Munivest Fund Market Value
| MVF Fund | USD 7.60 0.01 0.13% |
| Symbol | Munivest |
Munivest Fund '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 Munivest Fund'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 Munivest Fund.
| 06/22/2024 |
| 09/20/2024 |
If you would invest 0.00 in Munivest Fund on June 22, 2024 and sell it all today you would earn a total of 0.00 from holding Munivest Fund or generate 0.0% return on investment in Munivest Fund over 90 days. Munivest Fund is related to or competes with Cohen, Reaves Utility, BlackRock Science, Pimco Corporate, Tekla Healthcare, PIMCO Access, and Doubleline Yield. BlackRock MuniVest Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc More
Munivest Fund 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 Munivest Fund'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 Munivest Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5555 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.19 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8511 |
Munivest Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Munivest Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Munivest Fund's standard deviation. In reality, there are many statistical measures that can use Munivest Fund historical prices to predict the future Munivest Fund's volatility.| Risk Adjusted Performance | 0.174 | |||
| Jensen Alpha | 0.0919 | |||
| Total Risk Alpha | 0.0314 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.907 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Munivest Fund'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.
Munivest Fund Backtested Returns
At this point, Munivest Fund is very steady. Munivest Fund has Sharpe Ratio of 0.21, which conveys that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Munivest Fund, which you can use to evaluate the volatility of the fund. Please verify Munivest Fund's Mean Deviation of 0.4111, downside deviation of 0.5555, and Risk Adjusted Performance of 0.174 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Munivest Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding Munivest Fund is expected to be smaller as well.
Auto-correlation | 0.81 |
Very good predictability
Munivest Fund has very good predictability. Overlapping area represents the amount of predictability between Munivest Fund time series from 22nd of June 2024 to 6th of August 2024 and 6th of August 2024 to 20th of September 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 Munivest Fund price movement. The serial correlation of 0.81 indicates that around 81.0% of current Munivest Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Munivest Fund lagged returns against current returns
Autocorrelation, which is Munivest Fund 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 Munivest Fund's fund expected returns. We can calculate the autocorrelation of Munivest Fund returns to help us make a trade decision. For example, suppose you find that Munivest Fund 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 |
Munivest Fund 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 Munivest Fund fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Munivest Fund fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Munivest Fund fund over time.
Current vs Lagged Prices |
| Timeline |
Munivest Fund Lagged Returns
When evaluating Munivest Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Munivest Fund fund have on its future price. Munivest Fund 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, Munivest Fund autocorrelation shows the relationship between Munivest Fund fund current value and its past values and can show if there is a momentum factor associated with investing in Munivest Fund.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Munivest Fund
Munivest Fund financial ratios help investors to determine whether Munivest 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 Munivest with respect to the benefits of owning Munivest Fund security.
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