Blackrock Floating Rate Fund Market Value
| FRA Fund | USD 12.84 0.01 0.08% |
| Symbol | Blackrock |
Blackrock Floating '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 Floating's 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 Floating.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Blackrock Floating on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Floating Rate or generate 0.0% return on investment in Blackrock Floating over 30 days. Blackrock Floating is related to or competes with Royce Value, Tekla Healthcare, and Cohen Steers. BlackRock Floating Rate Income Strategies Fund, Inc More
Blackrock Floating 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 Floating's 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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6176 | |||
| Information Ratio | 0.1146 | |||
| Maximum Drawdown | 2.9 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.09 |
Blackrock Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Floating's standard deviation. In reality, there are many statistical measures that can use Blackrock Floating historical prices to predict the future Blackrock Floating's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.1035 | |||
| Total Risk Alpha | 0.0696 | |||
| Sortino Ratio | 0.1056 | |||
| Treynor Ratio | 0.6988 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Floating'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 Floating Rate Backtested Returns
We consider Blackrock Floating very steady. Blackrock Floating Rate secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Blackrock Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Floating's risk adjusted performance of 0.1326, and Mean Deviation of 0.4363 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Floating is expected to be smaller as well.
Auto-correlation | -0.03 |
Very weak reverse predictability
Blackrock Floating Rate has very weak reverse predictability. Overlapping area represents the amount of predictability between Blackrock Floating time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Floating Rate price movement. The serial correlation of -0.03 indicates that only 3.0% of current Blackrock Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Blackrock Floating Rate lagged returns against current returns
Autocorrelation, which is Blackrock Floating 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 Floating's fund expected returns. We can calculate the autocorrelation of Blackrock Floating returns to help us make a trade decision. For example, suppose you find that Blackrock Floating has exhibited high autocorrelation historically, and you observe that the 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 Floating 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 Floating fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Floating fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Floating fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Floating Lagged Returns
When evaluating Blackrock Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Floating fund have on its future price. Blackrock Floating 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 Floating autocorrelation shows the relationship between Blackrock Floating fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Floating Rate.
Regressed Prices |
| Timeline |
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Blackrock Floating technical 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.