Block (Australia) Market Value
| SQ2 Stock | 138.69 4.82 3.36% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Block on October 28, 2024 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 30 days. Block is related to or competes with Alternative Investment, BlackWall Property, Australian United, Garda Diversified, Australian Unity, Platinum Asset, and Sandon Capital. Block is entity of Australia. It is traded as Stock on AU exchange. 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 | 1.91 | |||
| Information Ratio | 0.1783 | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.35 |
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 | 0.1826 | |||
| Jensen Alpha | 0.5624 | |||
| Total Risk Alpha | 0.1732 | |||
| Sortino Ratio | 0.2362 | |||
| Treynor Ratio | 6.9 |
Block Inc Backtested Returns
Block appears to be very steady, given 3 months investment horizon. Block Inc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. By analyzing Block's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Block's Downside Deviation of 1.91, risk adjusted performance of 0.1826, and Mean Deviation of 1.92 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 19. The firm shows a Beta (market volatility) of 0.083, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Block's returns are expected to increase less than the market. However, during the bear market, the loss of holding Block is expected to be smaller as well. Please check Block's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Block's price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Block Inc has poor predictability. Overlapping area represents the amount of predictability between Block time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 0.28 indicates that nearly 28.0% of current Block price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 33.04 |
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 |
Thematic Opportunities
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Additional Tools for Block Stock Analysis
When running Block's price analysis, check to measure Block'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 Block is operating at the current time. Most of Block's value examination focuses on studying past and present price action to predict the probability of Block's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Block's price. Additionally, you may evaluate how the addition of Block to your portfolios can decrease your overall portfolio volatility.