Blackrock Science Tech Etf Market Value
| BST Etf | USD 37.01 0.27 0.73% |
| Symbol | BlackRock |
The market value of BlackRock Science Tech 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 Science's value that differs from its market value or its book value, called intrinsic value, which is BlackRock Science'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 Science's market value can be influenced by many factors that don't directly affect BlackRock Science'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 Science's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock Science is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock Science'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 Science '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 Science'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 Science.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in BlackRock Science on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding BlackRock Science Tech or generate 0.0% return on investment in BlackRock Science over 180 days. BlackRock Science is related to or competes with BlackRock Health, Blackrock Innovation, Virtus Allianzgi, Highland Floating, Columbia Seligman, Eaton Vance, and BlackRock Utility. BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc More
BlackRock Science 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 Science'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 Science Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.51 |
BlackRock Science Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackRock Science's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackRock Science's standard deviation. In reality, there are many statistical measures that can use BlackRock Science historical prices to predict the future BlackRock Science's volatility.| Risk Adjusted Performance | 0.1089 | |||
| Jensen Alpha | 0.0329 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1746 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BlackRock Science'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 Science Tech Backtested Returns
Currently, BlackRock Science Tech is very steady. BlackRock Science Tech secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the etf had a 0.18% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for BlackRock Science Tech, which you can use to evaluate the volatility of the entity. Please confirm BlackRock Science's risk adjusted performance of 0.1089, and Mean Deviation of 0.7117 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BlackRock Science's returns are expected to increase less than the market. However, during the bear market, the loss of holding BlackRock Science is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
BlackRock Science Tech has good reverse predictability. Overlapping area represents the amount of predictability between BlackRock Science time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 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 Science Tech price movement. The serial correlation of -0.52 indicates that about 52.0% of current BlackRock Science price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.61 |
BlackRock Science Tech lagged returns against current returns
Autocorrelation, which is BlackRock Science 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 Science's etf expected returns. We can calculate the autocorrelation of BlackRock Science returns to help us make a trade decision. For example, suppose you find that BlackRock Science 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 Science 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 Science etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock Science etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock Science etf over time.
Current vs Lagged Prices |
| Timeline |
BlackRock Science Lagged Returns
When evaluating BlackRock Science's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackRock Science etf have on its future price. BlackRock Science 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 Science autocorrelation shows the relationship between BlackRock Science etf current value and its past values and can show if there is a momentum factor associated with investing in BlackRock Science Tech.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in BlackRock Etf
BlackRock Science 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 Science security.