Blackrock Health Sciences Fund Technical Analysis
| SHSAX Fund | USD 68.68 0.08 0.12% |
As of the 11th of December 2024, Blackrock Health shows the risk adjusted performance of (0.06), and Mean Deviation of 0.5705. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Blackrock Health, as well as the relationship between them.
Blackrock Health Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Blackrock, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlackrockBlackrock |
Blackrock Health technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Blackrock Health Sciences Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Blackrock Health Sciences volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Blackrock Health Sciences Trend Analysis
Use this graph to draw trend lines for Blackrock Health Sciences. You can use it to identify possible trend reversals for Blackrock Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Blackrock Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Blackrock Health Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Blackrock Health Sciences applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Blackrock Health Sciences market price will keep on failing further. It has 122 observation points and a regression sum of squares at 178.24, which is the sum of squared deviations for the predicted Blackrock Health price change compared to its average price change.About Blackrock Health Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Blackrock Health Sciences on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Blackrock Health Sciences based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Blackrock Health Sciences price pattern first instead of the macroeconomic environment surrounding Blackrock Health Sciences. By analyzing Blackrock Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Blackrock Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Blackrock Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
Blackrock Health December 11, 2024 Technical Indicators
Most technical analysis of Blackrock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Blackrock from various momentum indicators to cycle indicators. When you analyze Blackrock charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.40) | |||
| Mean Deviation | 0.5705 | |||
| Coefficient Of Variation | (1,160) | |||
| Standard Deviation | 0.719 | |||
| Variance | 0.517 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.41) | |||
| Maximum Drawdown | 3.38 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.9093 | |||
| Skewness | (0.63) | |||
| Kurtosis | 0.4728 |
Blackrock Health Sciences One Year Return
Based on the recorded statements, Blackrock Health Sciences has an One Year Return of 13.2245%. This is 17.4% lower than that of the BlackRock family and significantly higher than that of the Health category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.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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