Block (Brazil) Market Value
| S2QU34 Stock | BRL 21.47 0.23 1.08% |
| Symbol | Block |
Block '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 Block'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 Block.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Block on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Block Inc or generate 0.0% return on investment in Block over 540 days. Block is related to or competes with Lloyds Banking, Bread Financial, Take Two, Zoom Video, Monster Beverage, Broadcom, and Paycom Software. Square, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments also provide re... More
Block 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 Block'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 Block Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.1507 | |||
| Maximum Drawdown | 23.91 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 5.69 |
Block Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Block's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Block's standard deviation. In reality, there are many statistical measures that can use Block historical prices to predict the future Block's volatility.| Risk Adjusted Performance | 0.1516 | |||
| Jensen Alpha | 0.7099 | |||
| Total Risk Alpha | 0.1159 | |||
| Sortino Ratio | 0.1681 | |||
| Treynor Ratio | (0.86) |
Block Inc Backtested Returns
Block appears to be somewhat reliable, given 3 months investment horizon. Block Inc secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Block's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Block's Risk Adjusted Performance of 0.1516, mean deviation of 2.17, and Downside Deviation of 3.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Block holds a performance score of 14. The firm shows a Beta (market volatility) of -0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Block are expected to decrease at a much lower rate. During the bear market, Block is likely to outperform the market. Please check Block's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Block's price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Block Inc has modest predictability. Overlapping area represents the amount of predictability between Block time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Block Inc price movement. The serial correlation of 0.5 indicates that about 50.0% of current Block price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.16 |
Block Inc lagged returns against current returns
Autocorrelation, which is Block 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 Block's stock expected returns. We can calculate the autocorrelation of Block returns to help us make a trade decision. For example, suppose you find that Block 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 |
Block 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 Block stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Block stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Block stock over time.
Current vs Lagged Prices |
| Timeline |
Block Lagged Returns
When evaluating Block's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Block stock have on its future price. Block 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, Block autocorrelation shows the relationship between Block stock current value and its past values and can show if there is a momentum factor associated with investing in Block Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Block Stock
When determining whether Block Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Block Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Block Inc Stock. Highlighted below are key reports to facilitate an investment decision about Block Inc Stock:Check out Block Correlation, Block Volatility and Block Alpha and Beta module to complement your research on Block. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Block 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.