Blackrock Floating Rate Fund Market Value

FRA Fund  USD 14.00  0.15  1.08%   
Blackrock Floating's market value is the price at which a share of Blackrock Floating trades on a public exchange. It measures the collective expectations of Blackrock Floating Rate investors about its performance. Blackrock Floating is trading at 14.00 as of the 22nd of December 2024, a 1.08 percent increase since the beginning of the trading day. The fund's open price was 13.85.
With this module, you can estimate the performance of a buy and hold strategy of Blackrock Floating Rate and determine expected loss or profit from investing in Blackrock Floating over a given investment horizon. Check out Blackrock Floating Correlation, Blackrock Floating Volatility and Blackrock Floating Alpha and Beta module to complement your research on Blackrock Floating.
Symbol

Please note, there is a significant difference between Blackrock Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock Floating'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 Floating '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 Floating's 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 Floating.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Blackrock Floating on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Floating Rate or generate 0.0% return on investment in Blackrock Floating over 30 days. Blackrock Floating is related to or competes with BlackRock Floating, Eaton Vance, Eaton Vance, and Nuveen Floating. BlackRock Floating Rate Income Strategies Fund, Inc More

Blackrock Floating 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 Floating's 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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.

Blackrock Floating Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Floating's standard deviation. In reality, there are many statistical measures that can use Blackrock Floating historical prices to predict the future Blackrock Floating's volatility.
Hype
Prediction
LowEstimatedHigh
13.3414.0014.66
Details
Intrinsic
Valuation
LowRealHigh
12.6014.9915.65
Details
Naive
Forecast
LowNextHigh
13.2113.8714.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.7014.0214.35
Details

Blackrock Floating Rate Backtested Returns

At this point, Blackrock Floating is very steady. Blackrock Floating Rate secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Floating Rate, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Floating's risk adjusted performance of 0.1665, and Mean Deviation of 0.5387 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Floating is expected to be smaller as well.

Auto-correlation

    
  -0.58  

Good reverse predictability

Blackrock Floating Rate has good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Floating time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Floating Rate price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Blackrock Floating price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.53
Residual Average0.0
Price Variance0.02

Blackrock Floating Rate lagged returns against current returns

Autocorrelation, which is Blackrock Floating 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 Floating's fund expected returns. We can calculate the autocorrelation of Blackrock Floating returns to help us make a trade decision. For example, suppose you find that Blackrock Floating has exhibited high autocorrelation historically, and you observe that the 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 Floating 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 Floating fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Floating fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Floating fund over time.
   Current vs Lagged Prices   
       Timeline  

Blackrock Floating Lagged Returns

When evaluating Blackrock Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Floating fund have on its future price. Blackrock Floating 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 Floating autocorrelation shows the relationship between Blackrock Floating fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Floating Rate.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Blackrock Fund

Blackrock Floating financial ratios help investors to determine whether Blackrock 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 Floating security.
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