Blackrock Intermediate Muni Etf Market Value
| INMU Etf | USD 23.95 0.06 0.25% |
| Symbol | BlackRock |
The market value of BlackRock Intermediate 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 Intermediate's value that differs from its market value or its book value, called intrinsic value, which is BlackRock Intermediate'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 Intermediate's market value can be influenced by many factors that don't directly affect BlackRock Intermediate'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 Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock Intermediate'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 Intermediate '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 Intermediate'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 Intermediate.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in BlackRock Intermediate on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding BlackRock Intermediate Muni or generate 0.0% return on investment in BlackRock Intermediate over 30 days. BlackRock Intermediate is related to or competes with BlackRock High, IShares IBonds, IShares Short, and IShares IBonds. Under normal circumstances, the fund seeks to achieve its objective by investing at least 80 percent of its assets in mu... More
BlackRock Intermediate 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 Intermediate'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 Intermediate Muni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3122 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3376 |
BlackRock Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BlackRock Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BlackRock Intermediate's standard deviation. In reality, there are many statistical measures that can use BlackRock Intermediate historical prices to predict the future BlackRock Intermediate's volatility.| Risk Adjusted Performance | 0.0169 | |||
| Jensen Alpha | 0.0122 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.03) |
BlackRock Intermediate Backtested Returns
Currently, BlackRock Intermediate Muni is very steady. BlackRock Intermediate secures Sharpe Ratio (or Efficiency) of 0.0495, which signifies that the etf had a 0.0495% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for BlackRock Intermediate Muni, which you can use to evaluate the volatility of the entity. Please confirm BlackRock Intermediate's risk adjusted performance of 0.0169, and Mean Deviation of 0.1704 to double-check if the risk estimate we provide is consistent with the expected return of 0.0123%. The etf shows a Beta (market volatility) of -0.0864, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BlackRock Intermediate are expected to decrease at a much lower rate. During the bear market, BlackRock Intermediate is likely to outperform the market.
Auto-correlation | 0.17 |
Very weak predictability
BlackRock Intermediate Muni has very weak predictability. Overlapping area represents the amount of predictability between BlackRock Intermediate time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Intermediate price movement. The serial correlation of 0.17 indicates that over 17.0% of current BlackRock Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BlackRock Intermediate lagged returns against current returns
Autocorrelation, which is BlackRock Intermediate 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 Intermediate's etf expected returns. We can calculate the autocorrelation of BlackRock Intermediate returns to help us make a trade decision. For example, suppose you find that BlackRock Intermediate 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 Intermediate 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 Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BlackRock Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BlackRock Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
BlackRock Intermediate Lagged Returns
When evaluating BlackRock Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BlackRock Intermediate etf have on its future price. BlackRock Intermediate 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 Intermediate autocorrelation shows the relationship between BlackRock Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in BlackRock Intermediate Muni.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out BlackRock Intermediate Correlation, BlackRock Intermediate Volatility and BlackRock Intermediate Alpha and Beta module to complement your research on BlackRock Intermediate. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
BlackRock Intermediate 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.