Blackrock Health Sciences Etf Market Value
| BME Etf | USD 38.33 0.17 0.45% |
| Symbol | BlackRock |
The market value of BlackRock Health Sciences is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock Health's value that differs from its market value or its book value, called intrinsic value, which is BlackRock Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock Health's market value can be influenced by many factors that don't directly affect BlackRock Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 etf 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in BlackRock Health on December 16, 2024 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 90 days. BlackRock Health is related to or competes with Eaton Vance, Blackrock Enhanced, Cohen, BlackRock Science, Columbia Seligman, Eaton Vance, and Eaton Vance. BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc 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 etf 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.
| Downside Deviation | 0.7511 | |||
| Information Ratio | 0.1301 | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.1 |
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 | 2.0E-4 | |||
| Jensen Alpha | 0.0396 | |||
| Total Risk Alpha | 0.088 | |||
| Sortino Ratio | 0.1337 | |||
| Treynor Ratio | (0.02) |
BlackRock Health Sciences Backtested Returns
At this point, BlackRock Health is very steady. BlackRock Health Sciences secures Sharpe Ratio (or Efficiency) of 0.0622, which signifies that the etf had a 0.0622 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for BlackRock Health Sciences, which you can use to evaluate the volatility of the entity. Please confirm BlackRock Health's mean deviation of 0.6222, and Risk Adjusted Performance of 2.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.048%. The etf shows a Beta (market volatility) of 0.44, 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 | -0.8 |
Almost perfect reverse predictability
BlackRock Health Sciences has almost perfect reverse predictability. Overlapping area represents the amount of predictability between BlackRock Health time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Health Sciences price movement. The serial correlation of -0.8 indicates that around 80.0% of current BlackRock Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
BlackRock Health Sciences lagged returns against current returns
Autocorrelation, which is BlackRock Health etf'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 etf 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 etf 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock Health etf 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 etf 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 etf 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 Etf
BlackRock Health financial ratios help investors to determine whether BlackRock Etf 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.