Blackrock California Municipal Fund Market Value
| MKCMX Fund | USD 11.45 0.03 0.26% |
| Symbol | Blackrock |
Blackrock California '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 California'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 California.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Blackrock California on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Blackrock California Municipal or generate 0.0% return on investment in Blackrock California over 90 days. Blackrock California is related to or competes with Blackrock Balanced, Mkeax, Blackrock Eurofund, Blackrock Funds, Blackrock Emerging, and Blackrock Equity. Under normal circumstances, the fund will invest at least 80 percent of its assets in California municipal bonds More
Blackrock California 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 California'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 California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.69) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3457 |
Blackrock California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blackrock California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blackrock California's standard deviation. In reality, there are many statistical measures that can use Blackrock California historical prices to predict the future Blackrock California's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.74) |
Blackrock California Backtested Returns
At this stage we consider Blackrock Mutual Fund to be very steady. Blackrock California secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the fund had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Blackrock California Municipal, which you can use to evaluate the volatility of the entity. Please confirm Blackrock California's risk adjusted performance of (0.07), and Mean Deviation of 0.1501 to double-check if the risk estimate we provide is consistent with the expected return of 2.0E-4%. The fund shows a Beta (market volatility) of 0.024, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Blackrock California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Blackrock California is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Blackrock California Municipal has insignificant predictability. Overlapping area represents the amount of predictability between Blackrock California time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. 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 California price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Blackrock California price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Blackrock California lagged returns against current returns
Autocorrelation, which is Blackrock California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Blackrock California returns to help us make a trade decision. For example, suppose you find that Blackrock California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blackrock California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Blackrock California Lagged Returns
When evaluating Blackrock California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blackrock California mutual fund have on its future price. Blackrock California 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 California autocorrelation shows the relationship between Blackrock California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Blackrock California Municipal.
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 California 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 California security.
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