Backrock Glbl Opprtnts Fund Market Value

BROCX Fund  USD 18.11  0.09  0.49%   
Backrock Glbl's market value is the price at which a share of Backrock Glbl trades on a public exchange. It measures the collective expectations of Backrock Glbl Opprtnts investors about its performance. Backrock Glbl is trading at 18.11 as of the 27th of November 2024; that is 0.49 percent decrease since the beginning of the trading day. The fund's open price was 18.2.
With this module, you can estimate the performance of a buy and hold strategy of Backrock Glbl Opprtnts and determine expected loss or profit from investing in Backrock Glbl over a given investment horizon. Check out Backrock Glbl Correlation, Backrock Glbl Volatility and Backrock Glbl Alpha and Beta module to complement your research on Backrock Glbl.
Symbol

Please note, there is a significant difference between Backrock Glbl's value and its price as these two are different measures arrived at by different means. Investors typically determine if Backrock Glbl is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Backrock Glbl'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.

Backrock Glbl '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 Backrock Glbl'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 Backrock Glbl.
0.00
05/07/2023
No Change 0.00  0.0 
In 1 year 6 months and 24 days
11/27/2024
0.00
If you would invest  0.00  in Backrock Glbl on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Backrock Glbl Opprtnts or generate 0.0% return on investment in Backrock Glbl over 570 days. Backrock Glbl is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Funds, Blackrock Emerging, Blackrock Equity, and Blackrock Advantage. The fund seeks to invest at least 80 percent of its net assets plus the amount of any borrowings for investment purposes... More

Backrock Glbl 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 Backrock Glbl'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 Backrock Glbl Opprtnts upside and downside potential and time the market with a certain degree of confidence.

Backrock Glbl Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Backrock Glbl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Backrock Glbl's standard deviation. In reality, there are many statistical measures that can use Backrock Glbl historical prices to predict the future Backrock Glbl's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Backrock Glbl'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.
Hype
Prediction
LowEstimatedHigh
17.2718.1118.95
Details
Intrinsic
Valuation
LowRealHigh
17.4418.2819.12
Details

Backrock Glbl Opprtnts Backtested Returns

Backrock Glbl Opprtnts secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the fund had a -0.1% return per unit of standard deviation over the last 3 months. Backrock Glbl Opprtnts exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Backrock Glbl's risk adjusted performance of (0.07), and Mean Deviation of 0.6482 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Backrock Glbl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Backrock Glbl is expected to be smaller as well.

Auto-correlation

    
  0.17  

Very weak predictability

Backrock Glbl Opprtnts has very weak predictability. Overlapping area represents the amount of predictability between Backrock Glbl time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Backrock Glbl Opprtnts price movement. The serial correlation of 0.17 indicates that over 17.0% of current Backrock Glbl price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.26
Residual Average0.0
Price Variance0.31

Backrock Glbl Opprtnts lagged returns against current returns

Autocorrelation, which is Backrock Glbl 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 Backrock Glbl's mutual fund expected returns. We can calculate the autocorrelation of Backrock Glbl returns to help us make a trade decision. For example, suppose you find that Backrock Glbl 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  

Backrock Glbl 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 Backrock Glbl mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Backrock Glbl mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Backrock Glbl mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Backrock Glbl Lagged Returns

When evaluating Backrock Glbl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Backrock Glbl mutual fund have on its future price. Backrock Glbl 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, Backrock Glbl autocorrelation shows the relationship between Backrock Glbl mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Backrock Glbl Opprtnts.
   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 Backrock Mutual Fund

Backrock Glbl financial ratios help investors to determine whether Backrock 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 Backrock with respect to the benefits of owning Backrock Glbl security.
Bonds Directory
Find actively traded corporate debentures issued by US companies
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk