Blackrock Resources Commodities Fund Market Value
| BCX Fund | USD 9.47 0.02 0.21% |
| Symbol | Blackrock |
Blackrock Resources '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 Resources' 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 Resources.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Blackrock Resources on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Resources Commodities or generate 0.0% return on investment in Blackrock Resources over 720 days. Blackrock Resources is related to or competes with Blackrock International, BlackRock Health, Blackrock Enhanced, Guggenheim Taxable, BlackRock Global, Eaton Vance, and Blackrock Innovation. Blackrock Resources Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc More
Blackrock Resources 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 Resources' 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 Resources Commodities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9549 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.21 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.49 |
Blackrock Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Resources' standard deviation. In reality, there are many statistical measures that can use Blackrock Resources historical prices to predict the future Blackrock Resources' volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0905 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Resources' 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 Resources Backtested Returns
At this stage we consider Blackrock Fund to be very steady. Blackrock Resources secures Sharpe Ratio (or Efficiency) of 0.0988, which signifies that the fund had a 0.0988% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Resources Commodities, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Resources' mean deviation of 0.7014, and Risk Adjusted Performance of 0.0578 to double-check if the risk estimate we provide is consistent with the expected return of 0.0869%. The fund shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Resources is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Blackrock Resources Commodities has very good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Resources time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Resources price movement. The serial correlation of -0.67 indicates that around 67.0% of current Blackrock Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Blackrock Resources lagged returns against current returns
Autocorrelation, which is Blackrock Resources 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 Resources' fund expected returns. We can calculate the autocorrelation of Blackrock Resources returns to help us make a trade decision. For example, suppose you find that Blackrock Resources has exhibited high autocorrelation historically, and you observe that the 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 Resources 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 Resources fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Resources fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Resources fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Resources Lagged Returns
When evaluating Blackrock Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Resources fund have on its future price. Blackrock Resources 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 Resources autocorrelation shows the relationship between Blackrock Resources fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Resources Commodities.
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 Fund
Blackrock Resources financial ratios help investors to determine whether Blackrock 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 Resources security.
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