Bloom Select Income Fund Market Value

BLB-UN Fund  CAD 7.91  0.15  1.93%   
Bloom Select's market value is the price at which a share of Bloom Select trades on a public exchange. It measures the collective expectations of Bloom Select Income investors about its performance. Bloom Select is trading at 7.91 as of the 18th of March 2025, a 1.93 percent increase since the beginning of the trading day. The fund's open price was 7.76.
With this module, you can estimate the performance of a buy and hold strategy of Bloom Select Income and determine expected loss or profit from investing in Bloom Select over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in employment.
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Pair Trading with Bloom Select

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 Bloom Select 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 Bloom Select will appreciate offsetting losses from the drop in the long position's value.

Moving against Bloom Fund

  0.52GIGC Guardian Investment GradePairCorr
  0.43DXBG Dynamic Global FixedPairCorr
  0.360P0000S9O7 PIMCO Monthly IncomePairCorr
  0.36AGG Evolve Canadian AggregatePairCorr
  0.35SUN104 Sun Life MfsPairCorr
The ability to find closely correlated positions to Bloom Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bloom Select 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 Bloom Select - 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 Bloom Select Income to buy it.
The correlation of Bloom Select 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 Bloom Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bloom Select Income 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 Bloom Select 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Bloom Fund

Bloom Select financial ratios help investors to determine whether Bloom 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 Bloom with respect to the benefits of owning Bloom Select security.
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