Macroaxis considers BlackRock MuniYield to be not too volatile. BlackRock MuniYield secures Sharpe Ratio (or Efficiency) of -0.1771 which signifies that BlackRock MuniYield had -0.1771% 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 MuniYield Investment Quality Fund exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BlackRock MuniYield Mean Deviation of 0.3725 and Risk Adjusted Performance of
(0.041716) to double-check risk estimate we provide.
|Investment Horizon||30 Days Login to change|
BlackRock MuniYield Market Sensitivity
|As returns on market increase, returns on owning BlackRock MuniYield are expected to decrease at a much smaller rate. During bear market, BlackRock MuniYield is likely to outperform the market.One Month Beta |Analyze BlackRock MuniYield Demand TrendCheck current 30 days BlackRock MuniYield correlation with market (DOW)|
β = -0.4452
Projected Return Density Against MarketConsidering 30-days investment horizon, BlackRock MuniYield Investment Quality Fund has beta of -0.4452 indicating as returns on benchmark increase, returns on holding BlackRock MuniYield are expected to decrease at a much smaller rate. During bear market, however, BlackRock MuniYield Investment Quality Fund is likely to outperform the market. Additionally, BlackRock MuniYield Investment Quality Fund has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of BlackRock MuniYield is -564.62. The daily returns are destributed with a variance of 0.22 and standard deviation of 0.47. The mean deviation of BlackRock MuniYield Investment Quality Fund is currently at 0.37. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23