Blackrock Midcap Index Fund Market Value
| BRMAX Fund | USD 16.66 0.03 0.18% |
| Symbol | Blackrock |
Blackrock Midcap '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 Midcap'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 Midcap.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Blackrock Midcap on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Midcap Index or generate 0.0% return on investment in Blackrock Midcap over 30 days. Blackrock Midcap is related to or competes with Blackrock, Blackrock, Blackrock Total, Blackrock Intern, and Blackrock Bond. The fund generally invests at least 90 percent of its assets, plus the amount of any borrowing for investment purposes, ... More
Blackrock Midcap 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 Midcap'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 Midcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6839 | |||
| Information Ratio | 0.0416 | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.3 |
Blackrock Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Midcap's standard deviation. In reality, there are many statistical measures that can use Blackrock Midcap historical prices to predict the future Blackrock Midcap's volatility.| Risk Adjusted Performance | 0.1593 | |||
| Jensen Alpha | 0.0415 | |||
| Total Risk Alpha | 0.031 | |||
| Sortino Ratio | 0.047 | |||
| Treynor Ratio | 0.1636 |
Blackrock Midcap Index Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock Midcap Index secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Midcap Index, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Midcap's risk adjusted performance of 0.1593, and Mean Deviation of 0.6065 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. Blackrock Midcap returns are very sensitive to returns on the market. As the market goes up or down, Blackrock Midcap is expected to follow.
Auto-correlation | 0.96 |
Excellent predictability
Blackrock Midcap Index has excellent predictability. Overlapping area represents the amount of predictability between Blackrock Midcap time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Midcap Index price movement. The serial correlation of 0.96 indicates that 96.0% of current Blackrock Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Blackrock Midcap Index lagged returns against current returns
Autocorrelation, which is Blackrock Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Midcap returns to help us make a trade decision. For example, suppose you find that Blackrock Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Midcap Lagged Returns
When evaluating Blackrock Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Midcap mutual fund have on its future price. Blackrock Midcap 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 Midcap autocorrelation shows the relationship between Blackrock Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Midcap Index.
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 Midcap 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 Midcap security.
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