Blackrock New Jersey Fund Quote

MKNJX Fund  USD 10.33  0.02  0.19%   

Performance

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Odds Of Distress

Less than 44

 
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Blackrock New is trading at 10.33 as of the 28th of March 2024; that is -0.19 percent decrease since the beginning of the trading day. The fund's open price was 10.35. Blackrock New has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Blackrock New Jersey are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
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. More on Blackrock New Jersey

Moving together with Blackrock Mutual Fund

  0.73USG USCF Gold Strategy Symbol ChangePairCorr
  0.98MSPYX Blackrock Pa MuniPairCorr

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 New's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Blackrock New or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Fund ConcentrationBlackRock Funds, Large Funds, Muni New Jersey Funds, Muni New Jersey, BlackRock (View all Sectors)
Update Date31st of March 2024
Blackrock New Jersey [MKNJX] is traded in USA and was established 28th of March 2024. Blackrock New is listed under BlackRock category by Fama And French industry classification. The fund is listed under Muni New Jersey category and is part of BlackRock family. This fund now has accumulated 365.17 M in assets with no minimum investment requirementsBlackrock New Jersey is currently producing year-to-date (YTD) return of 0.16% with the current yeild of 0.0%, while the total return for the last 3 years was 0.03%.
Check Blackrock New Probability Of Bankruptcy

Instrument Allocation

Blackrock New Target Price Odds Analysis

Based on a normal probability distribution, the odds of Blackrock New jumping above the current price in 90 days from now is about 41.98%. The Blackrock New Jersey probability density function shows the probability of Blackrock New mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Blackrock New Jersey has a beta of -0.031. This indicates as returns on benchmark increase, returns on holding Blackrock New are expected to decrease at a much lower rate. During the bear market, however, Blackrock New Jersey is likely to outperform the market. Additionally, blackrock New Jersey has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.33HorizonTargetOdds Above 10.33
55.97%90 days
 10.33 
41.98%
Based on a normal probability distribution, the odds of Blackrock New to move above the current price in 90 days from now is about 41.98 (This Blackrock New Jersey probability density function shows the probability of Blackrock Mutual Fund to fall within a particular range of prices over 90 days) .

Blackrock New Jersey Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Blackrock New market risk premium is the additional return an investor will receive from holding Blackrock New 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 New. 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 New's alpha and beta are two of the key measurements used to evaluate Blackrock New's performance over the market, the standard measures of volatility play an important role as well.

Blackrock New Against Markets

Picking the right benchmark for Blackrock New 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 New 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 New is critical whether you are bullish or bearish towards Blackrock New Jersey at a given time. Please also check how Blackrock New'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 New 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.

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How to buy Blackrock Mutual Fund?

Before investing in Blackrock New, 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 New. To buy Blackrock New fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Blackrock New. 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 New fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Blackrock New Jersey 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 New Jersey 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 New Jersey, 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 New Jersey?

The danger of trading Blackrock New Jersey 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 New 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 New. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Blackrock New Jersey 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 New Jersey. 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.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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When running Blackrock New's price analysis, check to measure Blackrock New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackrock New is operating at the current time. Most of Blackrock New's value examination focuses on studying past and present price action to predict the probability of Blackrock New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackrock New's price. Additionally, you may evaluate how the addition of Blackrock New to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Blackrock New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock New'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.