Blackrock Muniholdings Quality Fund Market Value
| MUE Fund | USD 10.76 0.14 1.32% |
| Symbol | Blackrock |
Blackrock Muniholdings '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 Muniholdings' 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 Muniholdings.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Blackrock Muniholdings on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniholdings Quality or generate 0.0% return on investment in Blackrock Muniholdings over 30 days. Blackrock Muniholdings is related to or competes with DTF Tax, MFS High, MFS High, John Hancock, Blackrock Muniholdings, and MFS Investment. BlackRock MuniHoldings Quality Fund II, Inc More
Blackrock Muniholdings 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 Muniholdings' 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 Muniholdings Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5799 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.47 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.8507 |
Blackrock Muniholdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Muniholdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Muniholdings' standard deviation. In reality, there are many statistical measures that can use Blackrock Muniholdings historical prices to predict the future Blackrock Muniholdings' volatility.| Risk Adjusted Performance | 0.0768 | |||
| Jensen Alpha | 0.0459 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (2.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Muniholdings' 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 Muniholdings Backtested Returns
At this point, Blackrock Muniholdings is very steady. Blackrock Muniholdings secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Muniholdings Quality, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Muniholdings' mean deviation of 0.3841, and Risk Adjusted Performance of 0.0768 to double-check if the risk estimate we provide is consistent with the expected return of 0.0712%. The fund shows a Beta (market volatility) of -0.0198, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock Muniholdings are expected to decrease at a much lower rate. During the bear market, Blackrock Muniholdings is likely to outperform the market.
Auto-correlation | 0.83 |
Very good predictability
Blackrock Muniholdings Quality has very good predictability. Overlapping area represents the amount of predictability between Blackrock Muniholdings time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Muniholdings price movement. The serial correlation of 0.83 indicates that around 83.0% of current Blackrock Muniholdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Blackrock Muniholdings lagged returns against current returns
Autocorrelation, which is Blackrock Muniholdings 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 Muniholdings' fund expected returns. We can calculate the autocorrelation of Blackrock Muniholdings returns to help us make a trade decision. For example, suppose you find that Blackrock Muniholdings has exhibited high autocorrelation historically, and you observe that the 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 Muniholdings 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 Muniholdings fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Muniholdings fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Muniholdings fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Muniholdings Lagged Returns
When evaluating Blackrock Muniholdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Muniholdings fund have on its future price. Blackrock Muniholdings 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 Muniholdings autocorrelation shows the relationship between Blackrock Muniholdings fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Muniholdings Quality.
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 Fund
Blackrock Muniholdings financial ratios help investors to determine whether Blackrock 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 Muniholdings security.
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