Blackrock California Municipal Stock Market Value
| BFZ Stock | USD 11.51 0.06 0.52% |
| Symbol | BlackRock |
BlackRock California Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlackRock California. If investors know BlackRock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlackRock California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 10.921 | Dividend Share 0.58 | Earnings Share 0.41 | Revenue Per Share 0.829 | Quarterly Revenue Growth 0.009 |
The market value of BlackRock California is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock California's value that differs from its market value or its book value, called intrinsic value, which is BlackRock California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock California's market value can be influenced by many factors that don't directly affect BlackRock California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock California's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock California'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 California '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 California's stock 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 California.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in BlackRock California on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding BlackRock California Municipal or generate 0.0% return on investment in BlackRock California over 30 days. BlackRock California is related to or competes with Blackrock Muniyield, Blackrock Muni, Nuveen California, Munivest Fund, Invesco Van, Invesco Trust, and Bny Mellon. BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc More
BlackRock California 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 California's stock 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 California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.6009 |
BlackRock California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackRock California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackRock California's standard deviation. In reality, there are many statistical measures that can use BlackRock California historical prices to predict the future BlackRock California's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.97) |
BlackRock California Backtested Returns
BlackRock California secures Sharpe Ratio (or Efficiency) of -0.0299, which signifies that the company had a -0.0299% return per unit of standard deviation over the last 3 months. BlackRock California Municipal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BlackRock California's mean deviation of 0.3625, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0151, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BlackRock California's returns are expected to increase less than the market. However, during the bear market, the loss of holding BlackRock California is expected to be smaller as well. At this point, BlackRock California has a negative expected return of -0.0152%. Please make sure to confirm BlackRock California's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if BlackRock California performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
BlackRock California Municipal has weak predictability. Overlapping area represents the amount of predictability between BlackRock California time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 California price movement. The serial correlation of 0.22 indicates that over 22.0% of current BlackRock California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BlackRock California lagged returns against current returns
Autocorrelation, which is BlackRock California stock'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 California's stock expected returns. We can calculate the autocorrelation of BlackRock California returns to help us make a trade decision. For example, suppose you find that BlackRock California has exhibited high autocorrelation historically, and you observe that the stock 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 California 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 California stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock California stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock California stock over time.
Current vs Lagged Prices |
| Timeline |
BlackRock California Lagged Returns
When evaluating BlackRock California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackRock California stock have on its future price. BlackRock California 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 California autocorrelation shows the relationship between BlackRock California stock current value and its past values and can show if there is a momentum factor associated with investing in BlackRock California Municipal.
Regressed Prices |
| Timeline |
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When running BlackRock California's price analysis, check to measure BlackRock California's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BlackRock California is operating at the current time. Most of BlackRock California's value examination focuses on studying past and present price action to predict the probability of BlackRock California's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BlackRock California's price. Additionally, you may evaluate how the addition of BlackRock California to your portfolios can decrease your overall portfolio volatility.