Blackrock National Correlations

MANLX Fund

USD 9.90 0.02 0.20%

The current 90-days correlation between Blackrock National and Transamerica Capital Growth is 0.13 (i.e., Average diversification). The correlation of Blackrock National 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 National Correlation With Market

Modest diversification

The correlation between Blackrock National Municipal and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock National Municipal 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 National Municipal. 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 bureau of economic analysis.

Moving together with Blackrock Mutual Fund

0.97	MKCMX	Blackrock California	Pair Corr
0.66	MKILX	Blackrock International	Pair Corr
0.98	MKMTX	Blackrock Strategic	Pair Corr
0.67	BRACX	Bats Series C	Pair Corr
0.98	MKNKX	Blackrock New York	Pair Corr
0.99	MKNJX	Blackrock New Jersey	Pair Corr
0.72	BRCPX	Blackrock Conservative	Pair Corr
0.98	MKPYX	Blackrock Pennsylvania	Pair Corr
0.69	BRIAX	Blackrock Retirement	Pair Corr
0.74	BRHYX	Blackrock Hi Yld	Pair Corr
0.72	BRIEX	Blackrock Retirement	Pair Corr
0.75	BRICX	Blackrock Retirement	Pair Corr
0.66	MKWIX	Blackrock Strategic	Pair Corr
0.65	MKYHX	Blackrock High Yield	Pair Corr

Moving against Blackrock Mutual Fund

0.48	BACAX	Blackrock All Cap	Pair Corr
0.44	BACIX	Blackrock All Cap	Pair Corr

Related Correlations Analysis

	TAAEX	GGRYX	CDGCX	VDIGX	LMLRX	HIGCX	LLLRX
TAAEX		0.6	0.24	0.38	0.72	0.61	0.94	TAAEX
GGRYX	0.6		0.73	0.77	0.88	0.58	0.7	GGRYX
CDGCX	0.24	0.73		0.64	0.64	0.19	0.34	CDGCX
VDIGX	0.38	0.77	0.64		0.69	0.58	0.49	VDIGX
LMLRX	0.72	0.88	0.64	0.69		0.56	0.84	LMLRX
HIGCX	0.61	0.58	0.19	0.58	0.56		0.64	HIGCX
LLLRX	0.94	0.7	0.34	0.49	0.84	0.64		LLLRX
	TAAEX	GGRYX	CDGCX	VDIGX	LMLRX	HIGCX	LLLRX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock National 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 National'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
TAAEX	1.72	(0.07)	0.00	(0.07)	0.00	0.00	3.16	(3.20)	9.89
GGRYX	0.53	0.00	0.04	(0.05)	0.68	(0.53)	1.01	(0.99)	3.13
CDGCX	0.64	(0.02)	0.00	(0.05)	0.00	0.00	1.12	(1.59)	7.00
VDIGX	0.58	(0.01)	0.03	0.02	0.72	(0.59)	0.95	(1.20)	3.57
LMLRX	0.32	0.02	0.07	0.01	0.37	(0.34)	0.61	(0.60)	2.17
HIGCX	0.91	(0.26)	0.00	1.64	0.00	0.00	1.17	(1.53)	14.04
LLLRX	0.75	(0.08)	0.00	0.59	0.00	0.00	1.35	(1.61)	4.27

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