Blackrock World Income Fund Market Value
| MDWIX Fund | USD 5.11 0.01 0.20% |
| Symbol | Blackrock |
Blackrock World '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 World'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 World.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Blackrock World on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock World Income or generate 0.0% return on investment in Blackrock World over 180 days. Blackrock World is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Emerging, Blackrock Equity, Blackrock Advantage, and Blackrock Large. The fund mainly invests in bonds and other fixed-income securities that periodically pay interest or dividends More
Blackrock World 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 World'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 World Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.3861 |
Blackrock World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock World's standard deviation. In reality, there are many statistical measures that can use Blackrock World historical prices to predict the future Blackrock World's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.72) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock World'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 World Me Backtested Returns
Blackrock World Me secures Sharpe Ratio (or Efficiency) of -0.0833, which signifies that the fund had a -0.0833% return per unit of standard deviation over the last 3 months. Blackrock World Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock World's risk adjusted performance of (0.08), and Mean Deviation of 0.2464 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0701, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock World is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Blackrock World Income has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock World time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th 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 World Me price movement. The serial correlation of 0.02 indicates that only 2.0% of current Blackrock World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock World Me lagged returns against current returns
Autocorrelation, which is Blackrock World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Blackrock World returns to help us make a trade decision. For example, suppose you find that Blackrock World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock World Lagged Returns
When evaluating Blackrock World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock World mutual fund have on its future price. Blackrock World 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 World autocorrelation shows the relationship between Blackrock World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock World 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 World 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 World's short interest history, or implied volatility extrapolated from Blackrock World options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Blackrock World Correlation, Blackrock World Volatility and Blackrock World Alpha and Beta module to complement your research on Blackrock World. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Blackrock World 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.