Blackrock International Growth Fund Market Value
BGY Fund | USD 5.47 0.02 0.37% |
Symbol | Blackrock |
Blackrock International '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 International's 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 International.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Blackrock International on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock International Growth or generate 0.0% return on investment in Blackrock International over 30 days. Blackrock International is related to or competes with American Funds, American Funds, Franklin Income, American Funds, American Funds, American Funds, and Pimco Preferred. BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc More
Blackrock International 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 International's 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 International Growth upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.06 | |||
Information Ratio | 0.0023 | |||
Maximum Drawdown | 6.56 | |||
Value At Risk | (1.57) | |||
Potential Upside | 1.83 |
Blackrock International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock International's standard deviation. In reality, there are many statistical measures that can use Blackrock International historical prices to predict the future Blackrock International's volatility.Risk Adjusted Performance | 0.042 | |||
Jensen Alpha | 0.0324 | |||
Total Risk Alpha | 5.0E-4 | |||
Sortino Ratio | 0.0022 | |||
Treynor Ratio | 0.7412 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock International'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 International Backtested Returns
We consider Blackrock International not too volatile. Blackrock International secures Sharpe Ratio (or Efficiency) of 0.0541, which signifies that the fund had a 0.0541% return per unit of standard deviation over the last 21 months. We have found twenty-nine technical indicators for Blackrock International Growth, which you can use to evaluate the volatility of the entity. Please confirm Blackrock International's risk adjusted performance of 0.042, and Mean Deviation of 0.8131 to double-check if the risk estimate we provide is consistent with the expected return of 0.0548%. The fund shows a Beta (market volatility) of 0.0457, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock International is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Blackrock International Growth has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock International time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 International price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Blackrock International price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.04 | |
Spearman Rank Test | 0.16 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Blackrock International lagged returns against current returns
Autocorrelation, which is Blackrock International 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 International's fund expected returns. We can calculate the autocorrelation of Blackrock International returns to help us make a trade decision. For example, suppose you find that Blackrock International has exhibited high autocorrelation historically, and you observe that the 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 International 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 International fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock International fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock International fund over time.
Current vs Lagged Prices |
Timeline |
Blackrock International Lagged Returns
When evaluating Blackrock International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock International fund have on its future price. Blackrock International 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 International autocorrelation shows the relationship between Blackrock International fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock International Growth.
Regressed Prices |
Timeline |
Pair Trading with Blackrock International
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 International 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 International will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Fund
0.84 | TEI | Templeton Emerging | PairCorr |
0.76 | PHK | Pimco High Me | PairCorr |
0.77 | HIO | Western Asset High | PairCorr |
0.62 | CEE | Central Europe Russia | PairCorr |
0.86 | EHI | Western Asset Global | PairCorr |
The ability to find closely correlated positions to Blackrock International 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 International 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 International - 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 International Growth to buy it.
The correlation of Blackrock International 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 International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock International 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 International 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 International Correlation, Blackrock International Volatility and Blackrock International Alpha and Beta module to complement your research on Blackrock International. Note that the Blackrock International information on this page should be used as a complementary analysis to other Blackrock International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Blackrock Fund analysis
When running Blackrock International's price analysis, check to measure Blackrock International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackrock International is operating at the current time. Most of Blackrock International's value examination focuses on studying past and present price action to predict the probability of Blackrock International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackrock International's price. Additionally, you may evaluate how the addition of Blackrock International to your portfolios can decrease your overall portfolio volatility.
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Blackrock International technical 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.