Blackrock Municipal Income Stock Market Value
| BYM Stock | USD 11.60 0.12 1.05% |
| Symbol | BlackRock |
BlackRock Municipal Price To Book Ratio
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.
BlackRock Municipal '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 Municipal's stock 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 Municipal.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in BlackRock Municipal on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding BlackRock Municipal Income or generate 0.0% return on investment in BlackRock Municipal over 720 days. BlackRock Municipal is related to or competes with HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, SPACE, Via Renewables, and T Rowe. BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc More
BlackRock Municipal 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 Municipal's stock 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 Municipal Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.7951 |
BlackRock Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackRock Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackRock Municipal's standard deviation. In reality, there are many statistical measures that can use BlackRock Municipal historical prices to predict the future BlackRock Municipal's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BlackRock Municipal'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 Municipal Backtested Returns
BlackRock Municipal secures Sharpe Ratio (or Efficiency) of -0.0325, which signifies that the company had a -0.0325% return per unit of standard deviation over the last 3 months. BlackRock Municipal Income exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BlackRock Municipal's risk adjusted performance of (0.05), and Mean Deviation of 0.3828 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0497, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BlackRock Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding BlackRock Municipal is expected to be smaller as well. At this point, BlackRock Municipal has a negative expected return of -0.0164%. Please make sure to confirm BlackRock Municipal's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if BlackRock Municipal performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
BlackRock Municipal Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between BlackRock Municipal time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Municipal price movement. The serial correlation of -0.71 indicates that around 71.0% of current BlackRock Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
BlackRock Municipal lagged returns against current returns
Autocorrelation, which is BlackRock Municipal stock'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 Municipal's stock expected returns. We can calculate the autocorrelation of BlackRock Municipal returns to help us make a trade decision. For example, suppose you find that BlackRock Municipal has exhibited high autocorrelation historically, and you observe that the stock 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 Municipal 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 Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
BlackRock Municipal Lagged Returns
When evaluating BlackRock Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackRock Municipal stock have on its future price. BlackRock Municipal 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 Municipal autocorrelation shows the relationship between BlackRock Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in BlackRock Municipal Income.
Regressed Prices |
| Timeline |
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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.