Blackrock Strategic Global Fund Market Value
| MKWIX Fund | USD 5.12 0.01 0.20% |
| Symbol | Blackrock |
Blackrock Strategic '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 Strategic'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 Strategic.
| 11/30/2022 |
| 04/23/2024 |
If you would invest 0.00 in Blackrock Strategic on November 30, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Strategic Global or generate 0.0% return on investment in Blackrock Strategic over 510 days. Blackrock Strategic is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Emerging, Blackrock Equity, Blackrock Advantage, and Blackrock Large. The fund mainly invests in bonds and other fixed-income securities that periodically pay interest or dividends More
Blackrock Strategic 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 Strategic'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 Strategic Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.3876 |
Blackrock Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Strategic's standard deviation. In reality, there are many statistical measures that can use Blackrock Strategic historical prices to predict the future Blackrock Strategic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Strategic'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 Strategic Backtested Returns
Blackrock Strategic secures Sharpe Ratio (or Efficiency) of -0.0656, which signifies that the fund had a -0.0656% return per unit of standard deviation over the last 3 months. Blackrock Strategic Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Strategic's mean deviation of 0.2312, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Strategic is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
Blackrock Strategic Global has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock Strategic time series from 30th of November 2022 to 12th of August 2023 and 12th of August 2023 to 23rd 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 Strategic price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Blackrock Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Blackrock Strategic lagged returns against current returns
Autocorrelation, which is Blackrock Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Strategic returns to help us make a trade decision. For example, suppose you find that Blackrock Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Strategic Lagged Returns
When evaluating Blackrock Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Strategic mutual fund have on its future price. Blackrock Strategic 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 Strategic autocorrelation shows the relationship between Blackrock Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Strategic Global.
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 Strategic 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 Strategic's short interest history, or implied volatility extrapolated from Blackrock Strategic options trading.
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Blackrock Strategic 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.