Blackrock Science Technology Fund Market Value
| BGSAX Fund | USD 68.96 0.07 0.10% |
| Symbol | Blackrock |
Blackrock Science '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 Science'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 Science.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Blackrock Science on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Science Technology or generate 0.0% return on investment in Blackrock Science over 30 days. Blackrock Science is related to or competes with Morgan Stanley, Blackrock Mid, Growth Portfolio, Putnam Global, and Mid Cap. The fund invests at least 80 percent of its net assets in equity securities issued by U.S More
Blackrock Science 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 Science'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 Science Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.0124 | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.88 |
Blackrock Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Science's standard deviation. In reality, there are many statistical measures that can use Blackrock Science historical prices to predict the future Blackrock Science's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.0044 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0106 | |||
| Treynor Ratio | 0.1248 |
Blackrock Science Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock Science secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Science Technology, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Science's risk adjusted performance of 0.0859, and Mean Deviation of 1.0 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 1.11, which signifies a somewhat significant risk relative to the market. Blackrock Science returns are very sensitive to returns on the market. As the market goes up or down, Blackrock Science is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Blackrock Science Technology has good predictability. Overlapping area represents the amount of predictability between Blackrock Science time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Science price movement. The serial correlation of 0.77 indicates that around 77.0% of current Blackrock Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Blackrock Science lagged returns against current returns
Autocorrelation, which is Blackrock Science 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 Science's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Science returns to help us make a trade decision. For example, suppose you find that Blackrock Science 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 Science 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 Science mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Science 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 Science mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Science Lagged Returns
When evaluating Blackrock Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Science mutual fund have on its future price. Blackrock Science 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 Science autocorrelation shows the relationship between Blackrock Science mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Science Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Blackrock Mutual Fund
Blackrock Science financial ratios help investors to determine whether Blackrock Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock Science security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |