Blackrock Technology Correlations

BTEKX Fund

USD 64.21 1.65 2.51%

The current 90-days correlation between Blackrock Technology and Limited Term Tax is 0.05 (i.e., Significant diversification). The correlation of Blackrock Technology 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 Technology Correlation With Market

Poor diversification

The correlation between Blackrock Technology Opportuni and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Technology Opportuni 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 Technology Opportunities. 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

0.76	VEEA	Veea Inc Symbol Change	Pair Corr
0.73	VISL	Vislink Technologies Earnings Call Tomorrow	Pair Corr
0.73	YAAS	Youxin Technology	Pair Corr
0.67	ZENA	ZenaTech	Pair Corr
0.63	ZSPC	zSpace, Common stock	Pair Corr
0.75	INGM	Ingram Micro Holding	Pair Corr
0.61	VSTEW	Vast Renewables	Pair Corr
0.72	MIND	Mind Technology	Pair Corr
0.92	HPE-PC	Hewlett Packard Ente	Pair Corr
0.76	VEEAW	Veea Inc Symbol Change	Pair Corr
0.77	NOVA	Sunnova Energy Inter	Pair Corr
0.64	NXXT	NextNRG Symbol Change	Pair Corr
0.84	CORZZ	Core Scientific, Tranche	Pair Corr
0.79	SLNHP	Soluna Holdings Preferred	Pair Corr

Moving against Blackrock Mutual Fund

0.68	EMKR	EMCORE	Pair Corr
0.33	HCP	Hashicorp	Pair Corr
0.76	MTTR	Matterport	Pair Corr
0.66	INFN	Infinera	Pair Corr
0.57	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.52	HPAIW	Helport AI Limited	Pair Corr
0.43	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.31	MIMI	Mint Incorporation	Pair Corr

Related Correlations Analysis

	LTXFX	MSTBX	ABNTX	GANPX	ANBIX
LTXFX		0.81	0.82	0.98	0.81	LTXFX
MSTBX	0.81		0.99	0.87	0.99	MSTBX
ABNTX	0.82	0.99		0.88	1.0	ABNTX
GANPX	0.98	0.87	0.88		0.88	GANPX
ANBIX	0.81	0.99	1.0	0.88		ANBIX
	LTXFX	MSTBX	ABNTX	GANPX	ANBIX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Technology 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 Technology'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
LTXFX	0.10	0.00	0.33	0.05	0.05	(0.14)	0.26	(0.20)	0.65
MSTBX	0.11	0.02	0.48	(6.59)	0.00	(0.16)	0.21	(0.21)	0.62
ABNTX	0.15	0.05	0.52	(6.72)	0.00	(0.21)	0.39	(0.20)	0.99
GANPX	0.06	0.00	0.45	0.03	0.00	(0.12)	0.10	(0.10)	0.48
ANBIX	0.15	0.05	0.52	14.01	0.00	(0.22)	0.39	(0.29)	0.98

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