Blackrock Muniyield Quality Fund Market Value
| MYI Fund | USD 11.63 0.11 0.95% |
| Symbol | Blackrock |
Blackrock Muniyield '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 Muniyield'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 Muniyield.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Blackrock Muniyield on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniyield Quality or generate 0.0% return on investment in Blackrock Muniyield over 30 days. Blackrock Muniyield is related to or competes with MFS Investment, Eaton Vance, DTF Tax, Thrivent High, Morningstar Unconstrained, Via Renewables, and T Rowe. BlackRock MuniYield Quality Fund III, Inc More
Blackrock Muniyield 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 Muniyield'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 Muniyield Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6142 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.59 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.12 |
Blackrock Muniyield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Muniyield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Muniyield's standard deviation. In reality, there are many statistical measures that can use Blackrock Muniyield historical prices to predict the future Blackrock Muniyield's volatility.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.0293 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (4.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Muniyield'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 Muniyield Backtested Returns
Blackrock Muniyield is very steady at the moment. Blackrock Muniyield secures Sharpe Ratio (or Efficiency) of 0.0432, which signifies that the fund had a 0.0432% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Muniyield Quality, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Muniyield's risk adjusted performance of 0.0486, and Mean Deviation of 0.4128 to double-check if the risk estimate we provide is consistent with the expected return of 0.0246%. The fund shows a Beta (market volatility) of -0.0066, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock Muniyield are expected to decrease at a much lower rate. During the bear market, Blackrock Muniyield is likely to outperform the market.
Auto-correlation | 0.55 |
Modest predictability
Blackrock Muniyield Quality has modest predictability. Overlapping area represents the amount of predictability between Blackrock Muniyield time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Muniyield price movement. The serial correlation of 0.55 indicates that about 55.0% of current Blackrock Muniyield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Blackrock Muniyield lagged returns against current returns
Autocorrelation, which is Blackrock Muniyield 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 Muniyield's fund expected returns. We can calculate the autocorrelation of Blackrock Muniyield returns to help us make a trade decision. For example, suppose you find that Blackrock Muniyield 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 Muniyield 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 Muniyield fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Muniyield fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Muniyield fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Muniyield Lagged Returns
When evaluating Blackrock Muniyield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Muniyield fund have on its future price. Blackrock Muniyield 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 Muniyield autocorrelation shows the relationship between Blackrock Muniyield fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Muniyield Quality.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Blackrock Fund
Blackrock Muniyield 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 Muniyield security.
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