BlackRock MIT Correlations

BLE Stock

USD 10.82 0.07 0.65%

The current 90-days correlation between BlackRock MIT II and Blackrock Munivest is 0.78 (i.e., Poor diversification). The correlation of BlackRock MIT 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.

BlackRock MIT Correlation With Market

Modest diversification

The correlation between BlackRock MIT II and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock MIT II 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 MIT II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with BlackRock Stock

0.64	BEN	Franklin Resources	Pair Corr
0.62	JHG	Janus Henderson Group	Pair Corr
0.72	NMFC	New Mountain Finance	Pair Corr
0.71	NTRS	Northern Trust	Pair Corr
0.75	ALLY	Ally Financial	Pair Corr
0.69	APAM	Artisan Partners Asset	Pair Corr
0.74	BBUC	Brookfield Business Corp	Pair Corr
0.61	TCPC	BlackRock TCP Capital	Pair Corr
0.73	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.62	BY	Byline Bancorp	Pair Corr

Moving against BlackRock Stock

0.4

LendingClub Corp

Pair Corr

Related Correlations Analysis

	MVT	VKQ	BYM	EIM	DTF	KTF	MQY	MUI	MUE	MYD
MVT		0.95	0.95	0.52	0.64	0.89	0.8	-0.03	0.89	0.92	MVT
VKQ	0.95		0.88	0.44	0.75	0.8	0.7	-0.11	0.8	0.81	VKQ
BYM	0.95	0.88		0.59	0.57	0.89	0.88	0.14	0.94	0.95	BYM
EIM	0.52	0.44	0.59		-0.01	0.73	0.82	0.63	0.69	0.69	EIM
DTF	0.64	0.75	0.57	-0.01		0.44	0.32	-0.34	0.5	0.44	DTF
KTF	0.89	0.8	0.89	0.73	0.44		0.92	0.28	0.93	0.94	KTF
MQY	0.8	0.7	0.88	0.82	0.32	0.92		0.51	0.95	0.94	MQY
MUI	-0.03	-0.11	0.14	0.63	-0.34	0.28	0.51		0.29	0.25	MUI
MUE	0.89	0.8	0.94	0.69	0.5	0.93	0.95	0.29		0.96	MUE
MYD	0.92	0.81	0.95	0.69	0.44	0.94	0.94	0.25	0.96		MYD
	MVT	VKQ	BYM	EIM	DTF	KTF	MQY	MUI	MUE	MYD

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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

MYD	+ 0.96	MUE
VKQ	+ 0.95	MVT
BYM	+ 0.95	MVT
MYD	+ 0.95	BYM
MUE	+ 0.95	MQY
MUE	+ 0.94	BYM

High negative correlations

MUI	- 0.34	DTF
MUI	- 0.11	VKQ
MUI	- 0.03	MVT
DTF	- 0.01	EIM

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock MIT Company 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 MIT'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
MVT	0.53	0.03	0.07	0.06	0.62	(0.61)	1.19	(1.21)	3.12
VKQ	0.52	0.06	0.11	0.19	0.55	(0.62)	1.10	(1.09)	3.29
BYM	0.49	0.01	0.04	0.02	0.58	(0.63)	1.08	(1.15)	2.69
EIM	0.46	0.00	0.03	(0.02)	0.58	(0.47)	0.69	(1.03)	2.68
DTF	0.32	0.02	0.08	(0.61)	0.45	(0.32)	0.72	(0.62)	2.06
KTF	0.34	0.00	0.03	(0.05)	0.49	(0.38)	0.75	(0.94)	2.23
MQY	0.53	0.00	0.02	(0.03)	0.73	(0.57)	1.18	(1.17)	3.71
MUI	0.46	(0.03)	0.00	0.82	0.00	0.00	0.73	(1.40)	3.95
MUE	0.55	0.00	0.02	(0.01)	0.78	(0.53)	1.21	(1.23)	3.29
MYD	0.51	(0.01)	0.00	(0.08)	0.00	0.00	0.97	(1.07)	3.34

BlackRock MIT Corporate Management

Henry Gabbay	Independent Trustee	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer	Profile
Frank Fabozzi	Independent Trustee	Profile
J Holloman	Independent Trustee	Profile

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