Blackrock 4060 Target Fund Market Value
| BKMPX Fund | USD 12.14 0.03 0.25% |
| Symbol | Blackrock |
Blackrock 4060 '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 4060'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 4060.
| 04/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Blackrock 4060 on April 30, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock 4060 Target or generate 0.0% return on investment in Blackrock 4060 over 720 days. Blackrock 4060 is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Emerging, Blackrock Equity, Blackrock Advantage, and Blackrock Strategic. The fund, which is a fund of funds, normally obtains exposure to equity securities in an amount equal to 40 percent of i... More
Blackrock 4060 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 4060'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 4060 Target upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6016 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.27 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.6595 |
Blackrock 4060 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock 4060's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock 4060's standard deviation. In reality, there are many statistical measures that can use Blackrock 4060 historical prices to predict the future Blackrock 4060's volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.007 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock 4060'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 4060 Target Backtested Returns
We consider Blackrock 4060 very steady. Blackrock 4060 Target secures Sharpe Ratio (or Efficiency) of 0.0114, which signifies that the fund had a 0.0114% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock 4060 Target, which you can use to evaluate the volatility of the entity. Please confirm Blackrock 4060's risk adjusted performance of 0.015, and Mean Deviation of 0.2862 to double-check if the risk estimate we provide is consistent with the expected return of 0.0048%. The fund shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock 4060's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock 4060 is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Blackrock 4060 Target has average predictability. Overlapping area represents the amount of predictability between Blackrock 4060 time series from 30th of April 2022 to 25th of April 2023 and 25th of April 2023 to 19th of April 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 4060 Target price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Blackrock 4060 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Blackrock 4060 Target lagged returns against current returns
Autocorrelation, which is Blackrock 4060 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 4060's mutual fund expected returns. We can calculate the autocorrelation of Blackrock 4060 returns to help us make a trade decision. For example, suppose you find that Blackrock 4060 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 4060 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 4060 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock 4060 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 4060 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock 4060 Lagged Returns
When evaluating Blackrock 4060's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock 4060 mutual fund have on its future price. Blackrock 4060 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 4060 autocorrelation shows the relationship between Blackrock 4060 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock 4060 Target.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackrock 4060 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackrock 4060's short interest history, or implied volatility extrapolated from Blackrock 4060 options trading.
Pair Trading with Blackrock 4060
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackrock 4060 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackrock 4060 will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Mutual Fund
| 0.79 | MKCMX | Blackrock California | PairCorr |
| 0.95 | MKCPX | Blackrock Balanced | PairCorr |
| 0.92 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.85 | MKDCX | Blackrock Emerging | PairCorr |
| 0.92 | MKDVX | Blackrock Equity Dividend | PairCorr |
The ability to find closely correlated positions to Blackrock 4060 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackrock 4060 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackrock 4060 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackrock 4060 Target to buy it.
The correlation of Blackrock 4060 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackrock 4060 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock 4060 Target moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackrock 4060 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Blackrock 4060 Correlation, Blackrock 4060 Volatility and Blackrock 4060 Alpha and Beta module to complement your research on Blackrock 4060. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Blackrock 4060 technical mutual fund 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, fund market cycles, or different charting patterns.