Blackrock Corporate High Fund Market Value
| HYT Fund | USD 9.62 0.05 0.52% |
| Symbol | Blackrock |
Blackrock Corporate '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 Corporate'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 Corporate.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Blackrock Corporate on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Corporate High or generate 0.0% return on investment in Blackrock Corporate over 30 days. Blackrock Corporate is related to or competes with BlackRock Floating, Eaton Vance, and Eaton Vance. BlackRock Corporate High Yield Fund, Inc More
Blackrock Corporate 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 Corporate'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 Corporate High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7813 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.9719 |
Blackrock Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Corporate's standard deviation. In reality, there are many statistical measures that can use Blackrock Corporate historical prices to predict the future Blackrock Corporate's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.0444 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2928 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Corporate'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 Corporate High Backtested Returns
We consider Blackrock Corporate very steady. Blackrock Corporate High secures Sharpe Ratio (or Efficiency) of 0.0865, which signifies that the fund had a 0.0865% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Corporate High, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Corporate's risk adjusted performance of 0.0708, and Mean Deviation of 0.4686 to double-check if the risk estimate we provide is consistent with the expected return of 0.0567%. The fund shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Corporate is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Blackrock Corporate High has weak reverse predictability. Overlapping area represents the amount of predictability between Blackrock Corporate 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 Corporate High price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Blackrock Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Blackrock Corporate High lagged returns against current returns
Autocorrelation, which is Blackrock Corporate 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 Corporate's fund expected returns. We can calculate the autocorrelation of Blackrock Corporate returns to help us make a trade decision. For example, suppose you find that Blackrock Corporate 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 Corporate 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 Corporate fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Corporate fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Corporate fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Corporate Lagged Returns
When evaluating Blackrock Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Corporate fund have on its future price. Blackrock Corporate 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 Corporate autocorrelation shows the relationship between Blackrock Corporate fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Corporate High.
Regressed Prices |
| Timeline |
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Blackrock Corporate 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.