Blackrock Municipal Income Stock Technical Analysis
| BYM Stock | USD 11.41 0.09 0.80% |
As of the 25th of November, BlackRock Municipal shows the risk adjusted performance of (0.07), and Mean Deviation of 0.3771. BlackRock Municipal technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm BlackRock Municipal risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if BlackRock Municipal is priced correctly, providing market reflects its regular price of 11.41 per share. Given that BlackRock Municipal has information ratio of (0.35), we suggest you to validate BlackRock Municipal Income's prevailing market performance to make sure the company can sustain itself at a future point.
BlackRock Municipal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as BlackRock, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlackRockBlackRock |
BlackRock Municipal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
BlackRock Municipal Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of BlackRock Municipal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
BlackRock Municipal Trend Analysis
Use this graph to draw trend lines for BlackRock Municipal Income. You can use it to identify possible trend reversals for BlackRock Municipal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BlackRock Municipal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.BlackRock Municipal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BlackRock Municipal Income applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that the returns on investment in BlackRock Municipal Income will continue to fail. It has 122 observation points and a regression sum of squares at 3.89, which is the sum of squared deviations for the predicted BlackRock Municipal price change compared to its average price change.About BlackRock Municipal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of BlackRock Municipal Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of BlackRock Municipal Income based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on BlackRock Municipal price pattern first instead of the macroeconomic environment surrounding BlackRock Municipal. By analyzing BlackRock Municipal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of BlackRock Municipal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to BlackRock Municipal specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2010 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.046 | 0.0506 | 0.0442 | 0.0419 | Price To Sales Ratio | 21.22 | 30.05 | 13.54 | 14.91 |
BlackRock Municipal November 25, 2024 Technical Indicators
Most technical analysis of BlackRock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for BlackRock from various momentum indicators to cycle indicators. When you analyze BlackRock charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.80) | |||
| Mean Deviation | 0.3771 | |||
| Coefficient Of Variation | (1,110) | |||
| Standard Deviation | 0.4947 | |||
| Variance | 0.2447 | |||
| Information Ratio | (0.35) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.81) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.7653 | |||
| Skewness | (0.34) | |||
| Kurtosis | 0.3049 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock Municipal Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlackRock Municipal. If investors know BlackRock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlackRock Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.572 | Earnings Share 0.53 | Revenue Per Share 0.874 | Quarterly Revenue Growth (0.01) |
The market value of BlackRock Municipal is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock Municipal's value that differs from its market value or its book value, called intrinsic value, which is BlackRock Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock Municipal's market value can be influenced by many factors that don't directly affect BlackRock Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock Municipal's 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.