Blackrock Taxable Municipal Fund Market Value
| BBN Fund | USD 15.64 0.14 0.90% |
| Symbol | Blackrock |
Blackrock Taxable 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Blackrock Taxable's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Blackrock Taxable.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Blackrock Taxable on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Blackrock Taxable Municipal or generate 0.0% return on investment in Blackrock Taxable over 30 days. Blackrock Taxable is related to or competes with Royce Value, and Tekla Healthcare. BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc More
Blackrock Taxable Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Blackrock Taxable's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Blackrock Taxable Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.9 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 0.9032 |
Blackrock Taxable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock Taxable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock Taxable's standard deviation. In reality, there are many statistical measures that can use Blackrock Taxable historical prices to predict the future Blackrock Taxable's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Blackrock Taxable'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.
Blackrock Taxable Backtested Returns
Blackrock Taxable secures Sharpe Ratio (or Efficiency) of -0.0845, which signifies that the fund had a -0.0845% return per unit of standard deviation over the last 3 months. Blackrock Taxable Municipal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Taxable's risk adjusted performance of (0.04), and Mean Deviation of 0.5356 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Blackrock Taxable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock Taxable is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Blackrock Taxable Municipal has modest predictability. Overlapping area represents the amount of predictability between Blackrock Taxable time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Blackrock Taxable price movement. The serial correlation of 0.52 indicates that about 52.0% of current Blackrock Taxable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Blackrock Taxable lagged returns against current returns
Autocorrelation, which is Blackrock Taxable fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Blackrock Taxable's fund expected returns. We can calculate the autocorrelation of Blackrock Taxable returns to help us make a trade decision. For example, suppose you find that Blackrock Taxable has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Blackrock Taxable regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Blackrock Taxable fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock Taxable fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock Taxable fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock Taxable Lagged Returns
When evaluating Blackrock Taxable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock Taxable fund have on its future price. Blackrock Taxable autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Blackrock Taxable autocorrelation shows the relationship between Blackrock Taxable fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock Taxable Municipal.
Regressed Prices |
| Timeline |
Pair Trading with Blackrock Taxable
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 Taxable 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 Taxable will appreciate offsetting losses from the drop in the long position's value.Moving against Blackrock Fund
| 0.7 | KGLAX | Kinetics Global | PairCorr |
| 0.53 | NDP | Tortoise Energy Inde | PairCorr |
| 0.48 | CRF | Cornerstone Strategic | PairCorr |
| 0.47 | EMO | Clearbridge Energy Mlp | PairCorr |
| 0.47 | EIFAX | Eaton Vance Floating | PairCorr |
The ability to find closely correlated positions to Blackrock Taxable 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 Taxable 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 Taxable - 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 Taxable Municipal to buy it.
The correlation of Blackrock Taxable 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 Taxable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Taxable 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 Taxable 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.Check out Blackrock Taxable Correlation, Blackrock Taxable Volatility and Blackrock Taxable Alpha and Beta module to complement your research on Blackrock Taxable. Note that the Blackrock Taxable information on this page should be used as a complementary analysis to other Blackrock Taxable'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Blackrock Taxable 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.