Blackrock Midcap Index Fund Market Value
| BRMIX Fund | USD 13.82 0.02 0.14% |
| Symbol | Blackrock |
Blackrock Midcap '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 Midcap'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 Midcap.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Blackrock Midcap on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Midcap Index or generate 0.0% return on investment in Blackrock Midcap over 270 days. Blackrock Midcap is related to or competes with Blackrock, Blackrock, Blackrock Total, Blackrock Intern, and Blackrock Bond. The fund generally invests at least 90 percent of its assets, plus the amount of any borrowing for investment purposes, ... More
Blackrock Midcap 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 Midcap'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 Midcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9154 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.23 |
Blackrock Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Midcap's standard deviation. In reality, there are many statistical measures that can use Blackrock Midcap historical prices to predict the future Blackrock Midcap's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0503 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Midcap'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 Midcap Index Backtested Returns
We consider Blackrock Midcap very steady. Blackrock Midcap Index secures Sharpe Ratio (or Efficiency) of 0.0646, which signifies that the fund had a 0.0646% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Midcap Index, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Midcap's mean deviation of 0.6346, and Risk Adjusted Performance of 0.0581 to double-check if the risk estimate we provide is consistent with the expected return of 0.0517%. The fund shows a Beta (market volatility) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Blackrock Midcap will likely underperform.
Auto-correlation | -0.66 |
Very good reverse predictability
Blackrock Midcap Index has very good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Midcap time series from 28th of July 2023 to 10th of December 2023 and 10th of December 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 Midcap Index price movement. The serial correlation of -0.66 indicates that around 66.0% of current Blackrock Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Blackrock Midcap Index lagged returns against current returns
Autocorrelation, which is Blackrock Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Midcap returns to help us make a trade decision. For example, suppose you find that Blackrock Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Midcap Lagged Returns
When evaluating Blackrock Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Midcap mutual fund have on its future price. Blackrock Midcap 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 Midcap autocorrelation shows the relationship between Blackrock Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Midcap Index.
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 Midcap 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 Midcap's short interest history, or implied volatility extrapolated from Blackrock Midcap options trading.
Pair Trading with Blackrock Midcap
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 Midcap 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 Midcap will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.73 | MKCMX | Blackrock California | PairCorr |
| 0.98 | MKCPX | Blackrock Balanced | PairCorr |
| 0.96 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.97 | MKDVX | Blackrock Equity Dividend | PairCorr |
| 0.92 | MKFOX | Blackrock Large Cap | PairCorr |
The ability to find closely correlated positions to Blackrock Midcap 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 Midcap 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 Midcap - 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 Midcap Index to buy it.
The correlation of Blackrock Midcap 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 Midcap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Midcap Index 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 Midcap 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 Midcap Correlation, Blackrock Midcap Volatility and Blackrock Midcap Alpha and Beta module to complement your research on Blackrock Midcap. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Blackrock Midcap 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.