Blackrock Health Sciences Fund Market Value
| SHSSX Fund | USD 71.98 0.32 0.45% |
| Symbol | Blackrock |
Blackrock Health '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 Health'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 Health.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Blackrock Health on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Health Sciences or generate 0.0% return on investment in Blackrock Health over 60 days. Blackrock Health is related to or competes with Vy(r) T, Eaton Vance, and Columbia Seligman. The fund invests at least 80 percent of its total assets in equity securities, primarily common stock, of companies in h... More
Blackrock Health 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 Health'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 Health Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7313 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.18 |
Blackrock Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Health's standard deviation. In reality, there are many statistical measures that can use Blackrock Health historical prices to predict the future Blackrock Health's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Health'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 Health Sciences Backtested Returns
We consider Blackrock Health very steady. Blackrock Health Sciences secures Sharpe Ratio (or Efficiency) of 0.0288, which signifies that the fund had a 0.0288% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Health Sciences, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Health's mean deviation of 0.4926, and Risk Adjusted Performance of 0.011 to double-check if the risk estimate we provide is consistent with the expected return of 0.0193%. The fund shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Health is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Blackrock Health Sciences has modest predictability. Overlapping area represents the amount of predictability between Blackrock Health time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 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 Health Sciences price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Blackrock Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 2.15 |
Blackrock Health Sciences lagged returns against current returns
Autocorrelation, which is Blackrock Health 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 Health's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Health returns to help us make a trade decision. For example, suppose you find that Blackrock Health 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 Health 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 Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Health 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 Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Health Lagged Returns
When evaluating Blackrock Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Health mutual fund have on its future price. Blackrock Health 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 Health autocorrelation shows the relationship between Blackrock Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Health Sciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Blackrock Health Correlation, Blackrock Health Volatility and Blackrock Health Alpha and Beta module to complement your research on Blackrock Health. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Blackrock Health 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.