Blackrock Gwth Ptf Fund Market Value
| BIGPX Fund | USD 15.12 0.13 0.85% |
| Symbol | Blackrock |
Blackrock Gwth '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 Gwth'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 Gwth.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Blackrock Gwth on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Gwth Ptf or generate 0.0% return on investment in Blackrock Gwth over 720 days. Blackrock Gwth is related to or competes with Blackrock California, Blackrock Eurofund, Blackrock Emerging, Blackrock Equity, Blackrock Advantage, Blackrock Large, and Blackrock International. The fund, which is a fund of funds, normally obtains exposure to equity securities in an amount equal to 60 percent of i... More
Blackrock Gwth 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 Gwth'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 Gwth Ptf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5882 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.18 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.6766 |
Blackrock Gwth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Gwth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Gwth's standard deviation. In reality, there are many statistical measures that can use Blackrock Gwth historical prices to predict the future Blackrock Gwth's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.0159 | |||
| Total Risk Alpha | 0.0063 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0813 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Gwth'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 Gwth Ptf Backtested Returns
We consider Blackrock Gwth very steady. Blackrock Gwth Ptf secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Gwth Ptf, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Gwth's risk adjusted performance of 0.0712, and Mean Deviation of 0.344 to double-check if the risk estimate we provide is consistent with the expected return of 0.0719%. The fund shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Gwth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Gwth is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Blackrock Gwth Ptf has average predictability. Overlapping area represents the amount of predictability between Blackrock Gwth time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Gwth Ptf price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Blackrock Gwth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Blackrock Gwth Ptf lagged returns against current returns
Autocorrelation, which is Blackrock Gwth 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 Gwth's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Gwth returns to help us make a trade decision. For example, suppose you find that Blackrock Gwth 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 Gwth 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 Gwth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Gwth 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 Gwth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Gwth Lagged Returns
When evaluating Blackrock Gwth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Gwth mutual fund have on its future price. Blackrock Gwth 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 Gwth autocorrelation shows the relationship between Blackrock Gwth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Gwth Ptf.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Gwth
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 Gwth 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 Gwth will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.76 | MKCMX | Blackrock California | PairCorr |
| 0.96 | MKCPX | Blackrock Balanced | PairCorr |
| 0.98 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.89 | MKDCX | Blackrock Emerging | PairCorr |
| 0.94 | MKDVX | Blackrock Equity Dividend | PairCorr |
The ability to find closely correlated positions to Blackrock Gwth 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 Gwth 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 Gwth - 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 Gwth Ptf to buy it.
The correlation of Blackrock Gwth 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 Gwth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Gwth Ptf 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 Gwth 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 Blackrock Gwth Correlation, Blackrock Gwth Volatility and Blackrock Gwth Alpha and Beta module to complement your research on Blackrock Gwth. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Blackrock Gwth 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.