Black Diamond Therapeutics Stock Technical Analysis
BDTX Stock | USD 4.78 0.02 0.42% |
As of the 3rd of June, Black Diamond shows the mean deviation of 4.31, and Risk Adjusted Performance of 0.0199. Black Diamond Therap technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Black Diamond Therapeutics, which can be compared to its peers. Please confirm Black Diamond Therap standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Black Diamond Therap is priced correctly, providing market reflects its regular price of 4.78 per share. Given that Black Diamond has jensen alpha of 0.0552, we suggest you to validate Black Diamond Therapeutics's prevailing market performance to make sure the company can sustain itself at a future point.
Black Diamond Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Black, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlackBlack |
Black Diamond Analyst Consensus
Target Price | Advice | # of Analysts | |
11.33 | Strong Buy | 6 | Odds |
Most Black analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Black stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Black Diamond Therap, talking to its executives and customers, or listening to Black conference calls.
Black Diamond 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.
Black Diamond Therap Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Black Diamond Therap volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Black Diamond Therap Trend Analysis
Use this graph to draw trend lines for Black Diamond Therapeutics. You can use it to identify possible trend reversals for Black Diamond as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Black Diamond price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Black Diamond Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Black Diamond Therapeutics applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Black Diamond Therapeutics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.58, which is the sum of squared deviations for the predicted Black Diamond price change compared to its average price change.About Black Diamond Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Black Diamond Therapeutics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Black Diamond Therapeutics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Black Diamond Therap price pattern first instead of the macroeconomic environment surrounding Black Diamond Therap. By analyzing Black Diamond's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Black Diamond's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Black Diamond specific price patterns or momentum indicators. Please read more on our technical analysis page.
Black Diamond June 3, 2024 Technical Indicators
Most technical analysis of Black help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Black from various momentum indicators to cycle indicators. When you analyze Black charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
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Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0199 | |||
Market Risk Adjusted Performance | 0.1034 | |||
Mean Deviation | 4.31 | |||
Semi Deviation | 4.65 | |||
Downside Deviation | 4.73 | |||
Coefficient Of Variation | 5698.28 | |||
Standard Deviation | 5.63 | |||
Variance | 31.65 | |||
Information Ratio | 0.0095 | |||
Jensen Alpha | 0.0552 | |||
Total Risk Alpha | (0.23) | |||
Sortino Ratio | 0.0113 | |||
Treynor Ratio | 0.0934 | |||
Maximum Drawdown | 25.93 | |||
Value At Risk | (7.09) | |||
Potential Upside | 11.69 | |||
Downside Variance | 22.33 | |||
Semi Variance | 21.59 | |||
Expected Short fall | (4.84) | |||
Skewness | 0.8307 | |||
Kurtosis | 0.6335 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Diamond Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Black Stock analysis
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.
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Is Black Diamond's 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 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 (1.66) | Return On Assets (0.38) | Return On Equity (0.79) |
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.