Blackrock Muniyield Fund Technical Analysis
| MYD Fund | USD 10.71 0.11 1.02% |
As of the 16th of April 2024, Blackrock Muniyield shows the risk adjusted performance of (0.12), and Mean Deviation of 0.3709. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Blackrock Muniyield, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Blackrock Muniyield, which can be compared to its peers. Please confirm Blackrock Muniyield market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Blackrock Muniyield is priced correctly, providing market reflects its regular price of 10.71 per share.
Blackrock Muniyield Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Blackrock, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BlackrockBlackrock |
Blackrock Muniyield 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.
Blackrock Muniyield Technical Analysis
The output start index for this execution was one with a total number of output elements of sixteen. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Blackrock Muniyield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Blackrock Muniyield Trend Analysis
Use this graph to draw trend lines for Blackrock Muniyield. You can use it to identify possible trend reversals for Blackrock Muniyield as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Blackrock Muniyield price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Blackrock Muniyield Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Blackrock Muniyield applied against its price change over selected period. The best fit line has a slop of 0.02 , which may imply that the returns on investment in Blackrock Muniyield will continue to fail. It has 34 observation points and a regression sum of squares at 0.2, which is the sum of squared deviations for the predicted Blackrock Muniyield price change compared to its average price change.About Blackrock Muniyield Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Blackrock Muniyield on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Blackrock Muniyield based on its technical analysis. In general, a bottom-up approach, as applied to this fund, focuses on Blackrock Muniyield price pattern first instead of the macroeconomic environment surrounding Blackrock Muniyield. By analyzing Blackrock Muniyield's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Blackrock Muniyield's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Blackrock Muniyield specific price patterns or momentum indicators. Please read more on our technical analysis page.
Blackrock Muniyield April 16, 2024 Technical Indicators
Most technical analysis of Blackrock help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Blackrock from various momentum indicators to cycle indicators. When you analyze Blackrock charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.12) | |||
| Market Risk Adjusted Performance | (0.40) | |||
| Mean Deviation | 0.3709 | |||
| Coefficient Of Variation | (556.79) | |||
| Standard Deviation | 0.485 | |||
| Variance | 0.2352 | |||
| Information Ratio | 0.0168 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.41) | |||
| Maximum Drawdown | 1.84 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 0.5484 | |||
| Skewness | (0.63) | |||
| Kurtosis | 0.0539 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Muniyield. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.