Black Hills Corporation

10-Year Study

BKH.US · Utilities · US · Common Stock

Executive Summary: Black Hills Corporation has compounded at 6.1% annually over the last 10 years, with a maximum drawdown of 34.3% and an annualized volatility of 27.2%.

1Y CAGR
+39.2%
3Y CAGR
+12.9%
5Y CAGR
+7.3%
10Y CAGR
+6.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
34.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.19
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.32
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
19.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +28.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · -19.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20265.11.9-5.810.7————————11.7%
20250.45.4-0.90.4-2.9-4.13.04.73.03.017.5-5.923.9%
2024-4.11.84.90.54.0-3.78.61.33.4-3.29.4-8.713.6%
20232.9-14.32.83.5-5.7-1.10.1-7.8-8.0-4.48.04.6-19.9%
2022-4.04.310.0-4.95.5-5.16.1-1.5-10.3-3.510.6-1.83.1%
2021-3.81.012.93.3-3.8-0.23.14.8-10.85.8-2.510.118.9%
20205.7-12.5-11.3-3.30.6-8.22.1-2.2-4.65.98.31.0-19.1%
20198.15.34.4-1.85.42.61.3-2.40.02.7-2.22.628.6%
2018-7.6-7.76.94.43.55.2-2.0-1.1-1.32.412.2-5.28.0%
20172.04.52.52.32.9-3.03.21.7-2.1-5.2-9.62.70.8%
2016———0.80.64.10.0-6.54.61.0-4.34.44.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 27.2%. The dominant macroeconomic risk driver is SHV.US, accounting for 41.3% of variance. Idiosyncratic stock-specific factors contribute 15.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110076.50817359555
2016-05-0110138.648837677963
2016-06-0110557.321858292731
2016-07-0110558.98147160283
2016-08-019869.080218594783
2016-09-0110326.185141719123
2016-10-0110432.447811088588
2016-11-019981.364913403748
2016-12-0110421.399528195645
2017-01-0110626.978199793733
2017-02-0111103.097549699492
2017-03-0111375.20300627097
2017-04-0111640.456630747893
2017-05-0111978.069395545124
2017-06-0111621.513330251195
2017-07-0111998.74343563664
2017-08-0112200.220491482627
2017-09-0111938.475763718483
2017-10-0111312.683002003392
2017-11-0110225.825953981293
2017-12-0110505.44708797136
2018-01-019708.500776461942
2018-02-018957.952511350568
2018-03-019577.011984778976
2018-04-019996.799317187666
2018-05-0110344.393470607063
2018-06-0110886.873644155197
2018-07-0110666.311035243074
2018-08-0110549.166044311676
2018-09-0110412.935500314143
2018-10-0110665.69460744218
2018-11-0111963.678177270409
2018-12-0111343.907440994819
2019-01-0112267.245160449043
2019-02-0112918.264044477637
2019-03-0113480.635868985382
2019-04-0113242.220562608913
2019-05-0113961.307301113126
2019-06-0114322.249487298031
2019-07-0114501.819647450715
2019-08-0114148.013798499234
2019-09-0114151.712365304598
2019-10-0114539.018694358501
2019-11-0114222.222222222223
2019-12-0114588.119539575851
2020-01-0115422.098936662045
2020-02-0113496.615574285477
2020-03-0111969.368280047891
2020-04-0111578.671598089075
2020-05-0111645.269509347181
2020-06-0110692.295837926906
2020-07-0110918.738219709094
2020-08-0110680.46516590206
2020-09-0110187.204381379139
2020-10-0110790.924286069916
2020-11-0111689.770854819399
2020-12-0111808.907381722915
2021-01-0111361.143710658274
2021-02-0111473.42840546724
2021-03-0112949.298813376485
2021-04-0113377.905805090271
2021-05-0112866.76861434143
2021-06-0112835.473049065282
2021-07-0113230.532143153501
2021-08-0113862.868523062696
2021-09-0112370.733904714489
2021-10-0113084.272793010656
2021-11-0112753.582986592695
2021-12-0114036.4877840606
2022-01-0113473.59436679825
2022-02-0114046.303211351755
2022-03-0115457.140486266699
2022-04-0114698.531242220562
2022-05-0115505.364107305855
2022-06-0114718.565145749611
2022-07-0115614.590371871926
2022-08-0115382.789809974276
2022-09-0113803.335822753297
2022-10-0113322.379885486682
2022-11-0114734.805647427007
2022-12-0114469.433479142217
2023-01-0114889.078558981471
2023-02-0112756.759960643456
2023-03-0113107.815593252486
2023-04-0113562.763019073698
2023-05-0112786.040281185913
2023-06-0112641.274583022157
2023-07-0112655.974015197315
2023-08-0111667.128987517337
2023-09-0110731.65238213782
2023-10-0110256.481382694976
2023-11-0111076.140687791174
2023-12-0111582.82063136432
2024-01-0111112.628471851773
2024-02-0111313.60764370473
2024-03-0111872.446862738125
2024-04-0111937.669665825006
2024-05-0112416.634067119503
2024-06-0111961.331009874699
2024-07-0112988.536813779532
2024-08-0113151.819054731677
2024-09-0113596.737674407577
2024-10-0113167.395711085033
2024-11-0114402.219140083218
2024-12-0113154.640397358844
2025-01-0113201.844541650367
2025-02-0113910.214919923657
2025-03-0113789.703284848916
2025-04-0113846.556895100586
2025-05-0113449.008381047217
2025-06-0112903.872826202925
2025-07-0113290.30193107863
2025-08-0113909.835579738492
2025-09-0114323.790556800264
2025-10-0114751.733703190013
2025-11-0117328.615289780337
2025-12-0116302.38154509999
2026-01-0117138.39989568145
2026-02-0117463.873774553384
2026-03-0116456.251407707718
2026-04-0118215.44151641239
Annual Return Matrix
YearAnnual Return
20170.008064901412552228
20180.07981196288004622
20190.2859871799426923
2020-0.1905120224929101
20210.18863560618532693
20220.030844303912924476
2023-0.19949729558790041
20240.13570267692295102
20250.23928751016053185
20260.11734849696775784
Total Factor Risk
0.2717823428991915
VTI.US Exposure
-0.0697179223076369
VEA.US Exposure
0.009051368742076814
VWO.US Exposure
0.04429828753283909
QQQ.US Exposure
0.02010383068267071
VTV.US Exposure
0.22067922756630226
IJR.US Exposure
-0.03270765297776941
QUAL.US Exposure
-0.05064739697501244
SHV.US Exposure
0.41331329618483714
TLT.US Exposure
-0.03231583843158926
LQD.US Exposure
0.09641553930598419
HYG.US Exposure
-0.017939413331550712
GLD.US Exposure
0.01624127654582738
USO.US Exposure
0.0049481848127510735
VNQ.US Exposure
0.15868175871386353
BTC-USD.CC Exposure
0.019664255920256495
CPER.US Exposure
-0.015647963736154177
VIX.INDX Exposure
0.03391846143036042
UUP.US Exposure
-0.011786484881135654
TIP.US Exposure
0.04197116563869431
Idiosyncratic Exposure
0.15147601956438517
Value Score
42.8
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
45.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
27.2%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →17.9x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.82%
Market Cap$5.4B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$167
Avg Yield on Cost
1.67%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$166.671.67%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+6.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+17.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.71
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Black Hills Corporation a high-risk investment?

Black Hills Corporation (BKH.US) has an annualized volatility of 27.2% and experienced a maximum drawdown of 34.3% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BKH.US?

Over the past 10 years, BKH.US has generated a Compound Annual Growth Rate (CAGR) of 6.1%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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