Bridge Builder Large Fund Market Value
| BBVLX Fund | USD 17.10 0.15 0.88% |
| Symbol | Bridge |
Bridge Builder '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 Bridge Builder's mutual fund 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 Bridge Builder.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Bridge Builder on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bridge Builder Large or generate 0.0% return on investment in Bridge Builder over 30 days. Bridge Builder is related to or competes with Edgewood Growth, Hartford Schroders, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. The fund invests, under normal market conditions, at least 80 percent of its net assets in the securities of large capit... More
Bridge Builder 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 Bridge Builder's mutual fund 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 Bridge Builder Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6688 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.885 |
Bridge Builder Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bridge Builder's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bridge Builder's standard deviation. In reality, there are many statistical measures that can use Bridge Builder historical prices to predict the future Bridge Builder's volatility.| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0865 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bridge Builder's 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.
Bridge Builder Large Backtested Returns
We consider Bridge Builder very steady. Bridge Builder Large secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bridge Builder Large, which you can use to evaluate the volatility of the entity. Please confirm Bridge Builder's Risk Adjusted Performance of 0.0927, downside deviation of 0.6688, and Mean Deviation of 0.4521 to double-check if the risk estimate we provide is consistent with the expected return of 0.0789%. The fund shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Bridge Builder returns are very sensitive to returns on the market. As the market goes up or down, Bridge Builder is expected to follow.
Auto-correlation | -0.02 |
Very weak reverse predictability
Bridge Builder Large has very weak reverse predictability. Overlapping area represents the amount of predictability between Bridge Builder time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Bridge Builder Large price movement. The serial correlation of -0.02 indicates that only 2.0% of current Bridge Builder price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Bridge Builder Large lagged returns against current returns
Autocorrelation, which is Bridge Builder mutual fund'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 Bridge Builder's mutual fund expected returns. We can calculate the autocorrelation of Bridge Builder returns to help us make a trade decision. For example, suppose you find that Bridge Builder has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Bridge Builder 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 Bridge Builder mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bridge Builder mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bridge Builder mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Bridge Builder Lagged Returns
When evaluating Bridge Builder's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bridge Builder mutual fund have on its future price. Bridge Builder 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, Bridge Builder autocorrelation shows the relationship between Bridge Builder mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bridge Builder Large.
Regressed Prices |
| Timeline |
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 Bridge Builder 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, Bridge Builder's short interest history, or implied volatility extrapolated from Bridge Builder options trading.
Pair Trading with Bridge Builder
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 Bridge Builder 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 Bridge Builder will appreciate offsetting losses from the drop in the long position's value.Moving together with Bridge Mutual Fund
| 0.87 | BBGLX | Bridge Builder Large | PairCorr |
| 0.89 | BBGSX | Bridge Builder Smallmid | PairCorr |
| 0.96 | BBIEX | Bridge Builder Inter | PairCorr |
The ability to find closely correlated positions to Bridge Builder could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridge Builder 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 Bridge Builder - 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 Bridge Builder Large to buy it.
The correlation of Bridge Builder 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 Bridge Builder moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridge Builder Large 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 Bridge Builder 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 Bridge Builder Correlation, Bridge Builder Volatility and Bridge Builder Alpha and Beta module to complement your research on Bridge Builder. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Bridge Builder technical mutual fund 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, fund market cycles, or different charting patterns.