Black Diamond Group Stock Market Value
| BDI Stock | CAD 11.83 0.04 0.34% |
| Symbol | Black |
Black Diamond '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 Diamond'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 Black Diamond.
| 05/16/2025 |
| 08/14/2025 |
If you would invest 0.00 in Black Diamond on May 16, 2025 and sell it all today you would earn a total of 0.00 from holding Black Diamond Group or generate 0.0% return on investment in Black Diamond over 90 days. Black Diamond is related to or competes with CES Energy, Calfrac Well, ACT Energy, Secure Energy, and Bird Construction. Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions More
Black Diamond 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 Diamond'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 Black Diamond Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.155 | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.45 |
Black Diamond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Black Diamond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Black Diamond's standard deviation. In reality, there are many statistical measures that can use Black Diamond historical prices to predict the future Black Diamond's volatility.| Risk Adjusted Performance | 0.1888 | |||
| Jensen Alpha | 0.3552 | |||
| Total Risk Alpha | 0.1234 | |||
| Sortino Ratio | 0.1882 | |||
| Treynor Ratio | 1.34 |
Black Diamond Group Backtested Returns
Black Diamond appears to be not too volatile, given 3 months investment horizon. Black Diamond Group secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Black Diamond Group, which you can use to evaluate the volatility of the firm. Please makes use of Black Diamond's risk adjusted performance of 0.1888, and Mean Deviation of 1.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Black Diamond holds a performance score of 18. 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, Black Diamond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Black Diamond is expected to be smaller as well. Please check Black Diamond's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to make a quick decision on whether Black Diamond's price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Black Diamond Group has very weak predictability. Overlapping area represents the amount of predictability between Black Diamond time series from 16th of May 2025 to 30th of June 2025 and 30th of June 2025 to 14th of August 2025. 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 Diamond Group price movement. The serial correlation of 0.17 indicates that over 17.0% of current Black Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Black Diamond Group lagged returns against current returns
Autocorrelation, which is Black Diamond 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 Diamond's stock expected returns. We can calculate the autocorrelation of Black Diamond returns to help us make a trade decision. For example, suppose you find that Black Diamond 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 Diamond 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 Diamond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Black Diamond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Black Diamond stock over time.
Current vs Lagged Prices |
| Timeline |
Black Diamond Lagged Returns
When evaluating Black Diamond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Black Diamond stock have on its future price. Black Diamond 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 Diamond autocorrelation shows the relationship between Black Diamond stock current value and its past values and can show if there is a momentum factor associated with investing in Black Diamond Group.
Regressed Prices |
| Timeline |
Pair Trading with Black Diamond
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 Diamond 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 Diamond will appreciate offsetting losses from the drop in the long position's value.Moving together with Black Stock
| 0.81 | AMZN | Amazon CDR | PairCorr |
| 0.91 | GOOG | Alphabet CDR | PairCorr |
| 0.69 | AAPL | Apple Inc CDR | PairCorr |
| 0.85 | MSFT | Microsoft Corp CDR | PairCorr |
Moving against Black Stock
The ability to find closely correlated positions to Black Diamond 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 Diamond 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 Diamond - 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 Diamond Group to buy it.
The correlation of Black Diamond 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 Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Diamond Group 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 Diamond 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.Other Information on Investing in Black Stock
Black Diamond financial ratios help investors to determine whether Black Stock 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 Black with respect to the benefits of owning Black Diamond security.