Blackrock High Correlations

BMEAX Fund

USD 24.22 0.12 0.49%

The current 90-days correlation between Blackrock High Equity and Artisan High Income 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

Very poor diversification

The correlation between Blackrock High Equity and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock High Equity 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 Equity. 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

0.71	MKCPX	Blackrock Balanced	Pair Corr
0.76	MKDVX	Blackrock Equity Dividend Downward Rally	Pair Corr
0.71	MKGCX	Blackrock Advantage	Pair Corr
0.76	BRAPX	Blackrock Aggressive	Pair Corr
0.76	MKLOX	Blackrock Global All	Pair Corr
0.67	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.66	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.67	BRGKX	Blckrck Fds Iii	Pair Corr
0.62	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.79	BRIAX	Blackrock Retirement	Pair Corr
0.65	BRHYX	Blackrock Hi Yld	Pair Corr
0.8	MKSCX	Blackrock Funds	Pair Corr
0.67	MKSPX	Blackrock Advantage Total	Pair Corr
0.67	BRIDX	Blackrock Retirement	Pair Corr
0.69	BRIEX	Blackrock Retirement	Pair Corr
0.69	BRICX	Blackrock Retirement	Pair Corr
0.68	BRMIX	Blackrock Midcap Index	Pair Corr
0.68	BRMAX	Blackrock Midcap Index	Pair Corr
0.68	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against Blackrock Mutual Fund

0.31

MKWIX

Blackrock Strategic

Pair Corr

Related Correlations Analysis

	ARTFX	JHYAX	BHYRX	BUFHX	GMOZX	IMYCX	PXHAX	SGYAX
ARTFX		0.91	0.82	0.89	0.76	0.9	0.68	0.92	ARTFX
JHYAX	0.91		0.89	0.8	0.84	0.97	0.87	0.83	JHYAX
BHYRX	0.82	0.89		0.79	0.92	0.87	0.86	0.82	BHYRX
BUFHX	0.89	0.8	0.79		0.77	0.74	0.59	0.92	BUFHX
GMOZX	0.76	0.84	0.92	0.77		0.81	0.84	0.78	GMOZX
IMYCX	0.9	0.97	0.87	0.74	0.81		0.88	0.82	IMYCX
PXHAX	0.68	0.87	0.86	0.59	0.84	0.88		0.68	PXHAX
SGYAX	0.92	0.83	0.82	0.92	0.78	0.82	0.68		SGYAX
	ARTFX	JHYAX	BHYRX	BUFHX	GMOZX	IMYCX	PXHAX	SGYAX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.10	0.03	(0.60)	1.87	(0.17)	0.22	(0.11)	0.77
JHYAX	0.13	0.01	(0.41)	0.36	(0.19)	0.27	(0.27)	0.95
BHYRX	0.11	0.00	(0.56)	0.20	(0.20)	0.28	(0.14)	0.84
BUFHX	0.09	0.02	(0.49)	9.16	(0.13)	0.19	(0.09)	0.83
GMOZX	0.13	0.01	(0.49)	0.16	(0.16)	0.28	(0.33)	0.72
IMYCX	0.11	0.02	(0.49)	(1.62)	(0.18)	0.29	(0.29)	0.86
PXHAX	0.10	0.00	(0.57)	0.28	(0.20)	0.17	(0.16)	0.82
SGYAX	0.13	0.03	(0.47)	(16.43)	(0.24)	0.29	(0.14)	0.99

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