GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock 2022 Global Income Opportunity (NYSE:BGIO) » Definitions » Predictability Rank

BlackRock 2022 Globalome Opportunity (BlackRock 2022 Globalome Opportunity) Predictability Rank


View and export this data going back to . Start your Free Trial

What is BlackRock 2022 Globalome Opportunity Predictability Rank?

Not Rated

Warren Buffett said many times that the companies he likes are:

1. Simple businesses that he understands
2. that have predictable and proven earnings and
3. with economic moat
4. those can be bought at a reasonable price.

It is hard to quantify "simple businesses that he (Buffett) understands", so we will focus on the other three characteristics instead. In GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank, we will show that the businesses that have predictable and proven earnings are usually also simple businesses that an average person could understand.

GuruFocus conducted a back test study of Warren Buffett's strategy of "buying good companies at fair prices" for the years from 1998-2008.

BlackRock 2022 Globalome Opportunity Predictability Rank Calculation

In our database there are 2403 stocks that have been traded from Jan. 2, 1998 to Aug. 31, 2008. We have the complete 10-year financial data and trading prices of these companies for this period. We rank the predictability of these companies based on the consistency of their revenue per share and EBITDA (earning before interest, tax, depreciation and amortization) per share over the past ten fiscal years, and study the correlation between the stock performances and the predictability of the business.

Our study may be subject to these biases and assumptions:

Dividend yields are not counted for investment returns
Effects of price changes due to spin-offs may not be fully adjusted
Study is subjected to survivorship bias due to de-listing, bankruptcy, LBO, M&A, etc.

The correlation between business predictability and investment returns of a company is showed below.

Correlation Between Business Predictability and Investment Returns

PredictablesNon-PredictableAll stocks
Total Number of stocks57018332403
Total Lost Money61830891
Total Lost More Than 50%18412430
Total Lost More Than 90%48690
Average Gain260.6%100.0%138.1%
Median Gain150.0%13.0%39.0%
Maximum Gain2852.0%11483.0%11483.0%
Maximum Loss-100.0%-100.0%-100.0%
Annualized Average Gain12.7%6.7%8.4%
Annualized Median Gain8.9%1.1%3.1%


















For the 570 predictable companies, we have seen strong correlation between the predictability of businesses and the stock performances over the past 10 years, regardless of the valuation of business at 1998. Accordingly, we have ranked the business predictability from 5-star to 1-star, as shown in this table.

Predictability Rank5-Star4.5-Star4-Star3.5-Star3-Star2.5-Star2-Star1-Star (non-predictable)Average among all
% Out of All 2403 Stocks 3.3% 2.9% 3.7% 3.3% 3.3% 3.7% 3.3% 76.3% 100%
% that are in Loss (10y) 3% 10% 8% 9% 11% 18% 16% 45% 37%
Average Gain (10y) 364.6% 330.9% 278.0% 235.1% 243.5% 227.8% 154.8% 100.0% 138.1%
Median Gain (10y) 238.5% 193.5% 171.0% 159.0% 132.5% 113.5% 87.0% 13.0% 39.0%
Maximum Gainer 2228.0% 2547.0% 2452.0% 2852.0% 2432.0% 1892.0% 1807.0% 11483.0% 11483.0%
Maximum Loser -82.0% -53.0% -67.0% -100.0% -83.0% -100.0% -78.0% -100.0% -100.0%
Annualized Average Gain 15.4% 14.6% 13.2% 12.0% 12.2% 11.7% 9.1% 6.7% 8.4%
Annualized Median Gain 12.1% 10.6% 9.8% 9.3% 8.2% 7.3% 6.0% 1.1% 3.1%
















For detailed information about each predictability rank, please go to GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank

Also read:

Part II: What worked in the market from 1998-2008? Part II: Role of Valuations
Part III: Intrinsic Value, Discounted Cash Flow and Margin of Safety

BlackRock 2022 Globalome Opportunity Predictability Rank Related Terms

Thank you for viewing the detailed overview of BlackRock 2022 Globalome Opportunity's Predictability Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

BlackRock 2022 Globalome Opportunity (BlackRock 2022 Globalome Opportunity) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BlackRock 2022 Global Income Opportunity (NYSE:BGIO) » Definitions » Predictability Rank
Comparable Companies
BOM:503681 BOM:526251 BOM:532164 BOM:511185 BOM:512064 BOM:540386 WAR:VCP TSXV:PPK WAR:PMF WAR:WBY TSXV:FSC.H BOM:511507 BOM:512020 BOM:530055 XKRX:276920 WAR:TLH BOM:531067 TSXV:ESS ASX:BSN BOM:538351
Traded in Other Exchanges
N/A
Address
100 Bellevue Parkway, Wilmington, DE, USA, 19809
Website
http://www.blackrock.com
BlackRock 2022 Global Income Opportunity is a closed-end management investment company. Its objective is high current income and its secondary objective is and to earn a total return. The fund's portfolio is allocated under various division which includes Corporate Bonds, Asset-Backed Securities, Foreign Agency Obligations, Non-Agency Mortgage-Backed Securities, Floating Rate Loan Interests, Capital trust, and others.
Executives
Lorenzo Flores director 2100 LOGIC DRIVE, SAN JOSE CA 95124
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Trent Walker officer: Chief Financial Officer C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Richard M Rieder other: Portfolio Manager 55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio officer: Vice President 55 EAST 52ND STREET, NEW YORK NY 10055
Robert Wuertz other: Portfolio Manager 55 EAST 52ND STREET NEW YORK NY 10055
Trevor Slaven other: Portfolio Manager 55 EAST 52ND STREET NEW YORK NY 10055
Jacob Caplain other: Portfolio Manager 55 EAST 52ND STREET NEW YORK NY 10055
Amer Bisat other: Portfolio Manager 55 EAST 52ND STREET NEW YORK NY 10105
Henry Gabbay director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Martin Hegarty other: Portfolio Manager 55 EAST 52ND STREET NEW YORK NY 10105
Robert W Fairbairn director 55 EAST 52ND STREET, NEW YORK NY 10055
Michael J Castellano director C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Richard Cavanagh director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809

BlackRock 2022 Globalome Opportunity (BlackRock 2022 Globalome Opportunity) Headlines

From GuruFocus

BlackRock 2022 Global Income Opportunity Trust (BGIO) Liquidation Update

By Business Wire Business Wire • 12-03-2021

BlackRock 2022 Global Income Opportunity Trust (BGIO) Liquidation Update

By Business Wire Business Wire • 11-03-2021

BlackRock 2022 Global Income Opportunity Trust Announces Adoption of Plan of Liquidation

By Business Wire Business Wire • 06-30-2021