BlackRock California Stock Forecast - 8 Period Moving Average

BFZ Stock  USD 11.82  0.04  0.34%   
The 8 Period Moving Average forecasted value of BlackRock California Municipal on the next trading day is expected to be 11.81 with a mean absolute deviation of  0.08  and the sum of the absolute errors of 4.10. BlackRock Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BlackRock California stock prices and determine the direction of BlackRock California Municipal's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BlackRock California's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BlackRock California's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BlackRock California's systematic risk associated with finding meaningful patterns of BlackRock California fundamentals over time.
Check out Historical Fundamental Analysis of BlackRock California to cross-verify your projections.
  
At this time, BlackRock California's Inventory Turnover is fairly stable compared to the past year. Payables Turnover is likely to rise to 12.61 in 2024, whereas Receivables Turnover is likely to drop 0.11 in 2024. . Common Stock Shares Outstanding is likely to drop to about 25.3 M in 2024. Net Income Applicable To Common Shares is likely to drop to about 418.4 K in 2024.
Most investors in BlackRock California cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the BlackRock California's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BlackRock California's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for BlackRock California is based on an artificially constructed time series of BlackRock California daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

BlackRock California 8 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 8 Period Moving Average forecasted value of BlackRock California Municipal on the next trading day is expected to be 11.81 with a mean absolute deviation of 0.08, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.10.
Please note that although there have been many attempts to predict BlackRock Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that BlackRock California's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

BlackRock California Stock Forecast Pattern

Backtest BlackRock CaliforniaBlackRock California Price PredictionBuy or Sell Advice 

BlackRock California Forecasted Value

In the context of forecasting BlackRock California's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. BlackRock California's downside and upside margins for the forecasting period are 11.25 and 12.36, respectively. We have considered BlackRock California's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
11.82
11.81
Expected Value
12.36
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of BlackRock California stock data series using in forecasting. Note that when a statistical model is used to represent BlackRock California stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria98.8091
BiasArithmetic mean of the errors -0.0087
MADMean absolute deviation0.0774
MAPEMean absolute percentage error0.0066
SAESum of the absolute errors4.1025
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. BlackRock California Municipal 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for BlackRock California

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BlackRock California. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BlackRock California's 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.
Hype
Prediction
LowEstimatedHigh
11.2711.8212.37
Details
Intrinsic
Valuation
LowRealHigh
11.2011.7512.30
Details
Bollinger
Band Projection (param)
LowMiddleHigh
11.7711.8111.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BlackRock California. Your research has to be compared to or analyzed against BlackRock California's peers to derive any actionable benefits. When done correctly, BlackRock California's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BlackRock California.

Other Forecasting Options for BlackRock California

For every potential investor in BlackRock, whether a beginner or expert, BlackRock California's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BlackRock Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BlackRock. Basic forecasting techniques help filter out the noise by identifying BlackRock California's price trends.

BlackRock California Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BlackRock California stock to make a market-neutral strategy. Peer analysis of BlackRock California could also be used in its relative valuation, which is a method of valuing BlackRock California by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

BlackRock California Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BlackRock California's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BlackRock California's current price.

BlackRock California Market Strength Events

Market strength indicators help investors to evaluate how BlackRock California stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BlackRock California shares will generate the highest return on investment. By undertsting and applying BlackRock California stock market strength indicators, traders can identify BlackRock California Municipal entry and exit signals to maximize returns.

BlackRock California Risk Indicators

The analysis of BlackRock California's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BlackRock California's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting blackrock stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Pair Trading with BlackRock California

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BlackRock California position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BlackRock California will appreciate offsetting losses from the drop in the long position's value.

Moving against BlackRock Stock

  0.61MDBH MDB Capital HoldingsPairCorr
The ability to find closely correlated positions to BlackRock California could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlackRock California when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BlackRock California - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BlackRock California Municipal to buy it.
The correlation of BlackRock California is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BlackRock California moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackRock California moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BlackRock California can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether BlackRock California offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BlackRock California's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Blackrock California Municipal Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Blackrock California Municipal Stock:
Check out Historical Fundamental Analysis of BlackRock California to cross-verify your projections.
Note that the BlackRock California information on this page should be used as a complementary analysis to other BlackRock California's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Is BlackRock California's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BlackRock California. If investors know BlackRock will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BlackRock California listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.367
Dividend Share
0.456
Earnings Share
0.08
Revenue Per Share
0.791
Quarterly Revenue Growth
0.043
The market value of BlackRock California is measured differently than its book value, which is the value of BlackRock that is recorded on the company's balance sheet. Investors also form their own opinion of BlackRock California's value that differs from its market value or its book value, called intrinsic value, which is BlackRock California's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BlackRock California's market value can be influenced by many factors that don't directly affect BlackRock California's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BlackRock California's value and its price as these two are different measures arrived at by different means. Investors typically determine if BlackRock California is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BlackRock California's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.