Blackrock Low Duration Fund Market Value
| BFMSX Fund | USD 8.93 0.01 0.11% |
| Symbol | Blackrock |
Blackrock Low '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 Low'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 Low.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Blackrock Low on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Low Duration or generate 0.0% return on investment in Blackrock Low over 720 days. Blackrock Low is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Emerging, Blackrock Equity, Blackrock Advantage, and Blackrock Large. The fund invests primarily in investment grade bonds and maintains an average portfolio duration that is between 0 and 3... More
Blackrock Low 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 Low'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 Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1953 | |||
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 0.8954 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2237 |
Blackrock Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Low's standard deviation. In reality, there are many statistical measures that can use Blackrock Low historical prices to predict the future Blackrock Low's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Low'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 Low Duration Backtested Returns
We consider Blackrock Low very steady. Blackrock Low Duration secures Sharpe Ratio (or Efficiency) of 0.0358, which signifies that the fund had a 0.0358% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Low Duration, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Low's risk adjusted performance of (0.01), and Mean Deviation of 0.0954 to double-check if the risk estimate we provide is consistent with the expected return of 0.0055%. The fund shows a Beta (market volatility) of 0.0403, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Low's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Low is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Blackrock Low Duration has modest predictability. Overlapping area represents the amount of predictability between Blackrock Low time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 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 Low Duration price movement. The serial correlation of 0.52 indicates that about 52.0% of current Blackrock Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Blackrock Low Duration lagged returns against current returns
Autocorrelation, which is Blackrock Low 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 Low's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Low returns to help us make a trade decision. For example, suppose you find that Blackrock Low 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 Low 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 Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Low 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 Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Low Lagged Returns
When evaluating Blackrock Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Low mutual fund have on its future price. Blackrock Low 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 Low autocorrelation shows the relationship between Blackrock Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Low Duration.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Low
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 Low 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 Low will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.66 | MKCMX | Blackrock California | PairCorr |
| 0.78 | MKCPX | Blackrock Balanced | PairCorr |
| 0.7 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.73 | MKDCX | Blackrock Emerging | PairCorr |
| 0.77 | MKDVX | Blackrock Equity Dividend | PairCorr |
The ability to find closely correlated positions to Blackrock Low 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 Low 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 Low - 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 Low Duration to buy it.
The correlation of Blackrock Low 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 Low moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Low Duration 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 Low 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 Low Correlation, Blackrock Low Volatility and Blackrock Low Alpha and Beta module to complement your research on Blackrock Low. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Blackrock Low 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.