Bloom Select Income Fund Market Value
| BLB-UN Fund | CAD 7.97 0.00 0.00% |
| Symbol | Bloom |
Please note, there is a significant difference between Bloom Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bloom Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bloom Select'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.
Bloom Select '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 Bloom Select'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 Bloom Select.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Bloom Select on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Bloom Select Income or generate 0.0% return on investment in Bloom Select over 510 days. Bloom Select is related to or competes with Canadian High, Blue Ribbon, Energy Income, Australian REIT, and Citadel Income. More
Bloom Select 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 Bloom Select'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 Bloom Select Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 2.08 |
Bloom Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bloom Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bloom Select's standard deviation. In reality, there are many statistical measures that can use Bloom Select historical prices to predict the future Bloom Select's volatility.| Risk Adjusted Performance | 0.0287 | |||
| Jensen Alpha | 0.0327 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bloom Select'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.
Bloom Select Income Backtested Returns
At this point, Bloom Select is not too volatile. Bloom Select Income secures Sharpe Ratio (or Efficiency) of 0.0324, which signifies that the fund had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Bloom Select Income, which you can use to evaluate the volatility of the entity. Please confirm Bloom Select's Mean Deviation of 0.4826, downside deviation of 2.98, and Risk Adjusted Performance of 0.0287 to double-check if the risk estimate we provide is consistent with the expected return of 0.0426%. The fund shows a Beta (market volatility) of -0.0166, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bloom Select are expected to decrease at a much lower rate. During the bear market, Bloom Select is likely to outperform the market.
Auto-correlation | 0.20 |
Weak predictability
Bloom Select Income has weak predictability. Overlapping area represents the amount of predictability between Bloom Select time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Bloom Select Income price movement. The serial correlation of 0.2 indicates that over 20.0% of current Bloom Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Bloom Select Income lagged returns against current returns
Autocorrelation, which is Bloom Select 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 Bloom Select's fund expected returns. We can calculate the autocorrelation of Bloom Select returns to help us make a trade decision. For example, suppose you find that Bloom Select 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 |
Bloom Select 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 Bloom Select fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bloom Select fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bloom Select fund over time.
Current vs Lagged Prices |
| Timeline |
Bloom Select Lagged Returns
When evaluating Bloom Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bloom Select fund have on its future price. Bloom Select 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, Bloom Select autocorrelation shows the relationship between Bloom Select fund current value and its past values and can show if there is a momentum factor associated with investing in Bloom Select Income.
Regressed Prices |
| Timeline |
Pair Trading with Bloom Select
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 Bloom Select 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 Bloom Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Bloom Fund
| 0.81 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.81 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.7 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.73 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Bloom Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bloom Select 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 Bloom Select - 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 Bloom Select Income to buy it.
The correlation of Bloom Select 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 Bloom Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bloom Select Income 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 Bloom Select 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.Other Information on Investing in Bloom Fund
Bloom Select financial ratios help investors to determine whether Bloom 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 Bloom with respect to the benefits of owning Bloom Select security.
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