Blackrock Global Longshort Fund Market Value
BGCKX Fund | USD 14.11 0.08 0.56% |
Symbol | Blackrock |
Blackrock Global '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 Global'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 Global.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Blackrock Global on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Global Longshort or generate 0.0% return on investment in Blackrock Global over 30 days. Blackrock Global is related to or competes with Victory Market, Victory Cemp, Victory Cemp, Blackrock Global, and Blackrock Global. Under normal circumstances, the fund invests at least 80 percent of its total assets in equity instruments and related d... More
Blackrock Global 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 Global'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 Global Longshort upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.3592 | |||
Information Ratio | 0.0737 | |||
Maximum Drawdown | 1.58 | |||
Value At Risk | (0.50) | |||
Potential Upside | 0.6818 |
Blackrock Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Global's standard deviation. In reality, there are many statistical measures that can use Blackrock Global historical prices to predict the future Blackrock Global's volatility.Risk Adjusted Performance | 0.1916 | |||
Jensen Alpha | 0.1051 | |||
Total Risk Alpha | 0.0606 | |||
Sortino Ratio | 0.0805 | |||
Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Global'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 Global Lon Backtested Returns
We consider Blackrock Global very steady. Blackrock Global Lon secures Sharpe Ratio (or Efficiency) of 0.3, which signifies that the fund had a 0.3% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Global Longshort, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Global's mean deviation of 0.3218, and Risk Adjusted Performance of 0.1916 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Global is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
Blackrock Global Longshort has very weak predictability. Overlapping area represents the amount of predictability between Blackrock Global time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Global Lon price movement. The serial correlation of 0.17 indicates that over 17.0% of current Blackrock Global price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.17 | |
Spearman Rank Test | 0.39 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Blackrock Global Lon lagged returns against current returns
Autocorrelation, which is Blackrock Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Global returns to help us make a trade decision. For example, suppose you find that Blackrock Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Global 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 Global mutual fund over time.
Current vs Lagged Prices |
Timeline |
Blackrock Global Lagged Returns
When evaluating Blackrock Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Global mutual fund have on its future price. Blackrock Global 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 Global autocorrelation shows the relationship between Blackrock Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Global Longshort.
Regressed Prices |
Timeline |
Pair Trading with Blackrock Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
0.75 | MKCPX | Blackrock Balanced | PairCorr |
0.67 | MKEFX | Blackrock Eurofund Class | PairCorr |
0.69 | MKDCX | Blackrock Emerging | PairCorr |
0.79 | MKDVX | Blackrock Equity Dividend | PairCorr |
The ability to find closely correlated positions to Blackrock Global 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 Global 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 Global - 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 Global Longshort to buy it.
The correlation of Blackrock Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Global Lon 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 Global 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 Global Correlation, Blackrock Global Volatility and Blackrock Global Alpha and Beta module to complement your research on Blackrock Global. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Blackrock Global 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.