Blackrock High Correlations

BHYAX Fund

USD 7.10 0.02 0.28%

The current 90-days correlation between Blackrock High Yield and Metropolitan West High is -0.06 (i.e., Good diversification). The correlation of Blackrock High 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 High Correlation With Market

Significant diversification

The correlation between Blackrock High Yield and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock High Yield 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 High Yield. 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 nation.

Moving together with Blackrock Mutual Fund

0.74	BRACX	Bats Series C	Pair Corr
0.83	MKNJX	Blackrock New Jersey	Pair Corr
0.78	BRIAX	Blackrock Retirement	Pair Corr
0.99	BRHYX	Blackrock Hi Yld	Pair Corr
0.69	BAIPX	Blackrock Short Term	Pair Corr
0.82	BALPX	Blckrk Lc Cr	Pair Corr
0.63	LIKPX	Blackrock Lifepath Index	Pair Corr
0.71	LIJKX	Blackrock Lifepath Idx	Pair Corr
0.65	LIJPX	Blackrock Lifepath Index	Pair Corr
0.73	LINAX	Blackrock Lifepath Idx	Pair Corr
0.81	BCLPX	Blckrk Lc Cr	Pair Corr
0.73	BCRKX	Blackrock Corealpha Bond	Pair Corr
0.71	BDHIX	Blackrock High Income	Pair Corr
0.67	BDHCX	Blackrock High Income	Pair Corr
0.7	BDHAX	Blackrock High Income	Pair Corr
0.76	BDMKX	Blackrock Global Lon	Pair Corr
0.62	BDVFX	Blackrock Diversified	Pair Corr
0.64	BGNIX	Blackrock Funds Gnma	Pair Corr
0.86	SHSAX	Blackrock Health Sciences	Pair Corr
0.7	MACPX	Blackrock Bal Cap	Pair Corr
0.77	MANJX	Blackrock Nj Muni	Pair Corr
0.76	MAPYX	Blackrock Pa Muni	Pair Corr
0.65	MAWIX	Blk Rk Sg	Pair Corr
0.75	MSPYX	Blackrock Pa Muni	Pair Corr
0.86	BHSRX	Blackrock Health Sciences	Pair Corr

Related Correlations Analysis

	MWHIX	GHVIX	AHYMX	AGDAX	ARCIX	PBHAX	ARTFX
MWHIX		0.95	0.94	0.84	0.56	0.93	0.96	MWHIX
GHVIX	0.95		0.88	0.85	0.61	0.94	0.96	GHVIX
AHYMX	0.94	0.88		0.84	0.44	0.85	0.88	AHYMX
AGDAX	0.84	0.85	0.84		0.61	0.81	0.83	AGDAX
ARCIX	0.56	0.61	0.44	0.61		0.52	0.62	ARCIX
PBHAX	0.93	0.94	0.85	0.81	0.52		0.94	PBHAX
ARTFX	0.96	0.96	0.88	0.83	0.62	0.94		ARTFX
	MWHIX	GHVIX	AHYMX	AGDAX	ARCIX	PBHAX	ARTFX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock High 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 High'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
MWHIX	0.12	0.00	0.20	(0.04)	0.06	(0.21)	0.54	(0.22)	0.87
GHVIX	0.16	0.00	0.18	(0.11)	0.16	(0.17)	0.30	(0.35)	1.01
AHYMX	0.12	0.00	0.15	0.13	0.13	(0.18)	0.22	(0.33)	0.76
AGDAX	0.14	0.01	0.22	0.15	0.00	(0.24)	0.44	(0.29)	1.01
ARCIX	0.51	0.13	0.20	45.86	0.49	(0.57)	1.21	(1.02)	4.94
PBHAX	0.16	0.02	0.20	0.20	0.00	(0.29)	0.41	(0.21)	1.26
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89

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Blackrock High Correlations

Blackrock High Correlation With Market

Significant diversification

Moving together with Blackrock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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