Blackrock 2037 Municipal Etf Market Value
| BMN Etf | USD 25.33 0.07 0.28% |
| Symbol | Blackrock |
The market value of Blackrock 2037 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 2037's value that differs from its market value or its book value, called intrinsic value, which is Blackrock 2037'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 2037's market value can be influenced by many factors that don't directly affect Blackrock 2037'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 2037's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock 2037 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock 2037'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.
Blackrock 2037 '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 2037's etf 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 2037.
| 09/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in Blackrock 2037 on September 17, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock 2037 Municipal or generate 0.0% return on investment in Blackrock 2037 over 90 days. Blackrock 2037 is related to or competes with Invesco BulletShares, and Invesco BulletShares. Blackrock 2037 is entity of United States More
Blackrock 2037 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 2037's etf 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 2037 Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6283 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.84 |
Blackrock 2037 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock 2037's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock 2037's standard deviation. In reality, there are many statistical measures that can use Blackrock 2037 historical prices to predict the future Blackrock 2037's volatility.| Risk Adjusted Performance | 0.0453 | |||
| Jensen Alpha | 0.0321 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.60) |
Blackrock 2037 Municipal Backtested Returns
As of now, Blackrock Etf is very steady. Blackrock 2037 Municipal secures Sharpe Ratio (or Efficiency) of 0.043, which signifies that the etf had a 0.043% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock 2037 Municipal, which you can use to evaluate the volatility of the entity. Please confirm Blackrock 2037's mean deviation of 0.4306, and Risk Adjusted Performance of 0.0453 to double-check if the risk estimate we provide is consistent with the expected return of 0.0253%. The etf shows a Beta (market volatility) of -0.0476, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock 2037 are expected to decrease at a much lower rate. During the bear market, Blackrock 2037 is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Blackrock 2037 Municipal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Blackrock 2037 time series from 17th of September 2024 to 1st of November 2024 and 1st of November 2024 to 16th 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 2037 Municipal price movement. The serial correlation of -0.18 indicates that over 18.0% of current Blackrock 2037 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Blackrock 2037 Municipal lagged returns against current returns
Autocorrelation, which is Blackrock 2037 etf'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 2037's etf expected returns. We can calculate the autocorrelation of Blackrock 2037 returns to help us make a trade decision. For example, suppose you find that Blackrock 2037 has exhibited high autocorrelation historically, and you observe that the etf 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 2037 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 2037 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock 2037 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock 2037 etf over time.
Current vs Lagged Prices |
| Timeline |
Blackrock 2037 Lagged Returns
When evaluating Blackrock 2037's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock 2037 etf have on its future price. Blackrock 2037 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 2037 autocorrelation shows the relationship between Blackrock 2037 etf current value and its past values and can show if there is a momentum factor associated with investing in Blackrock 2037 Municipal.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock 2037
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackrock 2037 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackrock 2037 will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Etf
| 0.62 | BSMN | Invesco | PairCorr |
| 0.66 | BSMP | Invesco BulletShares 2025 | PairCorr |
| 0.8 | BSMQ | Invesco BulletShares 2026 | PairCorr |
Moving against Blackrock Etf
| 0.6 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.4 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.32 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
The ability to find closely correlated positions to Blackrock 2037 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackrock 2037 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackrock 2037 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackrock 2037 Municipal to buy it.
The correlation of Blackrock 2037 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackrock 2037 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock 2037 Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackrock 2037 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Blackrock 2037 Correlation, Blackrock 2037 Volatility and Blackrock 2037 Alpha and Beta module to complement your research on Blackrock 2037. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Blackrock 2037 technical etf 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, etf market cycles, or different charting patterns.