BlackRock MuniYield Total Risk Alpha
| MQT Fund | | | USD 10.30 0.00 0.00% |
The Total Risk Alpha reading for BlackRock Muniyield Quality is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. BlackRock MuniYield has a market cap of 255.2 M, operating margin of 85.33%, ROE of -13.21%. See
Correlation Analysis for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
BlackRock Muniyield Quality has current Total Risk Alpha of 0.1181. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.1181 | |
| ER[a] | = | Expected return on investing in BlackRock MuniYield |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on BlackRock MuniYield |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
BlackRock Muniyield Quality maintains a
fifth standing in total risk alpha among fund peers. It is currently under evaluation in maximum drawdown among fund peers yielding
21.22 of Maximum Drawdown per Total Risk Alpha. For BlackRock Muniyield Quality, Maximum Drawdown stands at
21.22 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Other Technical Indicators