Blackrock Lifepath Correlations

Mutual Funds . USA . 
Fund . Blackrock Lifepath Idx
LIPIX Fund  USD 23.34  0.05  0.21%   
The current 90-days correlation between Blackrock Lifepath Idx and Science Technology Fund is 0.88 (i.e., Very poor 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

Poor diversification

The correlation between Blackrock Lifepath Idx and DJI is 0.73 (i.e., Poor 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 gross domestic product.

Moving together with Blackrock Mutual Fund

  0.84MKCPX Blackrock BalancedPairCorr
  0.69MKEAX MkeaxPairCorr
  0.69MKECX Blackrock FundsPairCorr
  0.72MKDVX Blackrock Equity DividendPairCorr
  0.98MKGCX Blackrock AdvantagePairCorr
  0.76BRAPX Blackrock AggressivePairCorr
  0.89MKLOX Blackrock Global AllPairCorr
  0.62BRGNX Blckrck Fdsiii RssllPairCorr
  0.79BRGPX Blackrock Gwth PreparedPairCorr
  0.62BRGKX Blckrck Fds IiiPairCorr
  0.61BRGAX Blckrck Fdsiii RssllPairCorr
  0.78BRIAX Blackrock RetirementPairCorr
  0.91MKSCX Blackrock FundsPairCorr
  0.74BRIDX Blackrock RetirementPairCorr
  0.65BRIEX Blackrock RetirementPairCorr
  0.76BRICX Blackrock RetirementPairCorr
  0.77BRMIX Blackrock Midcap IndexPairCorr
  0.82BRMAX Blackrock Midcap IndexPairCorr
  0.84BRMPX Blackrock ModeratePairCorr
  0.72BRMKX Blackrock Midcap IndexPairCorr

Related Correlations Analysis

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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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