Blackrock Health Sciences Fund Market Value
| XBMZX Fund | USD 16.69 0.17 1.03% |
| Symbol | Blackrock |
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 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 Blackrock Health.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Blackrock Health on November 5, 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 60 days. Blackrock Health is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Blackrock Health is entity of United States 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 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 Blackrock Health Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.26 |
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 | (0.07) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.61) |
Blackrock Health Sciences Backtested Returns
Blackrock Health Sciences secures Sharpe Ratio (or Efficiency) of -0.0655, which signifies that the fund had a -0.0655% return per unit of standard deviation over the last 3 months. Blackrock Health Sciences exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Health's risk adjusted performance of (0.07), and Mean Deviation of 0.7358 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. 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 | 0.66 |
Good predictability
Blackrock Health Sciences has good predictability. Overlapping area represents the amount of predictability between Blackrock Health time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 0.66 indicates that around 66.0% of current Blackrock Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Blackrock Health Sciences lagged returns against current returns
Autocorrelation, which is Blackrock Health 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 Blackrock Health's mutual fund 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 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 |
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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Health mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Health mutual fund 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 mutual fund 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 mutual fund 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 |
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Other Information on Investing in Blackrock Mutual Fund
Blackrock Health financial ratios help investors to determine whether Blackrock 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 Blackrock with respect to the benefits of owning Blackrock Health security.
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