet'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 Blackline Safety's pink sheet expected returns. We can calculate the autocorrelation of Blackline Safety returns to help us make a trade decision. For example, suppose you find that Blackline Safety has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Blackline Safety 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 Blackline Safety pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackline Safety pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackline Safety pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Blackline Safety Lagged Returns
When evaluating Blackline Safety's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackline Safety pink sheet have on its future price. Blackline Safety 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, Blackline Safety autocorrelation shows the relationship between Blackline Safety pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Blackline Safety Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Blackline Pink Sheet
Blackline Safety financial ratios help investors to determine whether Blackline Pink Sheet 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.