Blackrock Collegeadvantage 529 Fund Market Value
| BZGCX Fund | USD 15.74 0.03 0.19% |
| Symbol | Blackrock |
Please note, there is a significant difference between Blackrock Collegeadvantage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock Collegeadvantage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock Collegeadvantage'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.
Blackrock Collegeadvantage '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 Collegeadvantage'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 Collegeadvantage.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Blackrock Collegeadvantage on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Collegeadvantage 529 or generate 0.0% return on investment in Blackrock Collegeadvantage over 540 days. Blackrock Collegeadvantage is related to or competes with Lord Abbett, Ab Bond, Ab Bond, and The Hartford. Blackrock Collegeadvantage is entity of United States More
Blackrock Collegeadvantage 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 Collegeadvantage'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 Collegeadvantage 529 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6519 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.16 |
Blackrock Collegeadvantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Collegeadvantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Collegeadvantage's standard deviation. In reality, there are many statistical measures that can use Blackrock Collegeadvantage historical prices to predict the future Blackrock Collegeadvantage's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.0314 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.4265 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Collegeadvantage'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.
Blackrock Collegeadvantage Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock Collegeadvantage secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Collegeadvantage 529, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Collegeadvantage's risk adjusted performance of 0.0648, and Mean Deviation of 0.4446 to double-check if the risk estimate we provide is consistent with the expected return of 0.0826%. The fund shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Collegeadvantage's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Collegeadvantage is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Blackrock Collegeadvantage 529 has good predictability. Overlapping area represents the amount of predictability between Blackrock Collegeadvantage time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Collegeadvantage price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Blackrock Collegeadvantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Blackrock Collegeadvantage lagged returns against current returns
Autocorrelation, which is Blackrock Collegeadvantage 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 Collegeadvantage's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Collegeadvantage returns to help us make a trade decision. For example, suppose you find that Blackrock Collegeadvantage 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 Collegeadvantage 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 Collegeadvantage mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Collegeadvantage 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 Collegeadvantage mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Collegeadvantage Lagged Returns
When evaluating Blackrock Collegeadvantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Collegeadvantage mutual fund have on its future price. Blackrock Collegeadvantage 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 Collegeadvantage autocorrelation shows the relationship between Blackrock Collegeadvantage mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Collegeadvantage 529.
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 Collegeadvantage 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 Collegeadvantage security.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |