Black Hills Stock Market Value
| BKH Stock | USD 54.54 0.17 0.31% |
| Symbol | Black |
Black Hills Price To Book Ratio
Is Black Hills' industry 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 Hills. 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 Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.057 | Dividend Share 2.5 | Earnings Share 3.91 | Revenue Per Share 34.796 | Quarterly Revenue Growth (0.25) |
The market value of Black Hills 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 Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' 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 Hills' market value can be influenced by many factors that don't directly affect Black Hills' 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 Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' 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 Hills '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 Hills' 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 Hills.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Black Hills on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Black Hills or generate 0.0% return on investment in Black Hills over 30 days. Black Hills is related to or competes with NorthWestern, Avista, Otter Tail, Companhia Paranaense, Allete, Montauk Renewables, and Sempra Energy. Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United... More
Black Hills 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 Hills' 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 Hills upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0367 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.94 |
Black Hills Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Hills' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Hills' standard deviation. In reality, there are many statistical measures that can use Black Hills historical prices to predict the future Black Hills' volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.1172 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Black Hills' 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 Hills Backtested Returns
We consider Black Hills very steady. Black Hills secures Sharpe Ratio (or Efficiency) of 0.0978, which signifies that the company had a 0.0978% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Black Hills, which you can use to evaluate the volatility of the firm. Please confirm Black Hills' mean deviation of 1.14, and Risk Adjusted Performance of 0.0683 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Black Hills has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.2, 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 Hills will likely underperform. Black Hills right now shows a risk of 1.49%. Please confirm Black Hills sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Black Hills will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Black Hills has insignificant reverse predictability. Overlapping area represents the amount of predictability between Black Hills time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Hills price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Black Hills price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Black Hills lagged returns against current returns
Autocorrelation, which is Black Hills 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 Hills' stock expected returns. We can calculate the autocorrelation of Black Hills returns to help us make a trade decision. For example, suppose you find that Black Hills 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 Hills 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 Hills stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Hills stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Hills stock over time.
Current vs Lagged Prices |
| Timeline |
Black Hills Lagged Returns
When evaluating Black Hills' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Hills stock have on its future price. Black Hills 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 Hills autocorrelation shows the relationship between Black Hills stock current value and its past values and can show if there is a momentum factor associated with investing in Black Hills.
Regressed Prices |
| Timeline |
Black Hills Investors Sentiment
The influence of Black Hills' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Black. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Black Hills' public news can be used to forecast risks associated with an investment in Black. The trend in average sentiment can be used to explain how an investor holding Black can time the market purely based on public headlines and social activities around Black Hills. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Black Hills' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Black Hills' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Black Hills' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Black Hills.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Black Hills in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Black Hills' short interest history, or implied volatility extrapolated from Black Hills options trading.
Pair Trading with Black Hills
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 Black Hills 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 Black Hills will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
| 0.88 | NI | NiSource Financial Report 1st of May 2024 | PairCorr |
| 0.79 | SR | Spire Inc Earnings Call This Week | PairCorr |
| 0.87 | ATO | Atmos Energy Financial Report 1st of May 2024 | PairCorr |
| 0.71 | CPK | Chesapeake Utilities Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Black Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Hills 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 Black Hills - 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 Black Hills to buy it.
The correlation of Black Hills 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 Black Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Hills 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 Black Hills 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 Black Hills Correlation, Black Hills Volatility and Black Hills Alpha and Beta module to complement your research on Black Hills. For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Black Stock analysis
When running Black Hills' price analysis, check to measure Black Hills' 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 Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
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Black Hills 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.