Blackrock Secured Correlations

BMSIX Fund

USD 8.93 0.02 0.22%

The current 90-days correlation between Blackrock Secured Credit and Catalystsmh High Income is 0.23 (i.e., Modest diversification). The correlation of Blackrock Secured 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 Secured Correlation With Market

Significant diversification

The correlation between Blackrock Secured Credit and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Secured Credit 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 Secured Credit. 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

0.83	MKCMX	Blackrock California	Pair Corr
0.63	MKCPX	Blackrock Balanced	Pair Corr
0.81	MKILX	Blackrock International	Pair Corr
0.89	BRAMX	Bats Series M	Pair Corr
0.81	MKMTX	Blackrock Strategic	Pair Corr
0.89	BRACX	Bats Series C	Pair Corr
0.86	MKNKX	Blackrock New York	Pair Corr
0.81	MKNJX	Blackrock New Jersey	Pair Corr
0.65	MKLOX	Blackrock Global All	Pair Corr
0.78	BRASX	Bats Series S	Pair Corr
0.71	BRCPX	Blackrock Conservative	Pair Corr
0.8	MKPYX	Blackrock Pennsylvania	Pair Corr
0.75	BRIAX	Blackrock Retirement	Pair Corr
0.62	BRHYX	Blackrock Hi Yld	Pair Corr
0.75	BRICX	Blackrock Retirement	Pair Corr
0.83	MKWIX	Blackrock Strategic	Pair Corr
0.67	BRMPX	Blackrock Moderate	Pair Corr
0.75	BROKX	Blackrock Advantage	Pair Corr
0.73	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.82	MKYHX	Blackrock High Yield	Pair Corr

Moving against Blackrock Mutual Fund

0.31

BRBCX

Blackrock Tactical

Pair Corr

Related Correlations Analysis

	HIICX	ARTFX	LBETX	ABRUX	NEAIX	SGYAX
HIICX		0.7	0.87	0.76	0.67	0.69	HIICX
ARTFX	0.7		0.77	0.74	0.82	0.96	ARTFX
LBETX	0.87	0.77		0.73	0.83	0.77	LBETX
ABRUX	0.76	0.74	0.73		0.69	0.77	ABRUX
NEAIX	0.67	0.82	0.83	0.69		0.77	NEAIX
SGYAX	0.69	0.96	0.77	0.77	0.77		SGYAX
	HIICX	ARTFX	LBETX	ABRUX	NEAIX	SGYAX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Secured 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 Secured'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
HIICX	0.18	(0.01)	(0.06)	(0.88)	0.22	(0.31)	0.27	(0.27)	1.34
ARTFX	0.09	0.00	(0.11)	(0.47)	0.08	(0.16)	0.22	(0.22)	1.09
LBETX	0.23	0.00	(0.04)	0.10	0.31	(0.25)	0.44	(0.52)	2.01
ABRUX	1.10	0.23	0.16	1.02	1.22	(1.25)	2.37	(1.93)	8.28
NEAIX	1.05	0.06	0.04	0.26	1.18	(1.16)	2.19	(1.59)	8.12
SGYAX	0.12	0.00	(0.08)	0.44	0.05	(0.20)	0.14	(0.28)	1.13

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