Blackrock Pennsylvania Municipal Fund Market Value
| MKPYX Fund | USD 9.98 0.01 0.10% |
| Symbol | Blackrock |
Blackrock Pennsylvania '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 Pennsylvania'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 Pennsylvania.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Blackrock Pennsylvania on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Pennsylvania Municipal or generate 0.0% return on investment in Blackrock Pennsylvania over 720 days. Blackrock Pennsylvania is related to or competes with Msift High, Guggenheim High, Jpmorgan High, Siit High, American Century, and Pace High. The fund invests primarily in a portfolio of long-term investment grade Pennsylvania municipal bonds More
Blackrock Pennsylvania 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 Pennsylvania'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 Pennsylvania Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4358 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.5081 |
Blackrock Pennsylvania Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Pennsylvania's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Pennsylvania's standard deviation. In reality, there are many statistical measures that can use Blackrock Pennsylvania historical prices to predict the future Blackrock Pennsylvania's volatility.| Risk Adjusted Performance | 0.0279 | |||
| Jensen Alpha | 0.0189 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Pennsylvania's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Blackrock Pennsylvania Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock Pennsylvania secures Sharpe Ratio (or Efficiency) of 0.0614, which signifies that the fund had a 0.0614% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Pennsylvania Municipal, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Pennsylvania's mean deviation of 0.1885, and Risk Adjusted Performance of 0.0279 to double-check if the risk estimate we provide is consistent with the expected return of 0.0194%. The fund shows a Beta (market volatility) of -0.0965, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock Pennsylvania are expected to decrease at a much lower rate. During the bear market, Blackrock Pennsylvania is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
Blackrock Pennsylvania Municipal has good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Pennsylvania time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Pennsylvania price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Blackrock Pennsylvania price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Blackrock Pennsylvania lagged returns against current returns
Autocorrelation, which is Blackrock Pennsylvania 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 Pennsylvania's mutual fund expected returns. We can calculate the autocorrelation of Blackrock Pennsylvania returns to help us make a trade decision. For example, suppose you find that Blackrock Pennsylvania 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 Pennsylvania 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 Pennsylvania mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Pennsylvania 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 Pennsylvania mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Pennsylvania Lagged Returns
When evaluating Blackrock Pennsylvania's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Pennsylvania mutual fund have on its future price. Blackrock Pennsylvania 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 Pennsylvania autocorrelation shows the relationship between Blackrock Pennsylvania mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Pennsylvania 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 Pennsylvania 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 Pennsylvania security.
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