Bright Rock Quality Fund Market Value
| BQLCX Fund | USD 24.90 0.02 0.08% |
| Symbol | Bright |
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.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bright Rock on June 3, 2024 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 180 days. Bright Rock is related to or competes with Bright Rock, Df Dent, Growth Fund, Putnam High, Fidelity Advisor, New Economy, and Federated Hermes. 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.
| Downside Deviation | 0.6172 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.61 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.8435 |
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.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (7.58) |
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.
Bright Rock Quality Backtested Returns
At this stage we consider Bright Mutual Fund to be very steady. Bright Rock Quality secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight 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 0.0838, mean deviation of 0.4464, and Downside Deviation of 0.6172 to double-check if the risk estimate we provide is consistent with the expected return of 0.0754%. The fund shows a Beta (market volatility) of -0.0077, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bright Rock are expected to decrease at a much lower rate. During the bear market, Bright Rock is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
Bright Rock Quality has good predictability. Overlapping area represents the amount of predictability between Bright Rock time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Bright Rock Quality price movement. The serial correlation of 0.75 indicates that around 75.0% of current Bright Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
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 |
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 Bright Mutual Fund
Bright Rock financial ratios help investors to determine whether Bright 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 Bright with respect to the benefits of owning Bright Rock security.
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