Blackrock Nj Municipal Fund Price on March 31, 2020
| MDNJX Fund | USD 10.21 0.01 0.1% |
Below is the normalized historical share price chart for Blackrock Nj Municipal extending back to February 04, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Blackrock stands at 10.21, as last reported on the 19th of April, with the highest price reaching 10.21 and the lowest price hitting 10.21 during the day.
If you're considering investing in Blackrock Mutual Fund, it is important to understand the factors that can impact its price. We consider Blackrock very steady. Blackrock Nj Municipal secures Sharpe Ratio (or Efficiency) of 0.0011, which signifies that the fund had a 0.0011% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Blackrock Nj Municipal, which you can use to evaluate the volatility of the entity. Please confirm Blackrock's risk adjusted performance of (0.06), and Mean Deviation of 0.1542 to double-check if the risk estimate we provide is consistent with the expected return of 2.0E-4%.
Blackrock Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Blackrock |
Sharpe Ratio = 0.0011
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| Negative Returns | MDNJX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Blackrock is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Blackrock by adding Blackrock to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Blackrock Mutual Fund history
Blackrock investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Blackrock is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Blackrock Nj Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Blackrock stock prices may prove useful in developing a viable investing in Blackrock
The fund invests primarily in a portfolio of long-term investment grade New Jersey municipal bonds. Under normal circumstances, it will invest at least 80 percent of its assets in New Jersey municipal bonds. At least 80 percent of the funds assets will be invested in investment grade securities. The funds weighted average maturity will be more than ten years. It is non-diversified.
Blackrock Mutual Fund Technical Analysis
Blackrock technical mutual 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.
Price Boundaries
Blackrock Period Price Range
Blackrock April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Blackrock mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Blackrock shares will generate the highest return on investment. By undertsting and applying Blackrock mutual fund market strength indicators, traders can identify Blackrock Nj Municipal entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 10.21 | |||
| Day Typical Price | 10.21 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
Blackrock Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Blackrock's price direction in advance. Along with the technical and fundamental analysis of Blackrock Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Blackrock to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.23) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Nj 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 inflation. For more information on how to buy Blackrock Mutual Fund please use our How to Invest in Blackrock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.