Blackrock Capital Appreciation Fund Market Value
| MDFGX Fund | USD 34.67 0.11 0.32% |
| Symbol | Blackrock |
Blackrock Capital '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 Capital'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 Capital.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Blackrock Capital on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Capital Appreciation or generate 0.0% return on investment in Blackrock Capital over 360 days. Blackrock Capital is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund invests primarily in a diversified portfolio consisting primarily of common stock of U.S More
Blackrock Capital 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 Capital'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 Capital Appreciation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.83 |
Blackrock Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Capital's standard deviation. In reality, there are many statistical measures that can use Blackrock Capital historical prices to predict the future Blackrock Capital's volatility.| Risk Adjusted Performance | 0.054 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0754 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Capital'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 Capital Backtested Returns
We consider Blackrock Capital very steady. Blackrock Capital secures Sharpe Ratio (or Efficiency) of 0.0539, which signifies that the fund had a 0.0539% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Capital Appreciation, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Capital's risk adjusted performance of 0.054, and Mean Deviation of 0.861 to double-check if the risk estimate we provide is consistent with the expected return of 0.0655%. The fund shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Blackrock Capital returns are very sensitive to returns on the market. As the market goes up or down, Blackrock Capital is expected to follow.
Auto-correlation | 0.66 |
Good predictability
Blackrock Capital Appreciation has good predictability. Overlapping area represents the amount of predictability between Blackrock Capital time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 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 Capital price movement. The serial correlation of 0.66 indicates that around 66.0% of current Blackrock Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 6.44 |
Blackrock Capital lagged returns against current returns
Autocorrelation, which is Blackrock Capital 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 Capital's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Capital returns to help us make a trade decision. For example, suppose you find that Blackrock Capital 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 Capital 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 Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Capital 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 Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Capital Lagged Returns
When evaluating Blackrock Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Capital mutual fund have on its future price. Blackrock Capital 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 Capital autocorrelation shows the relationship between Blackrock Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Capital Appreciation.
Regressed Prices |
| Timeline |
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 Capital Correlation, Blackrock Capital Volatility and Blackrock Capital Alpha and Beta module to complement your research on Blackrock Capital. Note that the Blackrock Capital information on this page should be used as a complementary analysis to other Blackrock Capital'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Blackrock Capital 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.