Blackrock Managed Income Fund Market Value
| BLDIX Fund | USD 9.24 0.01 0.11% |
| Symbol | Blackrock |
Blackrock Managed '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 Managed'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 Managed.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Blackrock Managed on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Managed Income or generate 0.0% return on investment in Blackrock Managed over 30 days. Blackrock Managed is related to or competes with Fidelity Asset, Fidelity Asset, and American Funds. The fund may invest up to 100 percent of its assets in fixed-income securities and up to 30 percent of its assets in equ... More
Blackrock Managed 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 Managed'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 Managed Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4068 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4315 |
Blackrock Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Managed's standard deviation. In reality, there are many statistical measures that can use Blackrock Managed historical prices to predict the future Blackrock Managed's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Managed'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 Managed Backtested Returns
We consider Blackrock Managed very steady. Blackrock Managed secures Sharpe Ratio (or Efficiency) of 0.0071, which signifies that the fund had a 0.0071% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Managed Income, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Managed's mean deviation of 0.2182, and Risk Adjusted Performance of 0.0072 to double-check if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Managed is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Blackrock Managed Income has poor predictability. Overlapping area represents the amount of predictability between Blackrock Managed time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Managed price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Blackrock Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock Managed lagged returns against current returns
Autocorrelation, which is Blackrock Managed 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 Managed's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Managed returns to help us make a trade decision. For example, suppose you find that Blackrock Managed 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 Managed 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 Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Managed 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 Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Managed Lagged Returns
When evaluating Blackrock Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Managed mutual fund have on its future price. Blackrock Managed 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 Managed autocorrelation shows the relationship between Blackrock Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Managed Income.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Managed
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 Managed 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 Managed will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.79 | BRMAX | Blackrock Midcap Index | PairCorr |
| 0.75 | BASMX | Blackrock Total Stock | PairCorr |
| 0.94 | BASIX | Blackrock Strategic Opps | PairCorr |
| 0.94 | BSIKX | Blackrock Strategic | PairCorr |
| 0.94 | BSIIX | Blackrock Strategic | PairCorr |
The ability to find closely correlated positions to Blackrock Managed 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 Managed 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 Managed - 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 Managed Income to buy it.
The correlation of Blackrock Managed 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 Managed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Managed 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 Managed 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 Managed Correlation, Blackrock Managed Volatility and Blackrock Managed Alpha and Beta module to complement your research on Blackrock Managed. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Blackrock Managed 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.