Blackrock Lifepath Correlations

Mutual Funds . USA . 
Fund . Blackrock Lifepath Esg
LEZKX Fund  USD 14.82  0.07  0.47%   
The current 90-days correlation between Blackrock Lifepath Esg and Small Cap Equity is 0.11 (i.e., Average diversification). The correlation of Blackrock Lifepath 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 Lifepath Correlation With Market

Significant diversification

The correlation between Blackrock Lifepath Esg 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 Lifepath Esg and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Lifepath Esg. 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

  0.99AANTX American Funds 2060PairCorr
  0.99CCKTX American Funds 2060PairCorr
  0.99FAWTX American Funds 2060PairCorr
  0.99TRLNX T Rowe PricePairCorr
  1.0FFLEX Fidelity Freedom IndexPairCorr
  0.99FDKLX Fidelity Freedom IndexPairCorr
  0.98FDKVX Fidelity Freedom 2060PairCorr
  0.99FVTKX Fidelity Freedom 2060PairCorr
  1.0FUIPX Fidelity Freedom IndexPairCorr
  0.84AMGIX Income GrowthPairCorr
  0.83LIGYX Loomis Sayles InternPairCorr
  0.62CVX Chevron Corp Sell-off TrendPairCorr
  0.69INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.72AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.7AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.7HD Home Depot Sell-off TrendPairCorr

Moving against Blackrock Mutual Fund

  0.54JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.45MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.39KO Coca Cola Sell-off TrendPairCorr
  0.36BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.32PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Lifepath 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 Lifepath'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.

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