Relative Risk vs. Return Landscape
If you would invest 1,120 in BlackRock NY Municipal Bond Inv A1 on April 24, 2013 and sell it today you would lose (4.00) from holding BlackRock NY Municipal Bond Inv A1 or give up 0.36% of portfolio value over 30 days. BlackRock NY Municipal Bond Inv A1 is currently producing negative expected returns and takes up 0.14% volatility of returns over 30 trading days. Put another way, 1% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days. Assuming 30 trading days horizon, BlackRock NY Municipal Bond Inv A1 is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 4.07 times less risky than the market. the firm trades about -0.14 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.35 of returns per unit of risk over similar time horizon.
BlackRock Realized Returns
BlackRock Annual Yield vs Year to Date Return
BlackRock NY Municipal Bond Inv A1 is regarded fifth largest fund in annual yield among similar funds. It is regarded fifth largest fund in year to date return among similar funds creating about 0.23 of Year to Date Return per Annual Yield. The ratio of Annual Yield to Year to Date Return for BlackRock NY Municipal Bond Inv A1 is roughly 4.41
Over the last 30 days BlackRock NY Municipal Bond Inv A1 has generated negative risk-adjusted returns adding no value to investors with long positions.
Estimated Market Risk
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