Macroaxis considers BlackRock relatively not risky. BlackRock Insured Mu
secures Sharpe Ratio (or Efficiency) of -0.42 which signifies that BlackRock Insured Mu
had -0.42% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. BlackRock Insured Municipal Income Trust exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BlackRock Insured Mu Mean Deviation
of 0.3223 and Risk Adjusted Performance
of (0.21) to double-check risk estimate we provide.
Projected Return Density against Market
Considering 30-days investment horizon, BlackRock has beta of 0.15 . This suggests as returns on market go up, BlackRock avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding BlackRock Insured Municipal Income Trust will be expected to be much smaller as well. Additionally, BlackRock Insured Municipal Income Trust has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of BlackRock is -237.87. The daily returns are destributed with a variance of 0.14 and standard deviation of 0.37. The mean deviation of BlackRock Insured Municipal Income Trust is currently at 0.32. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.5
Actual Return Volatility
BlackRock Insured Municipal Income Trust has volatility of 0.37%
on return distribution over 30 days investment horizon. S&P 500 shows 0.49% volatility of returns over 30 trading days.