Blackrock Gwth Correlations
| BAGPX Fund | USD 14.76 0.02 0.14% |
The current 90-days correlation between Blackrock Gwth Ptf and Towpath Technology is 0.39 (i.e., Weak diversification). The correlation of Blackrock Gwth 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 Gwth Correlation With Market
Weak diversification
The correlation between Blackrock Gwth Ptf and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gwth Ptf and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Mutual Fund
| 0.72 | MKCPX | Blackrock Balanced | PairCorr |
| 0.94 | BRAPX | Blackrock Aggressive | PairCorr |
| 0.69 | MKLOX | Blackrock Global All | PairCorr |
Moving against Blackrock Mutual Fund
| 0.34 | BACAX | Blackrock All Cap | PairCorr |
| 0.33 | BACCX | Blackrock All Cap | PairCorr |
| 0.58 | BATVX | Blackrock Allocation | PairCorr |
| 0.43 | BAIPX | Blackrock Short Term | PairCorr |
| 0.34 | BACIX | Blackrock All Cap | PairCorr |
Related Correlations Analysis
| 0.84 | 0.86 | 0.88 | 0.94 | TOWTX | ||
| 0.84 | 1.0 | 0.99 | 0.91 | CMTFX | ||
| 0.86 | 1.0 | 1.0 | 0.93 | BGSCX | ||
| 0.88 | 0.99 | 1.0 | 0.94 | JAGTX | ||
| 0.94 | 0.91 | 0.93 | 0.94 | WFSTX | ||
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Risk-Adjusted Indicators
There is a big difference between Blackrock Mutual Fund performing well and Blackrock Gwth 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 Gwth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOWTX | 0.69 | (0.05) | 0.00 | (0.13) | 0.00 | 1.31 | 4.10 | |||
| CMTFX | 1.32 | (0.11) | 0.00 | (0.17) | 0.00 | 1.94 | 7.85 | |||
| BGSCX | 1.48 | (0.10) | 0.00 | (0.16) | 0.00 | 2.37 | 9.08 | |||
| JAGTX | 1.18 | (0.07) | 0.00 | (0.14) | 0.00 | 2.00 | 6.40 | |||
| WFSTX | 0.90 | (0.07) | 0.00 | (0.14) | 0.00 | 1.71 | 4.93 |