Blackrock High Yield Etf Market Value
| HYMU Etf | USD 22.97 0.03 0.13% |
| Symbol | BlackRock |
The market value of BlackRock High Yield is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock High's value that differs from its market value or its book value, called intrinsic value, which is BlackRock High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock High's market value can be influenced by many factors that don't directly affect BlackRock High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock High's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock High'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 High '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 High's etf 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 High.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in BlackRock High on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding BlackRock High Yield or generate 0.0% return on investment in BlackRock High over 30 days. BlackRock High is related to or competes with BlackRock Intermediate, VanEck Short, IShares IBonds, SPDR Nuveen, and IShares Short. Under normal circumstances, the fund seeks to achieve its objectives by investing at least 80 percent of its assets in m... More
BlackRock High 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 High's etf 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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3888 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.3946 |
BlackRock High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackRock High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackRock High's standard deviation. In reality, there are many statistical measures that can use BlackRock High historical prices to predict the future BlackRock High's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.07) |
BlackRock High Yield Backtested Returns
Currently, BlackRock High Yield is very steady. BlackRock High Yield secures Sharpe Ratio (or Efficiency) of 0.037, which signifies that the etf had a 0.037% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for BlackRock High Yield, which you can use to evaluate the volatility of the entity. Please confirm BlackRock High's mean deviation of 0.2123, and Risk Adjusted Performance of 0.0134 to double-check if the risk estimate we provide is consistent with the expected return of 0.0114%. The etf shows a Beta (market volatility) of -0.0189, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BlackRock High are expected to decrease at a much lower rate. During the bear market, BlackRock High is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
BlackRock High Yield has poor predictability. Overlapping area represents the amount of predictability between BlackRock High time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 High Yield price movement. The serial correlation of 0.25 indicates that over 25.0% of current BlackRock High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BlackRock High Yield lagged returns against current returns
Autocorrelation, which is BlackRock High etf'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 High's etf expected returns. We can calculate the autocorrelation of BlackRock High returns to help us make a trade decision. For example, suppose you find that BlackRock High has exhibited high autocorrelation historically, and you observe that the etf 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock High etf over time.
Current vs Lagged Prices |
| Timeline |
BlackRock High Lagged Returns
When evaluating BlackRock High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackRock High etf have on its future price. BlackRock High 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 High autocorrelation shows the relationship between BlackRock High etf current value and its past values and can show if there is a momentum factor associated with investing in BlackRock High Yield.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out BlackRock High Correlation, BlackRock High Volatility and BlackRock High Alpha and Beta module to complement your research on BlackRock High. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
BlackRock High technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.