Blackrock High Equity Fund Market Value

BMECX Fund  USD 15.07  0.17  1.14%   
Blackrock High's market value is the price at which a share of Blackrock High trades on a public exchange. It measures the collective expectations of Blackrock High Equity investors about its performance. Blackrock High is trading at 15.07 as of the 28th of March 2024; that is 1.14 percent increase since the beginning of the trading day. The fund's open price was 14.9.
With this module, you can estimate the performance of a buy and hold strategy of Blackrock High Equity and determine expected loss or profit from investing in Blackrock High over a given investment horizon. Check out Blackrock High Correlation, Blackrock High Volatility and Blackrock High Alpha and Beta module to complement your research on Blackrock High.
Symbol

Please note, there is a significant difference between Blackrock High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Blackrock High '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 High'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 High.
0.00
03/04/2023
No Change 0.00  0.0 
In 1 year and 26 days
03/28/2024
0.00
If you would invest  0.00  in Blackrock High on March 4, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock High Equity or generate 0.0% return on investment in Blackrock High over 390 days. Blackrock High is related to or competes with Blackrock, Blackrock Health, Managed Account, Blackrock High, Blackrock, Blackrock High, and Blackrock. The fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, i... More

Blackrock High 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 High'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 High Equity upside and downside potential and time the market with a certain degree of confidence.

Blackrock High Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock High's standard deviation. In reality, there are many statistical measures that can use Blackrock High historical prices to predict the future Blackrock High's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock High'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.
Hype
Prediction
LowEstimatedHigh
14.4414.9015.36
Details
Intrinsic
Valuation
LowRealHigh
13.8314.2916.39
Details
Naive
Forecast
LowNextHigh
14.4214.8815.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.8914.9014.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Blackrock High. Your research has to be compared to or analyzed against Blackrock High's peers to derive any actionable benefits. When done correctly, Blackrock High's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Blackrock High Equity.

Blackrock High Equity Backtested Returns

We consider Blackrock High very steady. Blackrock High Equity secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the fund had a 0.17% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock High Equity, which you can use to evaluate the volatility of the entity. Please confirm Blackrock High's mean deviation of 0.353, and Risk Adjusted Performance of 0.1109 to double-check if the risk estimate we provide is consistent with the expected return of 0.0801%. The fund shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock High is expected to be smaller as well.

Auto-correlation

    
  0.53  

Modest predictability

Blackrock High Equity has modest predictability. Overlapping area represents the amount of predictability between Blackrock High time series from 4th of March 2023 to 15th of September 2023 and 15th of September 2023 to 28th of March 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 High Equity price movement. The serial correlation of 0.53 indicates that about 53.0% of current Blackrock High price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.43

Blackrock High Equity lagged returns against current returns

Autocorrelation, which is Blackrock High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Blackrock High returns to help us make a trade decision. For example, suppose you find that Blackrock High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock High 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 High mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Blackrock High Lagged Returns

When evaluating Blackrock High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock High mutual fund have on its future price. Blackrock High 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 High autocorrelation shows the relationship between Blackrock High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock High Equity.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackrock High in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackrock High's short interest history, or implied volatility extrapolated from Blackrock High options trading.

Pair Trading with Blackrock High

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 High 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 High will appreciate offsetting losses from the drop in the long position's value.

Moving together with Blackrock Mutual Fund

  0.74BHSRX Blackrock Health SciencesPairCorr
  0.66MSUMX Managed Account SeriesPairCorr
  0.91BHYRX Blackrock High YieldPairCorr
  0.91BHYSX Blackrock Hi YldPairCorr
The ability to find closely correlated positions to Blackrock High 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 High 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 High - 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 High Equity to buy it.
The correlation of Blackrock High 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 High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock High Equity 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 High 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.
Pair CorrelationCorrelation Matching
Check out Blackrock High Correlation, Blackrock High Volatility and Blackrock High Alpha and Beta module to complement your research on Blackrock High.
Note that the Blackrock High Equity information on this page should be used as a complementary analysis to other Blackrock High's 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Blackrock High 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.
A focus of Blackrock High technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Blackrock High trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...