Blackrock Taxable Municipal Fund Market Value

BBN Fund  USD 15.58  0.06  0.38%   
Blackrock Taxable's market value is the price at which a share of Blackrock Taxable trades on a public exchange. It measures the collective expectations of Blackrock Taxable Municipal investors about its performance. Blackrock Taxable is selling at 15.58 as of the 20th of April 2024; that is -0.38 percent decrease since the beginning of the trading day. The fund's open price was 15.64.
With this module, you can estimate the performance of a buy and hold strategy of Blackrock Taxable Municipal and determine expected loss or profit from investing in Blackrock Taxable over a given investment horizon. Check out Blackrock Taxable Correlation, Blackrock Taxable Volatility and Blackrock Taxable Alpha and Beta module to complement your research on Blackrock Taxable.
Symbol

Please note, there is a significant difference between Blackrock Taxable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackrock Taxable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackrock Taxable'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.

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.
0.00
03/21/2024
No Change 0.00  0.0 
In 31 days
04/20/2024
0.00
If you would invest  0.00  in Blackrock Taxable on March 21, 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 Allspring Multi, BNY Mellon, Pioneer High, First TrustAberdeen, Munivest Fund, MFS High, and Franklin Templeton. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
14.8615.5816.30
Details
Intrinsic
Valuation
LowRealHigh
14.4515.1715.89
Details
Naive
Forecast
LowNextHigh
14.9815.7116.43
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.4716.1216.78
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Blackrock Taxable. Your research has to be compared to or analyzed against Blackrock Taxable's peers to derive any actionable benefits. When done correctly, Blackrock Taxable'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 Taxable.

Blackrock Taxable Backtested Returns

Blackrock Taxable secures Sharpe Ratio (or Efficiency) of -0.0983, which signifies that the fund had a -0.0983% return per unit of standard deviation over the last 3 months. Blackrock Taxable Municipal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Blackrock Taxable's mean deviation of 0.5338, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0104, which signifies not very significant fluctuations relative to the market. 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

    
  0.70  

Good predictability

Blackrock Taxable Municipal has good predictability. Overlapping area represents the amount of predictability between Blackrock Taxable time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 0.7 indicates that around 70.0% of current Blackrock Taxable price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.75
Residual Average0.0
Price Variance0.03

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Blackrock Taxable in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Blackrock Taxable's short interest history, or implied volatility extrapolated from Blackrock Taxable options trading.

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 together with Blackrock Fund

  0.71AWRRF Aw Revenue RoyaltiesPairCorr
  0.77HGLB Highland Global AlloPairCorr

Moving against Blackrock Fund

  0.55RMLPX Recurrent Mlp InfrasPairCorr
  0.53FEN First Trust EnergyPairCorr
  0.51FPL First Trust NewPairCorr
  0.51FIF First Trust EnergyPairCorr
  0.46NKX Nuveen California AmtPairCorr
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.
Pair CorrelationCorrelation Matching
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.
A focus of Blackrock Taxable technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Blackrock Taxable trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...