Blackrock Gbl Correlations

BDMIX Fund

USD 14.02 0.05 0.36%

The current 90-days correlation between Blackrock Gbl Lng and Blackrock Health Sciences is 0.17 (i.e., Average diversification). The correlation of Blackrock Gbl 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 Gbl Correlation With Market

Modest diversification

The correlation between Blackrock Gbl Lng and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gbl Lng 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 Gbl Lng. 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 gross domestic product.

Moving together with Blackrock Mutual Fund

0.68

BRBCX

Blackrock Tactical

Pair Corr

Moving against Blackrock Mutual Fund

0.45	BRAPX	Blackrock Aggressive	Pair Corr
0.44	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.38	MKFOX	Blackrock Large Cap	Pair Corr
0.36	MKECX	Blackrock Funds	Pair Corr
0.5	BAGPX	Blackrock Gwth Ptf	Pair Corr
0.45	BAAPX	Blackrock Aggressive	Pair Corr

Related Correlations Analysis

	BHSRX	VGHCX	XHQHX	HIAHX	SWHFX	GTHCX	SCHLX
BHSRX		0.27	0.68	0.89	0.76	0.85	0.99	BHSRX
VGHCX	0.27		0.39	0.39	0.46	0.47	0.29	VGHCX
XHQHX	0.68	0.39		0.88	0.31	0.74	0.6	XHQHX
HIAHX	0.89	0.39	0.88		0.55	0.87	0.85	HIAHX
SWHFX	0.76	0.46	0.31	0.55		0.72	0.8	SWHFX
GTHCX	0.85	0.47	0.74	0.87	0.72		0.82	GTHCX
SCHLX	0.99	0.29	0.6	0.85	0.8	0.82		SCHLX
	BHSRX	VGHCX	XHQHX	HIAHX	SWHFX	GTHCX	SCHLX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Gbl 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 Gbl'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
BHSRX	0.63	0.06	0.12	0.04	0.72	(0.70)	1.32	(0.96)	3.74
VGHCX	0.77	(0.10)	0.00	(0.26)	0.00	0.00	1.49	(1.50)	8.17
XHQHX	0.87	0.01	0.00	(0.06)	0.00	0.00	1.68	(1.75)	5.93
HIAHX	0.68	0.03	0.00	(0.03)	0.00	0.00	1.39	(1.22)	4.43
SWHFX	0.72	0.00	0.00	(0.07)	0.00	0.00	1.29	(1.22)	7.88
GTHCX	0.82	(0.08)	0.00	(0.18)	0.00	0.00	1.26	(1.69)	9.65
SCHLX	0.64	0.06	0.12	0.05	0.70	(0.72)	1.25	(1.17)	3.70

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