Blackrock Acwi Correlations

BDOKX Fund

USD 10.75 0.02 0.19%

The current 90-days correlation between Blackrock Acwi Exus and American Mutual Fund is 0.53 (i.e., Very weak diversification). The correlation of Blackrock Acwi 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 Acwi Correlation With Market

Good diversification

The correlation between Blackrock Acwi Exus and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Acwi Exus 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 Acwi Exus. 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 industry.

Moving together with Blackrock Mutual Fund

0.78	BRIEX	Blackrock Retirement	Pair Corr
0.95	BRZIX	Blackrock Advantage Esg	Pair Corr
0.88	BALPX	Blckrk Lc Cr	Pair Corr
0.86	BAMBX	Blackrock Alternative	Pair Corr
0.91	BASIX	Blackrock Strategic Opps	Pair Corr
0.67	BSPSX	Blackrock Sp 500	Pair Corr
0.78	LIKKX	Blackrock Lifepath Idx	Pair Corr
0.8	LIJKX	Blackrock Lifepath Idx	Pair Corr
0.84	BCICX	Blackrock Incm Ptf	Pair Corr
0.85	BCLPX	Blckrk Lc Cr	Pair Corr
0.75	BCSAX	Blackrock Commodity	Pair Corr
0.86	BDHAX	Blackrock High Income	Pair Corr
0.78	BDMKX	Blackrock Global Lon	Pair Corr
1.0	BDOAX	Blackrock Acwi Exus	Pair Corr
0.68	MPHQX	Blackrock Bd Fd	Pair Corr
0.77	BGCIX	Blackrock Global Lon	Pair Corr

Related Correlations Analysis

	AMFFX	FCLKX	TACLX	CMIFX	ENGRX	DNLVX	OLGCX
AMFFX		0.64	0.92	0.02	-0.43	0.84	0.41	AMFFX
FCLKX	0.64		0.64	0.23	0.11	0.55	0.76	FCLKX
TACLX	0.92	0.64		0.05	-0.31	0.83	0.29	TACLX
CMIFX	0.02	0.23	0.05		0.64	-0.37	-0.05	CMIFX
ENGRX	-0.43	0.11	-0.31	0.64		-0.6	-0.03	ENGRX
DNLVX	0.84	0.55	0.83	-0.37	-0.6		0.46	DNLVX
OLGCX	0.41	0.76	0.29	-0.05	-0.03	0.46		OLGCX
	AMFFX	FCLKX	TACLX	CMIFX	ENGRX	DNLVX	OLGCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TACLX	+ 0.92	AMFFX
DNLVX	+ 0.84	AMFFX
DNLVX	+ 0.83	TACLX
OLGCX	+ 0.76	FCLKX
FCLKX	+ 0.64	AMFFX
TACLX	+ 0.64	FCLKX

High negative correlations

DNLVX	- 0.6	ENGRX
ENGRX	- 0.43	AMFFX
DNLVX	- 0.37	CMIFX
ENGRX	- 0.31	TACLX
OLGCX	- 0.05	CMIFX
OLGCX	- 0.03	ENGRX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Acwi 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 Acwi'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
AMFFX	0.51	(0.05)	0.00	0.28	0.00	0.00	1.01	(1.07)	5.30
FCLKX	0.64	(0.01)	0.00	(0.08)	0.00	0.00	1.16	(1.89)	4.31
TACLX	0.56	(0.01)	0.00	(0.08)	0.00	0.00	1.10	(1.14)	3.38
CMIFX	0.07	0.01	0.47	(0.65)	0.00	(0.12)	0.10	(0.10)	0.42
ENGRX	0.81	0.09	0.06	0.46	1.50	(1.12)	4.31	(3.65)	10.33
DNLVX	0.57	(0.07)	0.00	(0.16)	0.00	0.00	1.16	(1.35)	5.97
OLGCX	0.87	(0.02)	0.00	(0.10)	0.00	0.00	1.64	(2.06)	5.32

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC