Score 8.7 (out of 10): BLACKSTONE INC poised to seasonally rally by +15.9% during the next 90 days.

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What’s Going On Here?

BLACKSTONE is the world’s largest alternative investment firm with $731bn assets under management. The company just announced the successful close of their $5.6bn Strategic Capital Holdings II fund. Blackstone also said that more sports and media deals are coming.

Why Now?

BLACKSTONE INC indicates an interesting 90 days seasonal set up. During similar occasions, BLACKSTONE INC shares had a median return of +15.9% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for BLACKSTONE INC received a high score of 8.7 (out of 10). This insight was generated with last price of 144.39.

What’s This Company About?

BLACKSTONE INC is in the Private Equity business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 3.5% more (average). Ticker symbol: BX US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 167.38 (+15.9%) has been reached. Based on BLACKSTONE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 134.49 (last price at 144.39), which is equivalent to a -6.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

17.7% (November-2021), 20.4% (November-2020), 8.5% (November-2019), 8.4% (November-2018), 14.2% (November-2017), -12.8% (November- 2016), 13.2% (November-2015), 17.9% (November-2014), 28.2% (November-2013), 22.3% (November-2012)

Historical Chart:

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Summary:

NameBLACKSTONE INC
ViewUp
Star (1 to 10)8.7
Target+15.9%
Time90 days
Hit Rate90%

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