Bright Rock Mid Fund Market Value

BQMGX Fund  USD 23.09  0.40  1.76%   
Bright Rock's market value is the price at which a share of Bright Rock trades on a public exchange. It measures the collective expectations of Bright Rock Mid investors about its performance. Bright Rock is trading at 23.09 as of the 15th of March 2025; that is 1.76 percent up since the beginning of the trading day. The fund's open price was 22.69.
With this module, you can estimate the performance of a buy and hold strategy of Bright Rock Mid and determine expected loss or profit from investing in Bright Rock over a given investment horizon. Check out Bright Rock Correlation, Bright Rock Volatility and Bright Rock Alpha and Beta module to complement your research on Bright Rock.
Symbol

Please note, there is a significant difference between Bright Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bright Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bright Rock'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.

Bright Rock '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 Bright Rock'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 Bright Rock.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Bright Rock on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Bright Rock Mid or generate 0.0% return on investment in Bright Rock over 90 days. Bright Rock is related to or competes with Goldman Sachs, Ab Bond, T Rowe, Federated Hermes, Aqr Managed, and Inflation Linked. The fund invests at least 80 percent of its net assets in equity securities of companies with medium-sized market capita... More

Bright Rock 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 Bright Rock'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 Bright Rock Mid upside and downside potential and time the market with a certain degree of confidence.

Bright Rock Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bright Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bright Rock's standard deviation. In reality, there are many statistical measures that can use Bright Rock historical prices to predict the future Bright Rock's volatility.
Hype
Prediction
LowEstimatedHigh
22.2323.0923.95
Details
Intrinsic
Valuation
LowRealHigh
22.7023.5624.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bright Rock. Your research has to be compared to or analyzed against Bright Rock's peers to derive any actionable benefits. When done correctly, Bright Rock's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bright Rock Mid.

Bright Rock Mid Backtested Returns

Bright Rock Mid secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the fund had a -0.2 % return per unit of risk over the last 3 months. Bright Rock Mid exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bright Rock's Standard Deviation of 1.06, mean deviation of 0.7051, and Risk Adjusted Performance of (0.20) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bright Rock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bright Rock is expected to be smaller as well.

Auto-correlation

    
  -0.02  

Very weak reverse predictability

Bright Rock Mid has very weak reverse predictability. Overlapping area represents the amount of predictability between Bright Rock time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Bright Rock Mid price movement. The serial correlation of -0.02 indicates that only 2.0% of current Bright Rock price fluctuation can be explain by its past prices.
Correlation Coefficient-0.02
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.15

Bright Rock Mid lagged returns against current returns

Autocorrelation, which is Bright Rock 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 Bright Rock's mutual fund expected returns. We can calculate the autocorrelation of Bright Rock returns to help us make a trade decision. For example, suppose you find that Bright Rock 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  

Bright Rock 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 Bright Rock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bright Rock mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bright Rock mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Bright Rock Lagged Returns

When evaluating Bright Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bright Rock mutual fund have on its future price. Bright Rock 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, Bright Rock autocorrelation shows the relationship between Bright Rock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bright Rock Mid.
   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 Bright Mutual Fund

Bright Rock financial ratios help investors to determine whether Bright 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 Bright with respect to the benefits of owning Bright Rock security.
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