Blackrock Muniholdings New Fund Market Value
| MUJ Fund | USD 11.14 0.02 0.18% |
| 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.
| 10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in Blackrock Muniholdings on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Blackrock Muniholdings New or generate 0.0% return on investment in Blackrock Muniholdings over 180 days. Blackrock Muniholdings is related to or competes with BlackRock Floating, Eaton Vance, Apollo Senior, Eaton Vance, and Allspring Income. BlackRock MuniHoldings New Jersey 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 New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4822 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.703 |
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) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Muniholdings' 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 Muniholdings Backtested Returns
Blackrock Muniholdings secures Sharpe Ratio (or Efficiency) of -0.0494, which signifies that the fund had a -0.0494% return per unit of standard deviation over the last 3 months. Blackrock Muniholdings New exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Muniholdings' risk adjusted performance of (0), and Mean Deviation of 0.3415 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. 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 | 0.08 |
Virtually no predictability
Blackrock Muniholdings New has virtually no predictability. Overlapping area represents the amount of predictability between Blackrock Muniholdings time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th of April 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 0.08 indicates that barely 8.0% of current Blackrock Muniholdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 New.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackrock Muniholdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackrock Muniholdings' short interest history, or implied volatility extrapolated from Blackrock Muniholdings options trading.
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Blackrock Muniholdings technical fund 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, fund market cycles, or different charting patterns.