Blackrock Credit Correlations

BMSKX Fund

USD 9.01 0.01 0.11%

The current 90-days correlation between Blackrock Credit Str and Siit Emerging Markets is 0.41 (i.e., Very weak diversification). The correlation of Blackrock Credit 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 Credit Correlation With Market

Average diversification

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

0.67	MKCMX	Blackrock California	Pair Corr
0.78	MKEFX	Blackrock Eurofund Class	Pair Corr
0.88	MKILX	Blackrock International	Pair Corr
0.64	BRAMX	Bats Series M	Pair Corr
0.62	BRACX	Bats Series C	Pair Corr
0.72	BRBCX	Blackrock Tactical	Pair Corr
0.89	BRASX	Bats Series S	Pair Corr
0.78	BRCPX	Blackrock Conservative	Pair Corr
0.7	BRIAX	Blackrock Retirement	Pair Corr
0.94	BRHYX	Blackrock Hi Yld	Pair Corr
0.72	BRIDX	Blackrock Retirement	Pair Corr
0.73	BRIEX	Blackrock Retirement	Pair Corr
0.7	BRICX	Blackrock Retirement	Pair Corr
0.82	MKWIX	Blackrock Strategic	Pair Corr
0.76	BRMPX	Blackrock Moderate	Pair Corr
0.88	BROKX	Blackrock Advantage	Pair Corr
0.88	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.71	MKYHX	Blackrock High Yield	Pair Corr

Related Correlations Analysis

	SEDAX	JFAMX	BXECX	ANGCX	PWEAX	DODEX	GAGPX
SEDAX		0.88	0.94	0.83	0.83	0.89	0.79	SEDAX
JFAMX	0.88		0.81	0.71	0.88	0.92	0.84	JFAMX
BXECX	0.94	0.81		0.78	0.75	0.83	0.75	BXECX
ANGCX	0.83	0.71	0.78		0.62	0.71	0.69	ANGCX
PWEAX	0.83	0.88	0.75	0.62		0.97	0.9	PWEAX
DODEX	0.89	0.92	0.83	0.71	0.97		0.91	DODEX
GAGPX	0.79	0.84	0.75	0.69	0.9	0.91		GAGPX
	SEDAX	JFAMX	BXECX	ANGCX	PWEAX	DODEX	GAGPX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Credit 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 Credit'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
SEDAX	0.25	0.04	0.14	0.58	0.15	(0.32)	0.60	(0.36)	1.56
JFAMX	0.71	0.06	0.06	0.16	0.94	(0.70)	1.51	(1.42)	4.22
BXECX	0.21	0.03	0.12	(0.68)	0.06	(0.30)	0.54	(0.40)	1.35
ANGCX	0.13	0.02	0.12	1.52	0.00	(0.21)	0.35	(0.24)	0.94
PWEAX	0.52	0.04	0.06	0.18	0.61	(0.60)	1.12	(1.29)	2.87
DODEX	0.54	0.06	0.09	0.26	0.59	(0.65)	1.08	(1.23)	3.07
GAGPX	0.53	0.05	0.06	3.76	0.73	(0.53)	1.23	(1.43)	3.42

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Blackrock Credit Correlations

Blackrock Credit Correlation With Market

Average diversification

Moving together with Blackrock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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