Blackrock Resources Commodities Fund Beta
| BCX Fund | USD 9.13 0.04 0.44% |
Blackrock Resources Commodities fundamentals help investors to digest information that contributes to Blackrock Resources' financial success or failures. It also enables traders to predict the movement of Blackrock Fund. The fundamental analysis module provides a way to measure Blackrock Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Blackrock Resources fund.
Blackrock |
Blackrock Resources Commodities Fund Beta Analysis
Blackrock Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Blackrock Resources Beta | 1.09 |
Most of Blackrock Resources' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Blackrock Resources Commodities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Blackrock Resources Commodities has a Beta of 1.09. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States funds is notably lower than that of the firm.
Blackrock Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Blackrock Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Blackrock Resources could also be used in its relative valuation, which is a method of valuing Blackrock Resources by comparing valuation metrics of similar companies.Blackrock Resources is currently under evaluation in beta among similar funds.
Blackrock Resources returns are very sensitive to returns on the market. As the market goes up or down, Blackrock Resources is expected to follow.
Blackrock Fundamentals
| Shares Outstanding | 88.32 M | ||||
| Shares Owned By Institutions | 29.12 % | ||||
| Number Of Shares Shorted | 49.78 K | ||||
| Price To Earning | 17.87 X | ||||
| Short Ratio | 0.17 X | ||||
| Earnings Per Share | 0.55 X | ||||
| Number Of Employees | 17 | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 1.02 B | ||||
| Annual Yield | 0.02 % | ||||
| Year To Date Return | 2.34 % | ||||
| One Year Return | (0.92) % | ||||
| Three Year Return | 9.00 % | ||||
| Five Year Return | 8.46 % | ||||
| Last Dividend Paid | 0.62 |
About Blackrock Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Blackrock Resources Commodities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blackrock Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blackrock Resources Commodities based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Blackrock Resources
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 Resources 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 Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Blackrock Fund
| 0.87 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.87 | BA | Boeing Earnings Call Tomorrow | PairCorr |
| 0.68 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.67 | INTC | Intel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Blackrock Resources 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 Resources 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 Resources - 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 Resources Commodities to buy it.
The correlation of Blackrock Resources 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 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Resources 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 Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Resources Commodities. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Blackrock Resources information on this page should be used as a complementary analysis to other Blackrock Resources' 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.