Bright Rock Quality Fund Market Value

BQLCX Fund  USD 22.86  0.06  0.26%   
Bright Rock's market value is the price at which a share of Bright Rock trades on a public exchange. It measures the collective expectations of Bright Rock Quality investors about its performance. Bright Rock is trading at 22.86 as of the 29th of March 2024; that is 0.26% increase since the beginning of the trading day. The fund's open price was 22.8.
With this module, you can estimate the performance of a buy and hold strategy of Bright Rock Quality and determine expected loss or profit from investing in Bright Rock over a given investment horizon. Check out Bright Rock Correlation, Bright Rock Volatility and Bright Rock Alpha and Beta module to complement your research on Bright Rock.
Symbol

Please note, there is a significant difference between Bright Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bright Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bright Rock'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.

Bright Rock '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 Bright Rock'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 Bright Rock.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Bright Rock on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Bright Rock Quality or generate 0.0% return on investment in Bright Rock over 720 days. Bright Rock is related to or competes with Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard 500, and Vanguard 500. The fund invests at least 80 percent of its net assets in equity securities of companies with large-sized market capital... More

Bright Rock 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 Bright Rock'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 Bright Rock Quality upside and downside potential and time the market with a certain degree of confidence.

Bright Rock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bright Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bright Rock's standard deviation. In reality, there are many statistical measures that can use Bright Rock historical prices to predict the future Bright Rock's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bright Rock'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
22.2922.8623.43
Details
Intrinsic
Valuation
LowRealHigh
20.5724.9225.49
Details
Naive
Forecast
LowNextHigh
22.3022.8823.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
21.9522.4322.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bright Rock. Your research has to be compared to or analyzed against Bright Rock's peers to derive any actionable benefits. When done correctly, Bright Rock'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 Bright Rock Quality.

Bright Rock Quality Backtested Returns

We consider Bright Rock very steady. Bright Rock Quality secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Bright Rock Quality, which you can use to evaluate the volatility of the entity. Please confirm Bright Rock's Risk Adjusted Performance of 0.1437, downside deviation of 0.5544, and Mean Deviation of 0.4349 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bright Rock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bright Rock is expected to be smaller as well.

Auto-correlation

    
  0.38  

Below average predictability

Bright Rock Quality has below average predictability. Overlapping area represents the amount of predictability between Bright Rock time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th 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 Bright Rock Quality price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Bright Rock price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.19
Residual Average0.0
Price Variance1.57

Bright Rock Quality lagged returns against current returns

Autocorrelation, which is Bright Rock 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 Bright Rock's mutual fund expected returns. We can calculate the autocorrelation of Bright Rock returns to help us make a trade decision. For example, suppose you find that Bright Rock 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  

Bright Rock 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 Bright Rock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bright Rock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bright Rock mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Bright Rock Lagged Returns

When evaluating Bright Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bright Rock mutual fund have on its future price. Bright Rock 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, Bright Rock autocorrelation shows the relationship between Bright Rock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bright Rock Quality.
   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 Bright Rock 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, Bright Rock's short interest history, or implied volatility extrapolated from Bright Rock options trading.

Pair Trading with Bright Rock

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

Moving together with Bright Mutual Fund

  0.95STFGX State Farm GrowthPairCorr
  0.95BQMGX Bright Rock MidPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
The ability to find closely correlated positions to Bright Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bright Rock 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 Bright Rock - 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 Bright Rock Quality to buy it.
The correlation of Bright Rock 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 Bright Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bright Rock Quality 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 Bright Rock 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 Bright Rock Correlation, Bright Rock Volatility and Bright Rock Alpha and Beta module to complement your research on Bright Rock.
Note that the Bright Rock Quality information on this page should be used as a complementary analysis to other Bright Rock'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Bright Mutual Fund analysis

When running Bright Rock's price analysis, check to measure Bright Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bright Rock is operating at the current time. Most of Bright Rock's value examination focuses on studying past and present price action to predict the probability of Bright Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Rock's price. Additionally, you may evaluate how the addition of Bright Rock to your portfolios can decrease your overall portfolio volatility.
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Bright Rock 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 Bright Rock technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bright Rock 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...