Blackrock Lifepath Correlations

LPSDX Fund

USD 13.49 0.80 5.60%

The current 90-days correlation between Blackrock Lifepath and Dreyfus Technology Growth 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 Dynamic and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Lifepath Dynamic 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 Dynamic. 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 unemployment.

Moving together with Blackrock Mutual Fund

0.69	MKCMX	Blackrock California	Pair Corr
0.8	MKCPX	Blackrock Balanced	Pair Corr
0.73	BRAPX	Blackrock Aggressive	Pair Corr
0.69	MKMTX	Blackrock Strategic	Pair Corr
0.68	MKNKX	Blackrock New York	Pair Corr
0.63	MKNJX	Blackrock New Jersey	Pair Corr
0.76	MKLOX	Blackrock Global All	Pair Corr
0.82	BRCPX	Blackrock Conservative	Pair Corr
0.69	MKPYX	Blackrock Pennsylvania	Pair Corr
0.73	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.61	BRIAX	Blackrock Retirement	Pair Corr
0.69	BRHYX	Blackrock Hi Yld	Pair Corr
0.74	BRIDX	Blackrock Retirement	Pair Corr
0.83	BRMPX	Blackrock Moderate	Pair Corr
0.68	MKYHX	Blackrock High Yield	Pair Corr

Related Correlations Analysis

	DTEYX	ITYYX	GISTX	VITAX	MTCCX	JGLTX
DTEYX		0.86	0.93	0.87	0.45	0.83	DTEYX
ITYYX	0.86		0.79	0.65	0.75	0.68	ITYYX
GISTX	0.93	0.79		0.94	0.33	0.92	GISTX
VITAX	0.87	0.65	0.94		0.15	0.91	VITAX
MTCCX	0.45	0.75	0.33	0.15		0.2	MTCCX
JGLTX	0.83	0.68	0.92	0.91	0.2		JGLTX
	DTEYX	ITYYX	GISTX	VITAX	MTCCX	JGLTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DTEYX	0.91	0.05	0.03	0.45	1.22	(0.92)	1.60	(2.19)	5.62
ITYYX	1.17	0.01	0.00	0.04	2.45	(0.99)	2.30	(2.43)	12.95
GISTX	0.95	0.12	0.06	0.88	1.36	(1.03)	2.26	(2.10)	7.34
VITAX	0.90	0.13	0.07	0.77	1.32	(0.84)	1.83	(2.39)	6.58
MTCCX	1.19	(0.17)	0.00	(0.11)	0.00	0.00	2.01	(2.31)	20.86
JGLTX	0.80	0.09	0.06	0.85	1.18	(0.80)	1.34	(2.61)	5.34

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Blackrock Lifepath Correlations

Blackrock Lifepath Correlation With Market

Significant diversification

Moving together with Blackrock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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