Blackrock Core Bond Fund Market Value
| BFMCX Fund | USD 8.11 0.01 0.12% |
| Symbol | Blackrock |
Blackrock Core '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 Core'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 Core.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Blackrock Core on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Core Bond or generate 0.0% return on investment in Blackrock Core over 30 days. Blackrock Core is related to or competes with Blackrock California, Blackrock Balanced, Blackrock Eurofund, Blackrock Funds, Blackrock Emerging, Blackrock Equity, and Blackrock Advantage. The fund normally invests at least 80 percent of its assets in bonds and maintains an average portfolio duration that is... More
Blackrock Core 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 Core'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 Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 0.3704 |
Blackrock Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Core's standard deviation. In reality, there are many statistical measures that can use Blackrock Core historical prices to predict the future Blackrock Core's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Core'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 Core Bond Backtested Returns
Blackrock Core Bond secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the fund had a -0.15% return per unit of standard deviation over the last 3 months. Blackrock Core Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Core's risk adjusted performance of (0.18), and Mean Deviation of 0.253 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0619, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Core is expected to be smaller as well.
Auto-correlation | 0.02 |
Virtually no predictability
Blackrock Core Bond has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock Core time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. 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 Core Bond price movement. The serial correlation of 0.02 indicates that only 2.0% of current Blackrock Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock Core Bond lagged returns against current returns
Autocorrelation, which is Blackrock Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Core returns to help us make a trade decision. For example, suppose you find that Blackrock Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Core Lagged Returns
When evaluating Blackrock Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Core mutual fund have on its future price. Blackrock Core 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 Core autocorrelation shows the relationship between Blackrock Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Core Bond.
Regressed Prices |
| Timeline |
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Other Information on Investing in Blackrock Mutual Fund
Blackrock Core 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 Core security.
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