Blackrock Technology Opportunities Fund Market Value
| BTEKX Fund | USD 75.98 0.73 0.97% |
| Symbol | Blackrock |
Blackrock Technology '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 Technology'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 Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Blackrock Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Technology Opportunities or generate 0.0% return on investment in Blackrock Technology over 30 days. Blackrock Technology is related to or competes with Materials Portfolio, Volumetric Fund, Rbb Fund, and T Rowe. The fund invests at least 80 percent of its net assets in equity securities issued by U.S More
Blackrock Technology 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 Technology'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 Technology Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.012 | |||
| Maximum Drawdown | 6.74 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 1.88 |
Blackrock Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Technology's standard deviation. In reality, there are many statistical measures that can use Blackrock Technology historical prices to predict the future Blackrock Technology's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0103 | |||
| Treynor Ratio | 0.1346 |
Blackrock Technology Backtested Returns
Blackrock Technology appears to be very steady, given 3 months investment horizon. Blackrock Technology secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Technology Opportunities, which you can use to evaluate the volatility of the entity. Please makes use of Blackrock Technology's mean deviation of 0.9822, and Risk Adjusted Performance of 0.0898 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.07, which signifies a somewhat significant risk relative to the market. Blackrock Technology returns are very sensitive to returns on the market. As the market goes up or down, Blackrock Technology is expected to follow.
Auto-correlation | 0.74 |
Good predictability
Blackrock Technology Opportunities has good predictability. Overlapping area represents the amount of predictability between Blackrock Technology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Blackrock Technology price movement. The serial correlation of 0.74 indicates that around 74.0% of current Blackrock Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Blackrock Technology lagged returns against current returns
Autocorrelation, which is Blackrock Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Technology returns to help us make a trade decision. For example, suppose you find that Blackrock Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Technology Lagged Returns
When evaluating Blackrock Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Technology mutual fund have on its future price. Blackrock Technology 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 Technology autocorrelation shows the relationship between Blackrock Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Technology Opportunities.
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 Technology 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 Technology security.
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