Blackrock National Municipal Fund Market Value
| MDNLX Fund | USD 10.06 0.01 0.1% |
| Symbol | Blackrock |
Blackrock National '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 National'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 Blackrock National.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Blackrock National on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock National Municipal or generate 0.0% return on investment in Blackrock National over 90 days. Blackrock National is related to or competes with Angel Oak, Mid Cap, Nasdaq 100, Vy Jpmorgan, and The Hartford. The investment seeks to provide shareholders with as high a level of income exempt from Federal income taxes as is consi... More
Blackrock National 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 National'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 Blackrock National Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.29 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.2997 |
Blackrock National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock National's standard deviation. In reality, there are many statistical measures that can use Blackrock National historical prices to predict the future Blackrock National's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.5158 |
Blackrock National Backtested Returns
Blackrock National secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of standard deviation over the last 3 months. Blackrock National Municipal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock National's risk adjusted performance of (0.03), and Mean Deviation of 0.1447 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0221, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock National are expected to decrease at a much lower rate. During the bear market, Blackrock National is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Blackrock National Municipal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Blackrock National time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st of January 2025. 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 National price movement. The serial correlation of -0.16 indicates that over 16.0% of current Blackrock National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock National lagged returns against current returns
Autocorrelation, which is Blackrock National 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 Blackrock National's mutual fund expected returns. We can calculate the autocorrelation of Blackrock National returns to help us make a trade decision. For example, suppose you find that Blackrock National 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 |
Blackrock National 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 National mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock National mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock National mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock National Lagged Returns
When evaluating Blackrock National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock National mutual fund have on its future price. Blackrock National 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 National autocorrelation shows the relationship between Blackrock National mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock National Municipal.
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 Blackrock Mutual Fund
Blackrock National 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 National security.
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