Blackrock California Municipal Fund Manager Performance Evaluation
| MKCMX Fund | USD 12.14 0.01 0.08% |
The fund shows a Beta (market volatility) of -0.0644, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock California are expected to decrease at a much lower rate. During the bear market, Blackrock California is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Blackrock California Municipal are ranked lower than 5 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong primary indicators, Blackrock California is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more1 | BlackRock California Municipal Opportunities Fund Q3 2024 Commentary - Seeking Alpha | 11/20/2024 |
| Expense Ratio | 0.4900 |
Blackrock |
Blackrock California Relative Risk vs. Return Landscape
If you would invest 1,204 in Blackrock California Municipal on September 2, 2024 and sell it today you would earn a total of 10.00 from holding Blackrock California Municipal or generate 0.83% return on investment over 90 days. Blackrock California Municipal is currently producing 0.0131% returns and takes up 0.195% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Blackrock, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Blackrock California Current Valuation
Fairly Valued
Today
Please note that Blackrock California's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Blackrock California shows a prevailing Real Value of $12.12 per share. The current price of the fund is $12.14. We determine the value of Blackrock California from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we favor acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will blend.
Since Blackrock California is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Blackrock Mutual Fund. However, Blackrock California's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 12.14 | Real 12.12 | Hype 12.14 | Naive 12.15 |
The intrinsic value of Blackrock California's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Blackrock California's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Blackrock California Municipal helps investors to forecast how Blackrock mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Blackrock California more accurately as focusing exclusively on Blackrock California's fundamentals will not take into account other important factors: Blackrock California Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock California's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Blackrock California Municipal, and traders can use it to determine the average amount a Blackrock California's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0672
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MKCMX |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Blackrock California is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Blackrock California by adding it to a well-diversified portfolio.
Blackrock California Fundamentals Growth
Blackrock Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Blackrock California, and Blackrock California fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Blackrock Mutual Fund performance.
| Total Asset | 2.57 B | ||||
About Blackrock California Performance
Evaluating Blackrock California's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Blackrock California has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Blackrock California has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund will invest at least 80 percent of its assets in California municipal bonds. At least 50 percent of its assets will be invested in investment grade securities. The fund may invest in both fixed rate and variable rate obligations. It may invest up to 50 percent of its assets in non-investment grade bonds.Things to note about Blackrock California performance evaluation
Checking the ongoing alerts about Blackrock California for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Blackrock California help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Latest headline from news.google.com: BlackRock California Municipal Opportunities Fund Q3 2024 Commentary - Seeking Alpha | |
| The fund maintains about 8.18% of its assets in cash |
- Analyzing Blackrock California's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Blackrock California's stock is overvalued or undervalued compared to its peers.
- Examining Blackrock California's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Blackrock California's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Blackrock California's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Blackrock California's mutual fund. These opinions can provide insight into Blackrock California's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Blackrock Mutual Fund
Blackrock California 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 California security.
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