Blackrock Muniholdings Ny Fund Market Value
| MHN Fund | USD 10.96 0.10 0.92% |
| Symbol | Blackrock |
Blackrock Muniholdings '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 Muniholdings' 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 Muniholdings.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Blackrock Muniholdings on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniholdings Ny or generate 0.0% return on investment in Blackrock Muniholdings over 540 days. Blackrock Muniholdings is related to or competes with MFS Investment, Eaton Vance, DTF Tax, HUMANA, SCOR PK, Ab Pennsylvania, and Small Cap. BlackRock MuniHoldings New York Quality Fund, Inc More
Blackrock Muniholdings 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 Muniholdings' 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 Muniholdings Ny upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.745 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.9452 |
Blackrock Muniholdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Muniholdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Muniholdings' standard deviation. In reality, there are many statistical measures that can use Blackrock Muniholdings historical prices to predict the future Blackrock Muniholdings' volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.0346 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 1.99 |
Blackrock Muniholdings Backtested Returns
As of now, Blackrock Fund is very steady. Blackrock Muniholdings secures Sharpe Ratio (or Efficiency) of 0.0755, which signifies that the fund had a 0.0755% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Blackrock Muniholdings Ny, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Muniholdings' risk adjusted performance of 0.0622, and Mean Deviation of 0.3803 to double-check if the risk estimate we provide is consistent with the expected return of 0.0415%. The fund shows a Beta (market volatility) of 0.0185, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock Muniholdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Muniholdings is expected to be smaller as well.
Auto-correlation | 0.22 |
Weak predictability
Blackrock Muniholdings Ny has weak predictability. Overlapping area represents the amount of predictability between Blackrock Muniholdings time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 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 Muniholdings price movement. The serial correlation of 0.22 indicates that over 22.0% of current Blackrock Muniholdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Blackrock Muniholdings lagged returns against current returns
Autocorrelation, which is Blackrock Muniholdings 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 Muniholdings' fund expected returns. We can calculate the autocorrelation of Blackrock Muniholdings returns to help us make a trade decision. For example, suppose you find that Blackrock Muniholdings has exhibited high autocorrelation historically, and you observe that the 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 Muniholdings 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 Muniholdings fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Muniholdings fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Muniholdings fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Muniholdings Lagged Returns
When evaluating Blackrock Muniholdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Muniholdings fund have on its future price. Blackrock Muniholdings 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 Muniholdings autocorrelation shows the relationship between Blackrock Muniholdings fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Muniholdings Ny.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Muniholdings
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 Muniholdings 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 Muniholdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackrock Fund
The ability to find closely correlated positions to Blackrock Muniholdings 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 Muniholdings 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 Muniholdings - 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 Muniholdings Ny to buy it.
The correlation of Blackrock Muniholdings 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 Muniholdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Muniholdings 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 Muniholdings 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.Other Information on Investing in Blackrock Fund
Blackrock Muniholdings financial ratios help investors to determine whether Blackrock 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 Muniholdings security.
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