Blackrock Intern Correlations

MAIIX Fund

USD 15.25 0.02 0.13%

The current 90-days correlation between Blackrock Intern Index and T Rowe Price is -0.15 (i.e., Good diversification). The correlation of Blackrock Intern 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 Intern Correlation With Market

Significant diversification

The correlation between Blackrock Intern Index and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Intern Index 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 Intern Index. 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

0.83	MKEFX	Blackrock Eurofund Class	Pair Corr
0.91	MKECX	Blackrock Funds	Pair Corr
0.84	MKDCX	Blackrock Emerging	Pair Corr
0.64	MKDVX	Blackrock Equity Dividend	Pair Corr
0.66	MKGCX	Blackrock Advantage	Pair Corr
0.61	MKILX	Blackrock International	Pair Corr
0.79	BRAMX	Bats Series M	Pair Corr
0.76	BRACX	Bats Series C	Pair Corr
0.64	BRCPX	Blackrock Conservative	Pair Corr
0.83	BREKX	Blackrock International	Pair Corr
0.84	BRECX	Blackrock International	Pair Corr
0.83	BREAX	Blackrock International	Pair Corr
0.77	BRIAX	Blackrock Retirement	Pair Corr
0.74	BRIDX	Blackrock Retirement	Pair Corr
0.73	BRIEX	Blackrock Retirement	Pair Corr
0.76	BRICX	Blackrock Retirement	Pair Corr
0.86	MKWIX	Blackrock Strategic	Pair Corr
0.94	BROKX	Blackrock Advantage	Pair Corr
0.97	BROIX	Blackrock Glbl Opprtnts	Pair Corr

Moving against Blackrock Mutual Fund

0.7	BRBCX	Blackrock Tactical	Pair Corr
0.64	MKFOX	Blackrock Large Cap	Pair Corr
0.5	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.5	BRGKX	Blckrck Fds Iii	Pair Corr
0.5	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.49	BABSX	Blackrock Funds	Pair Corr
0.43	BSDKX	Blackrock Smid Cap	Pair Corr

Related Correlations Analysis

	PAEIX	DIVHX	FLDFX	GGEAX	LGFEX	DODFX
PAEIX		0.5	0.61	0.53	0.95	0.95	PAEIX
DIVHX	0.5		0.88	0.92	0.69	0.6	DIVHX
FLDFX	0.61	0.88		0.81	0.73	0.71	FLDFX
GGEAX	0.53	0.92	0.81		0.75	0.64	GGEAX
LGFEX	0.95	0.69	0.73	0.75		0.96	LGFEX
DODFX	0.95	0.6	0.71	0.64	0.96		DODFX
	PAEIX	DIVHX	FLDFX	GGEAX	LGFEX	DODFX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Intern 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 Intern'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PAEIX	0.59	(0.18)	(1.91)	0.88	(1.67)	3.84
DIVHX	0.56	(0.11)	(0.32)	1.03	(0.80)	7.27
FLDFX	0.61	(0.18)	(1.45)	0.71	(0.98)	12.74
GGEAX	0.75	(0.16)	3.17	0.94	(1.38)	9.33
LGFEX	0.65	(0.23)	(2.55)	0.74	(1.33)	7.57
DODFX	0.57	(0.20)	(5.05)	0.81	(1.43)	5.47

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