Blackrock Conservative Prprdptfinstttnl Fund Market Value
| BICPX Fund | USD 10.95 0.04 0.36% |
| Symbol | Blackrock |
Blackrock Conservative '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 Conservative'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 Conservative.
| 04/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Blackrock Conservative on April 28, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Conservative Prprdptfinstttnl or generate 0.0% return on investment in Blackrock Conservative over 30 days. Blackrock Conservative is related to or competes with Fidelity Asset, American Funds, HUMANA, Morningstar Unconstrained, Via Renewables, T Rowe, and Bondbloxx ETF. The fund, which is a fund of funds, normally the advisor intends to obtain exposure to equity securities in an amount eq... More
Blackrock Conservative 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 Conservative'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 Conservative Prprdptfinstttnl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4474 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 1.47 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.4673 |
Blackrock Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Conservative's standard deviation. In reality, there are many statistical measures that can use Blackrock Conservative historical prices to predict the future Blackrock Conservative's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0281 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Conservative'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 Conservative Backtested Returns
We consider Blackrock Conservative very steady. Blackrock Conservative secures Sharpe Ratio (or Efficiency) of 0.0612, which signifies that the fund had a 0.0612% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Conservative Prprdptfinstttnl, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Conservative's mean deviation of 0.2413, and Risk Adjusted Performance of 0.0299 to double-check if the risk estimate we provide is consistent with the expected return of 0.021%. The fund shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Conservative is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Blackrock Conservative Prprdptfinstttnl has very weak reverse predictability. Overlapping area represents the amount of predictability between Blackrock Conservative time series from 28th of April 2024 to 13th of May 2024 and 13th of May 2024 to 28th of May 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 Conservative price movement. The serial correlation of -0.03 indicates that only 3.0% of current Blackrock Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock Conservative lagged returns against current returns
Autocorrelation, which is Blackrock Conservative 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 Conservative's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Conservative returns to help us make a trade decision. For example, suppose you find that Blackrock Conservative 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 Conservative 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 Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Conservative 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 Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Conservative Lagged Returns
When evaluating Blackrock Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Conservative mutual fund have on its future price. Blackrock Conservative 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 Conservative autocorrelation shows the relationship between Blackrock Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Conservative Prprdptfinstttnl.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Blackrock Conservative Correlation, Blackrock Conservative Volatility and Blackrock Conservative Alpha and Beta module to complement your research on Blackrock Conservative. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Blackrock Conservative 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.