Backrock Glbl Opprtnts Fund Market Value
| BROCX Fund | USD 18.72 0.15 0.79% |
| Symbol | Backrock |
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.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Backrock Glbl on January 3, 2025 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 30 days. Backrock Glbl is related to or competes with Lebenthal Lisanti, Glg Intl, Touchstone Small, Sp Smallcap, Smallcap Fund, Sp Smallcap, and Small Pany. The investment seeks to provide long-term capital appreciation 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.
| Downside Deviation | 0.8899 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.09 |
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.| Risk Adjusted Performance | 0.0379 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.11 |
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.
Backrock Glbl Opprtnts Backtested Returns
At this stage we consider Backrock Mutual Fund to be very steady. Backrock Glbl Opprtnts secures Sharpe Ratio (or Efficiency) of 0.0462, which signifies that the fund had a 0.0462 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Backrock Glbl Opprtnts, which you can use to evaluate the volatility of the entity. Please confirm Backrock Glbl's mean deviation of 0.562, and Risk Adjusted Performance of 0.0379 to double-check if the risk estimate we provide is consistent with the expected return of 0.0357%. The fund shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. 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 | 0.09 |
Virtually no predictability
Backrock Glbl Opprtnts has virtually no predictability. Overlapping area represents the amount of predictability between Backrock Glbl time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd of February 2025. 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 0.09 indicates that less than 9.0% of current Backrock Glbl price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.
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