Blackrock Munivest Fund Market Value
| MVT Fund | USD 11.14 0.13 1.18% |
| Symbol | Blackrock |
Blackrock Munivest '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 Munivest's 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 Munivest.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Blackrock Munivest on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Munivest or generate 0.0% return on investment in Blackrock Munivest over 180 days. Blackrock Munivest is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniholdings, Blackrock Muniyield, Munivest Fund, Blackrock Muni, and DTF Tax. BlackRock MuniVest Fund II, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc More
Blackrock Munivest 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 Munivest's 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 Munivest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6711 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.07 |
Blackrock Munivest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Munivest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Munivest's standard deviation. In reality, there are many statistical measures that can use Blackrock Munivest historical prices to predict the future Blackrock Munivest's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | 0.001 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0826 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Munivest'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 Munivest Backtested Returns
Currently, Blackrock Munivest is very steady. Blackrock Munivest secures Sharpe Ratio (or Efficiency) of 0.0257, which signifies that the fund had a 0.0257% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Munivest, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Munivest's mean deviation of 0.4804, and Risk Adjusted Performance of 0.0068 to double-check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of -0.0317, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock Munivest are expected to decrease at a much lower rate. During the bear market, Blackrock Munivest is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
Blackrock Munivest has good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Munivest time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Munivest price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Blackrock Munivest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Blackrock Munivest lagged returns against current returns
Autocorrelation, which is Blackrock Munivest 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 Munivest's fund expected returns. We can calculate the autocorrelation of Blackrock Munivest returns to help us make a trade decision. For example, suppose you find that Blackrock Munivest 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 Munivest 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 Munivest fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Munivest fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Munivest fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Munivest Lagged Returns
When evaluating Blackrock Munivest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Munivest fund have on its future price. Blackrock Munivest 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 Munivest autocorrelation shows the relationship between Blackrock Munivest fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Munivest.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Blackrock Fund
Blackrock Munivest 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 Munivest security.
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