Blackrock Muniyield New Fund Market Value
| MYN Fund | USD 10.66 0.08 0.76% |
| 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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Blackrock Muniyield on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniyield New or generate 0.0% return on investment in Blackrock Muniyield over 720 days. Blackrock Muniyield is related to or competes with MFS Investment, Invesco High, Eaton Vance, Federated Premier, Blackrock Muniholdings, Blackrock Muni, and Nuveen Municipal. BlackRock MuniYield New York Quality Fund, 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 New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5582 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.39 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.9862 |
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 | 0.0842 | |||
| Jensen Alpha | 0.0544 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (13.15) |
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 New Backtested Returns
As of now, BlackRock Fund is very steady. Blackrock Muniyield New secures Sharpe Ratio (or Efficiency) of 0.093, which signifies that the fund had a 0.093% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Blackrock Muniyield New, which you can use to evaluate the volatility of the entity. Please confirm Blackrock Muniyield's mean deviation of 0.4149, and Risk Adjusted Performance of 0.0842 to double-check if the risk estimate we provide is consistent with the expected return of 0.0522%. The fund shows a Beta (market volatility) of -0.0041, 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 | -0.6 |
Good reverse predictability
Blackrock Muniyield New has good reverse predictability. Overlapping area represents the amount of predictability between Blackrock Muniyield time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 New price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Blackrock Muniyield price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Blackrock Muniyield New 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 New.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Muniyield
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 Muniyield 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 Muniyield will appreciate offsetting losses from the drop in the long position's value.Moving together with BlackRock Fund
Moving against BlackRock Fund
The ability to find closely correlated positions to Blackrock Muniyield 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 Muniyield 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 Muniyield - 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 Muniyield New to buy it.
The correlation of Blackrock Muniyield 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 Muniyield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Muniyield New 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 Muniyield 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 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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