Blackrock Lifepath Correlations

LIPAX Fund

USD 23.80 0.21 0.89%

The current 90-days correlation between Blackrock Lifepath Idx and Managed Account Series is -0.11 (i.e., Good 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

Very weak diversification

The correlation between Blackrock Lifepath Idx and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Lifepath Idx 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 Idx. 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

0.67	MKCMX	Blackrock California	Pair Corr
0.8	MKCPX	Blackrock Balanced	Pair Corr
0.65	MKEFX	Blackrock Eurofund Class	Pair Corr
0.62	MKECX	Blackrock Funds	Pair Corr
0.76	MKDCX	Blackrock Emerging	Pair Corr
0.81	MKDVX	Blackrock Equity Dividend	Pair Corr
0.61	MKGCX	Blackrock Advantage	Pair Corr
0.88	MKILX	Blackrock International	Pair Corr
0.69	BRAMX	Bats Series M	Pair Corr
0.71	BRACX	Bats Series C	Pair Corr
0.66	MKNKX	Blackrock New York	Pair Corr
0.65	MKNJX	Blackrock New Jersey	Pair Corr
0.85	MKLOX	Blackrock Global All	Pair Corr
0.88	BRCPX	Blackrock Conservative	Pair Corr
0.66	MKPYX	Blackrock Pennsylvania	Pair Corr
0.93	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.93	BRGKX	Blckrck Fds Iii	Pair Corr
0.93	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.9	BRIAX	Blackrock Retirement	Pair Corr
0.78	BRHYX	Blackrock Hi Yld	Pair Corr
0.66	MKSPX	Blackrock Advantage Total	Pair Corr
0.89	BRIEX	Blackrock Retirement	Pair Corr
0.7	BRMIX	Blackrock Midcap Index	Pair Corr
0.7	BRMAX	Blackrock Midcap Index	Pair Corr
0.98	BRMPX	Blackrock Moderate	Pair Corr
0.7	BRMKX	Blackrock Midcap Index	Pair Corr
0.8	BROKX	Blackrock Advantage	Pair Corr
0.82	MKYHX	Blackrock High Yield	Pair Corr
0.81	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.8	BROAX	Blackrock Global Opp	Pair Corr
0.84	BABDX	Blackrock Gbl Dividend	Pair Corr

Related Correlations Analysis

	MSUMX	BHYSX	BHYIX	BHYCX	BHYAX	MKCMX	MKCPX	MKEFX	MKECX
MSUMX		0.91	0.9	0.89	0.9	0.87	0.64	0.6	0.28	MSUMX
BHYSX	0.91		1.0	0.99	1.0	0.77	0.63	0.74	0.31	BHYSX
BHYIX	0.9	1.0		0.99	0.99	0.75	0.61	0.75	0.29	BHYIX
BHYCX	0.89	0.99	0.99		0.99	0.77	0.63	0.71	0.32	BHYCX
BHYAX	0.9	1.0	0.99	0.99		0.76	0.62	0.74	0.3	BHYAX
MKCMX	0.87	0.77	0.75	0.77	0.76		0.81	0.25	0.6	MKCMX
MKCPX	0.64	0.63	0.61	0.63	0.62	0.81		0.2	0.83	MKCPX
MKEFX	0.6	0.74	0.75	0.71	0.74	0.25	0.2		-0.13	MKEFX
MKECX	0.28	0.31	0.29	0.32	0.3	0.6	0.83	-0.13		MKECX
	MSUMX	BHYSX	BHYIX	BHYCX	BHYAX	MKCMX	MKCPX	MKEFX	MKECX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BHYIX	+ 1.0	BHYSX
BHYAX	+ 1.0	BHYSX
BHYCX	+ 0.99	BHYSX
BHYCX	+ 0.99	BHYIX
BHYAX	+ 0.99	BHYIX
BHYAX	+ 0.99	BHYCX

High negative correlations

MKECX

- 0.13

MKEFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSUMX	0.15	0.01	0.11	0.13	0.13	(0.21)	0.34	(0.23)	0.91
BHYSX	0.15	0.00	0.07	(0.06)	0.17	(0.22)	0.29	(0.28)	0.85
BHYIX	0.14	0.00	0.07	(0.01)	0.17	(0.22)	0.28	(0.28)	1.00
BHYCX	0.14	0.00	0.07	(0.05)	0.17	(0.21)	0.28	(0.28)	0.99
BHYAX	0.14	0.00	0.07	(0.01)	0.17	(0.23)	0.28	(0.28)	0.99
MKCMX	0.13	(0.01)	0.00	(0.25)	0.00	0.00	0.33	(0.33)	0.92
MKCPX	0.41	(0.05)	0.00	(0.15)	0.00	0.00	0.58	(0.82)	2.95
MKEFX	0.80	0.15	0.14	0.27	0.97	(0.80)	1.43	(1.61)	5.00
MKECX	0.78	(0.13)	0.00	(0.27)	0.00	0.00	1.39	(2.31)	4.29

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