Blackrock California Municipal Fund Quote
| MKCMX Fund | USD 11.87 0.02 0.17% |
Performance4 of 100
| Odds Of DistressLess than 21
|
Blackrock California is trading at 11.87 as of the 20th of April 2024; that is -0.17% down since the beginning of the trading day. The fund's open price was 11.89. Blackrock California has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Blackrock California Municipal are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of April 2023 and ending today, the 20th of April 2024. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its assets in California municipal bonds. At least 50 percent of its assets will be invested in investment grade securities. The fund may invest in both fixed rate and variable rate obligations. More on Blackrock California Municipal
Moving together with Blackrock Mutual Fund
| 0.74 | MKCPX | Blackrock Balanced | PairCorr |
| 0.79 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.63 | MKDCX | Blackrock Emerging | PairCorr |
| 0.67 | MKDVX | Blackrock Equity Dividend | PairCorr |
| 0.72 | MKGCX | Blackrock Advantage | PairCorr |
| 0.72 | MKFOX | Blackrock Large Cap | PairCorr |
Blackrock Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Blackrock California's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Blackrock California or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | BlackRock Funds, Large Funds, Muni California Intermediate Funds, Muni California Intermediate, BlackRock (View all Sectors) |
| Update Date | 31st of March 2024 |
Blackrock California Municipal [MKCMX] is traded in USA and was established 20th of April 2024. Blackrock California is listed under BlackRock category by Fama And French industry classification. The fund is listed under Muni California Intermediate category and is part of BlackRock family. This fund now has accumulated 3.51 B in assets with no minimum investment requirementsBlackrock California is currently producing year-to-date (YTD) return of 0.2% with the current yeild of 0.0%, while the total return for the last 3 years was -0.3%.
Check Blackrock California Probability Of Bankruptcy
Instrument Allocation
Top Blackrock California Municipal Mutual Fund Constituents
| MUB | iShares National Muni | Etf | Muni National Interm |
| SUB | iShares Short Term National | Etf | Muni National Short |
| HYD | VanEck High Yield | Etf | High Yield Muni |
Blackrock California Target Price Odds Analysis
Based on a normal probability distribution, the odds of Blackrock California jumping above the current price in 90 days from now is about 78.02%. The Blackrock California Municipal probability density function shows the probability of Blackrock California mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Blackrock California has a beta of 0.0036. This indicates as returns on the market go up, Blackrock California average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Blackrock California Municipal will be expected to be much smaller as well. Additionally, blackrock California Municipal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Blackrock California to move above the current price in 90 days from now is about 78.02 (This Blackrock California Municipal probability density function shows the probability of Blackrock Mutual Fund to fall within a particular range of prices over 90 days) .
Blackrock California Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Blackrock California market risk premium is the additional return an investor will receive from holding Blackrock California long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Blackrock California. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Blackrock California's alpha and beta are two of the key measurements used to evaluate Blackrock California's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1094 | |||
| Semi Deviation | 0.1319 | |||
| Standard Deviation | 0.1712 | |||
| Variance | 0.0293 |
Blackrock California Against Markets
Picking the right benchmark for Blackrock California mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Blackrock California mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Blackrock California is critical whether you are bullish or bearish towards Blackrock California Municipal at a given time. Please also check how Blackrock California's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Blackrock California without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Blackrock Mutual Fund?
Before investing in Blackrock California, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Blackrock California. To buy Blackrock California fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Blackrock California. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Blackrock California fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Blackrock California Municipal fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Blackrock California Municipal fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Blackrock California Municipal, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Blackrock California Municipal?
The danger of trading Blackrock California Municipal is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Blackrock California is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Blackrock California. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Blackrock California is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock California Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.