Ishares Municipal Bond Fund Market Value
| BIDKX Fund | USD 11.17 0.02 0.18% |
| Symbol | Ishares |
Ishares Municipal '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 Ishares Municipal'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 Ishares Municipal.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ishares Municipal on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Ishares Municipal Bond or generate 0.0% return on investment in Ishares Municipal over 180 days. Ishares Municipal is related to or competes with Vanguard Long-term, Vanguard High-yield, Franklin Federal, and Franklin Federal. The fund generally invests at least 80 percent of its assets, plus the amount of any borrowings for investment purposes,... More
Ishares Municipal 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 Ishares Municipal'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 Ishares Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3793 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.2732 |
Ishares Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ishares Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ishares Municipal's standard deviation. In reality, there are many statistical measures that can use Ishares Municipal historical prices to predict the future Ishares Municipal's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.14) |
Ishares Municipal Bond Backtested Returns
At this stage we consider Ishares Mutual Fund to be very steady. Ishares Municipal Bond holds Efficiency (Sharpe) Ratio of 0.0769, which attests that the entity had a 0.0769% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Ishares Municipal Bond, which you can use to evaluate the volatility of the entity. Please check out Ishares Municipal's Market Risk Adjusted Performance of (0.13), downside deviation of 0.3793, and Risk Adjusted Performance of 0.0487 to validate if the risk estimate we provide is consistent with the expected return of 0.0186%. The fund retains a Market Volatility (i.e., Beta) of -0.0886, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ishares Municipal are expected to decrease at a much lower rate. During the bear market, Ishares Municipal is likely to outperform the market.
Auto-correlation | -0.51 |
Good reverse predictability
Ishares Municipal Bond has good reverse predictability. Overlapping area represents the amount of predictability between Ishares Municipal time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Ishares Municipal Bond price movement. The serial correlation of -0.51 indicates that about 51.0% of current Ishares Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ishares Municipal Bond lagged returns against current returns
Autocorrelation, which is Ishares Municipal 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 Ishares Municipal's mutual fund expected returns. We can calculate the autocorrelation of Ishares Municipal returns to help us make a trade decision. For example, suppose you find that Ishares Municipal 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 |
Ishares Municipal 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 Ishares Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ishares Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ishares Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ishares Municipal Lagged Returns
When evaluating Ishares Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ishares Municipal mutual fund have on its future price. Ishares Municipal 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, Ishares Municipal autocorrelation shows the relationship between Ishares Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ishares Municipal Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ishares Mutual Fund
Ishares Municipal financial ratios help investors to determine whether Ishares 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 Ishares with respect to the benefits of owning Ishares Municipal security.
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