Blackrock Aggressive Correlations

BAAPX Fund

USD 17.10 0.17 1.00%

The correlation of Blackrock Aggressive 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Blackrock Aggressive Correlation With Market

Modest diversification

The correlation between Blackrock Aggressive Gwthprprd and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Aggressive Gwthprprd and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Aggressive Gwthprprdptfinvstra. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Blackrock Mutual Fund

0.91	MKCPX	Blackrock Balanced	Pair Corr
0.88	MKECX	Blackrock Funds	Pair Corr
0.65	MKDCX	Blackrock Emerging	Pair Corr
0.68	MKDVX	Blackrock Equity Dividend	Pair Corr
0.74	MKGCX	Blackrock Advantage	Pair Corr
1.0	BRAPX	Blackrock Aggressive	Pair Corr
0.72	BRAMX	Bats Series M	Pair Corr
0.62	MKMTX	Blackrock Strategic	Pair Corr
0.73	BRACX	Bats Series C	Pair Corr
0.71	MKNKX	Blackrock New York	Pair Corr
0.71	MKNJX	Blackrock New Jersey	Pair Corr
0.86	MKLOX	Blackrock Global All	Pair Corr
0.65	BREAX	Blackrock International	Pair Corr
0.75	MKPYX	Blackrock Pennsylvania	Pair Corr
1.0	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.79	MKSCX	Blackrock Funds	Pair Corr
0.69	MKSPX	Blackrock Advantage Total	Pair Corr
0.79	BRMIX	Blackrock Midcap Index	Pair Corr
0.79	BRMAX	Blackrock Midcap Index	Pair Corr
0.78	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against Blackrock Mutual Fund

0.33	MKEFX	Blackrock Eurofund Class Steady Growth	Pair Corr
0.51	BRASX	Bats Series S	Pair Corr
0.46	BABSX	Blackrock Funds	Pair Corr

Related Correlations Analysis

	STPXX	HEWXX	SMAAX	JHMXX	SPAXX
STPXX		0.0	0.0	0.0	0.0	STPXX
HEWXX	0.0		0.0	0.0	0.0	HEWXX
SMAAX	0.0	0.0		0.0	0.04	SMAAX
JHMXX	0.0	0.0	0.0		0.0	JHMXX
SPAXX	0.0	0.0	0.04	0.0		SPAXX
	STPXX	HEWXX	SMAAX	JHMXX	SPAXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPAXX	+ 0.04	SMAAX
HEWXX	+ 0.0	STPXX
SMAAX	+ 0.0	STPXX
JHMXX	+ 0.0	STPXX
SPAXX	+ 0.0	STPXX
SMAAX	+ 0.0	HEWXX

High negative correlations

SPAXX	- 0.0	JHMXX
JHMXX	- 0.0	SMAAX
SPAXX	- 0.0	HEWXX
JHMXX	- 0.0	HEWXX
SMAAX	- 0.0	HEWXX
SPAXX	- 0.0	STPXX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Aggressive Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Blackrock Aggressive's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.13	0.00	(0.02)	(0.16)	0.19	(0.16)	0.30	(0.30)	1.09
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPAXX	0.03	0.01	0.00	(0.95)	0.00	0.00	0.00	0.00	1.01

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