Blackrock High Income Fund Market Value
BDHIX Fund | USD 8.38 0.03 0.36% |
Symbol | Blackrock |
Blackrock High '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 Blackrock High'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 Blackrock High.
02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Blackrock High on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock High Income or generate 0.0% return on investment in Blackrock High over 60 days. Blackrock High is related to or competes with Blackrock California, Blackrock Eurofund, Blackrock Equity, Blackrock Large, Bats Series, Blackrock Strategic, and Blackrock New. The fund may invest up to 100 percent of its assets in equity securities and up to 100 percent of its assets in fixed-in... More
Blackrock High 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 Blackrock High'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 Blackrock High Income upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4363 | |||
Information Ratio | (0.14) | |||
Maximum Drawdown | 1.99 | |||
Value At Risk | (0.59) | |||
Potential Upside | 0.4872 |
Blackrock High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock High's standard deviation. In reality, there are many statistical measures that can use Blackrock High historical prices to predict the future Blackrock High's volatility.Risk Adjusted Performance | 0.0572 | |||
Jensen Alpha | (0.01) | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | (0.11) | |||
Treynor Ratio | 0.0544 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock High'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.
Blackrock High Me Backtested Returns
We consider Blackrock High very steady. Blackrock High Me secures Sharpe Ratio (or Efficiency) of 0.0771, which signifies that the fund had a 0.0771% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock High Income, which you can use to evaluate the volatility of the entity. Please confirm Blackrock High's mean deviation of 0.2608, and Risk Adjusted Performance of 0.0572 to double-check if the risk estimate we provide is consistent with the expected return of 0.0279%. The fund shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock High is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
Blackrock High Income has very good reverse predictability. Overlapping area represents the amount of predictability between Blackrock High time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd 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 Blackrock High Me price movement. The serial correlation of -0.68 indicates that around 68.0% of current Blackrock High price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.68 | |
Spearman Rank Test | -0.83 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Blackrock High Me lagged returns against current returns
Autocorrelation, which is Blackrock High 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 Blackrock High's mutual fund expected returns. We can calculate the autocorrelation of Blackrock High returns to help us make a trade decision. For example, suppose you find that Blackrock High 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 |
Blackrock High 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 Blackrock High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock High mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock High mutual fund over time.
Current vs Lagged Prices |
Timeline |
Blackrock High Lagged Returns
When evaluating Blackrock High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock High mutual fund have on its future price. Blackrock High 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, Blackrock High autocorrelation shows the relationship between Blackrock High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock High Income.
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 Blackrock High 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, Blackrock High's short interest history, or implied volatility extrapolated from Blackrock High options trading.
Pair Trading with Blackrock High
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 Blackrock High 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 Blackrock High will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
0.74 | MKCMX | Blackrock California | PairCorr |
0.98 | MKCPX | Blackrock Balanced | PairCorr |
0.95 | MKEFX | Blackrock Eurofund Class | PairCorr |
0.92 | MKDCX | Blackrock Emerging | PairCorr |
0.98 | MKDVX | Blackrock Equity Dividend | PairCorr |
The ability to find closely correlated positions to Blackrock High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackrock High 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 Blackrock High - 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 Blackrock High Income to buy it.
The correlation of Blackrock High 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 Blackrock High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock High Me 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 Blackrock High 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 Blackrock High Correlation, Blackrock High Volatility and Blackrock High Alpha and Beta module to complement your research on Blackrock High. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Blackrock High 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.