Blackstone Alternative Multi Strategy Fund Market Value
| BXMDX Fund | USD 10.78 0.03 0.28% |
| Symbol | Blackstone |
Blackstone Alternative '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 Blackstone Alternative'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 Blackstone Alternative.
| 03/12/2023 |
| 01/30/2025 |
If you would invest 0.00 in Blackstone Alternative on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Blackstone Alternative Multi Strategy or generate 0.0% return on investment in Blackstone Alternative over 690 days. Blackstone Alternative is related to or competes with Virtus Nfj, Touchstone Large, Qs Large, Guidemark(r) Large, Blackrock Large, and Smead Value. The fund seeks to achieve its objective by allocating its assets among a variety of non-traditional or alternative inves... More
Blackstone Alternative 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 Blackstone Alternative'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 Blackstone Alternative Multi Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.198 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2841 |
Blackstone Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackstone Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackstone Alternative's standard deviation. In reality, there are many statistical measures that can use Blackstone Alternative historical prices to predict the future Blackstone Alternative's volatility.| Risk Adjusted Performance | 0.1293 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | 0.0101 | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 1.18 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackstone Alternative'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.
Blackstone Alternative Backtested Returns
At this stage we consider Blackstone Mutual Fund to be very steady. Blackstone Alternative secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the fund had a 0.21 % return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Blackstone Alternative Multi Strategy, which you can use to evaluate the volatility of the entity. Please confirm Blackstone Alternative's risk adjusted performance of 0.1293, and Mean Deviation of 0.153 to double-check if the risk estimate we provide is consistent with the expected return of 0.0409%. The fund shows a Beta (market volatility) of 0.0231, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackstone Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackstone Alternative is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
Blackstone Alternative Multi Strategy has excellent predictability. Overlapping area represents the amount of predictability between Blackstone Alternative time series from 12th of March 2023 to 20th of February 2024 and 20th of February 2024 to 30th of January 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 Blackstone Alternative price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Blackstone Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Blackstone Alternative lagged returns against current returns
Autocorrelation, which is Blackstone Alternative 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 Blackstone Alternative's mutual fund expected returns. We can calculate the autocorrelation of Blackstone Alternative returns to help us make a trade decision. For example, suppose you find that Blackstone Alternative 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 |
Blackstone Alternative 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 Blackstone Alternative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackstone Alternative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackstone Alternative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackstone Alternative Lagged Returns
When evaluating Blackstone Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackstone Alternative mutual fund have on its future price. Blackstone Alternative 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, Blackstone Alternative autocorrelation shows the relationship between Blackstone Alternative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackstone Alternative Multi Strategy.
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 Blackstone Mutual Fund
Blackstone Alternative financial ratios help investors to determine whether Blackstone 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 Blackstone with respect to the benefits of owning Blackstone Alternative security.
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