Blackrock Health Sciences Fund Market Value
| SHSSX Fund | USD 74.97 0.37 0.50% |
| Symbol | Blackrock |
Blackrock Health '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 Health'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 Health.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Blackrock Health on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Health Sciences or generate 0.0% return on investment in Blackrock Health over 690 days. Blackrock Health is related to or competes with Vy(r) T, Eaton Vance, Blackrock Health, and Blackrock Health. The fund invests at least 80 percent of its total assets in equity securities, primarily common stock, of companies in h... More
Blackrock Health 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 Health'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 Health Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.9115 |
Blackrock Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Health's standard deviation. In reality, there are many statistical measures that can use Blackrock Health historical prices to predict the future Blackrock Health's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Health'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 Health Sciences Backtested Returns
Blackrock Health Sciences secures Sharpe Ratio (or Efficiency) of -0.0924, which signifies that the fund had a -0.0924% return per unit of standard deviation over the last 3 months. Blackrock Health Sciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Health's risk adjusted performance of (0.06), and Mean Deviation of 0.581 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Health is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Blackrock Health Sciences has weak reverse predictability. Overlapping area represents the amount of predictability between Blackrock Health time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Health Sciences price movement. The serial correlation of -0.23 indicates that over 23.0% of current Blackrock Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
Blackrock Health Sciences lagged returns against current returns
Autocorrelation, which is Blackrock Health 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 Health's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Health returns to help us make a trade decision. For example, suppose you find that Blackrock Health 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 Health 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 Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Health 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 Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Health Lagged Returns
When evaluating Blackrock Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Health mutual fund have on its future price. Blackrock Health 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 Health autocorrelation shows the relationship between Blackrock Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Health Sciences.
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 Health 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 Health security.
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