BlackRock Backtesting

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BIT -- USA Stock  

USD 13.56  0.09  0.67%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of BlackRock Multi-Sector Income and determine expected loss or profit from investing in BlackRock Multi-Sector over given investment horizon. Continue to BlackRock Multi-Sector Hype Analysis, BlackRock Multi-Sector Correlation, BlackRock Multi-Sector Valuation, BlackRock Multi-Sector Volatility as well as analyze BlackRock Multi-Sector Alpha and Beta and BlackRock Multi-Sector Performance.

BlackRock Multi-Sector 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in BlackRock Multi-Sector on February 25, 2020 and sell it all today you would earn a total of 0.00 from holding BlackRock Multi-Sector Income or generate 0.0% return on investment in BlackRock Multi-Sector over 90 days. BlackRock Multi-Sector is related to or competes with INDUSTRIAL COMMERCIAL, PING AN, Bergesen Wrlde, Berkshire Hathaway, CHINA MERCHANTS, ROCHE HOLDINGS, and VEDANTA. BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc

BlackRock Multi-Sector Upside/Downside Indicators

Downside Deviation8.23
Information Ratio0.0188
Maximum Drawdown55.26
Value At Risk(9.41)
Potential Upside8.45

BlackRock Multi-Sector Market Premium Indicators

Risk Adjusted Performance0.0191
Jensen Alpha(0.020885)
Total Risk Alpha0.2854
Sortino Ratio0.0187
Treynor Ratio(0.06)

BlackRock Multi-Sector Backtested Returns

We consider BlackRock Multi-Sector moderately volatile. BlackRock Multi-Sector secures Sharpe Ratio (or Efficiency) of 0.0134, which signifies that the organization had 0.0134% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for BlackRock Multi-Sector Income, which you can use to evaluate future volatility of the firm. Please confirm BlackRock Multi-Sector Risk Adjusted Performance of 0.0191 and Mean Deviation of 3.7 to double-check if the risk estimate we provide is consistent with the expected return of 0.1109%. The firm shows a Beta (market volatility) of -0.2858, which signifies that as returns on market increase, returns on owning BlackRock Multi-Sector are expected to decrease at a much smaller rate. During bear market, BlackRock Multi-Sector is likely to outperform the market. Although it is extremely important to respect BlackRock Multi-Sector historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing BlackRock Multi-Sector technical indicators you can presently evaluate if the expected return of 0.1109% will be sustainable into the future. BlackRock Multi-Sector right now shows a risk of 8.28%. Please confirm BlackRock Multi-Sector Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if BlackRock Multi-Sector will be following its price patterns.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.13) 
correlation synergy

Insignificant reverse predictability

BlackRock Multi-Sector Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between BlackRock Multi-Sector time series from 25th of February 2020 to 10th of April 2020 and 10th of April 2020 to 25th of May 2020. 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 Multi-Sector price movement. The serial correlation of -0.13 indicates that less than 13.0% of current BlackRock Multi-Sector price fluctuation can be explain by its past prices. Given that BlackRock Multi-Sector Income has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BlackRock Multi-Sector for similar time interval.
Correlation Coefficient-0.13
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.05

BlackRock Multi-Sector lagged returns against current returns

 Current and Lagged Values 

BlackRock Multi-Sector regressed lagged prices vs. current prices

 Current vs Lagged Prices 

BlackRock Multi-Sector Lagged Returns

 Regressed Prices 

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BlackRock Multi-Sector Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BlackRock Multi-Sector and INDUSTRIAL COMMERCIAL. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page