Blackrock New York Fund Market Value
| MKNKX Fund | USD 10.76 0.01 0.09% |
| Symbol | Blackrock |
Blackrock New '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 New's mutual 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 New.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Blackrock New on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Blackrock New York or generate 0.0% return on investment in Blackrock New over 720 days. Blackrock New is related to or competes with Principal Lifetime, Aqr Large, Goldman Sachs, Qs Us, T Rowe, and Tax-managed. Under normal circumstances, the fund will invest at least 80 percent of its assets in investment grade New York municipa... More
Blackrock New 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 New's mutual 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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4057 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.4762 |
Blackrock New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock New's standard deviation. In reality, there are many statistical measures that can use Blackrock New historical prices to predict the future Blackrock New's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.02) |
Blackrock New York Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock New York secures Sharpe Ratio (or Efficiency) of 0.0366, which signifies that the fund had a 0.0366% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Blackrock New York, which you can use to evaluate the volatility of the entity. Please confirm Blackrock New's mean deviation of 0.1819, and Risk Adjusted Performance of 0.0146 to double-check if the risk estimate we provide is consistent with the expected return of 0.0106%. The fund shows a Beta (market volatility) of -0.094, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Blackrock New are expected to decrease at a much lower rate. During the bear market, Blackrock New is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
Blackrock New York has weak reverse predictability. Overlapping area represents the amount of predictability between Blackrock New time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 New York price movement. The serial correlation of -0.25 indicates that over 25.0% of current Blackrock New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Blackrock New York lagged returns against current returns
Autocorrelation, which is Blackrock New mutual 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 New's mutual fund expected returns. We can calculate the autocorrelation of Blackrock New returns to help us make a trade decision. For example, suppose you find that Blackrock New has exhibited high autocorrelation historically, and you observe that the mutual 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blackrock New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock New Lagged Returns
When evaluating Blackrock New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock New mutual fund have on its future price. Blackrock New 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 New autocorrelation shows the relationship between Blackrock New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock New York.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Blackrock Mutual Fund
Blackrock New financial ratios help investors to determine whether Blackrock Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock New security.
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