Blackrock Muniassets Fund Market Value
| XMUAX Fund | USD 12.00 0.02 0.17% |
| Symbol | Blackrock |
Please note, there is a significant difference between Blackrock Muniassets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock Muniassets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock Muniassets' 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 Muniassets '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 Muniassets' 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 Muniassets.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Blackrock Muniassets on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniassets or generate 0.0% return on investment in Blackrock Muniassets over 360 days. Blackrock Muniassets is related to or competes with Morningstar Aggressive, Western Asset, Vanguard Star, Siit High, Pioneer High, Multimanager Lifestyle, and Calvert High. Blackrock Muniassets is entity of United States More
Blackrock Muniassets 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 Muniassets' 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 Muniassets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5882 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.6891 |
Blackrock Muniassets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Muniassets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Muniassets' standard deviation. In reality, there are many statistical measures that can use Blackrock Muniassets historical prices to predict the future Blackrock Muniassets' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.06) |
Blackrock Muniassets Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock Muniassets secures Sharpe Ratio (or Efficiency) of 0.0082, which signifies that the fund had a 0.0082% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock Muniassets, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Muniassets' mean deviation of 0.2715, and Risk Adjusted Performance of (0) to double-check if the risk estimate we provide is consistent with the expected return of 0.0036%. The fund shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Muniassets' returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Muniassets is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
Blackrock Muniassets has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock Muniassets time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Blackrock Muniassets price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Blackrock Muniassets price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Blackrock Muniassets lagged returns against current returns
Autocorrelation, which is Blackrock Muniassets 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 Muniassets' mutual fund expected returns. We can calculate the autocorrelation of Blackrock Muniassets returns to help us make a trade decision. For example, suppose you find that Blackrock Muniassets 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 Muniassets 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 Muniassets mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Muniassets 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 Muniassets mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Muniassets Lagged Returns
When evaluating Blackrock Muniassets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Muniassets mutual fund have on its future price. Blackrock Muniassets 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 Muniassets autocorrelation shows the relationship between Blackrock Muniassets mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Muniassets.
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 Muniassets 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 Muniassets security.
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