Blk Rk Correlations

MAWIX Fund

USD 5.19 0.01 0.19%

The current 90-days correlation between Blk Rk Sg and Vy Goldman Sachs is 0.67 (i.e., Poor diversification). The correlation of Blk Rk 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.

Blk Rk Correlation With Market

Average diversification

The correlation between Blk Rk Sg and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blk Rk Sg 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 Blk Rk Sg. 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 Blk Mutual Fund

0.64	MKECX	Blackrock Funds	Pair Corr
0.62	BRAPX	Blackrock Aggressive	Pair Corr
0.7	MKLOX	Blackrock Global All	Pair Corr
0.68	BRECX	Blackrock International	Pair Corr
0.65	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.83	BRIAX	Blackrock Retirement	Pair Corr
0.64	BRICX	Blackrock Retirement	Pair Corr
0.99	MKWIX	Blackrock Strategic	Pair Corr
0.68	BRMPX	Blackrock Moderate	Pair Corr
0.95	BROKX	Blackrock Advantage	Pair Corr
0.96	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.62	BABDX	Blackrock Gbl Dividend	Pair Corr

Moving against Blk Mutual Fund

0.32

BASOX

Blackrock Short Obli

Pair Corr

Related Correlations Analysis

	VGSBX	IIGCX	FGDIX	OGMCX	AGGWX	UIPMX
VGSBX		0.53	0.54	0.56	0.46	0.5	VGSBX
IIGCX	0.53		0.98	0.98	0.94	0.93	IIGCX
FGDIX	0.54	0.98		0.99	0.96	0.96	FGDIX
OGMCX	0.56	0.98	0.99		0.95	0.95	OGMCX
AGGWX	0.46	0.94	0.96	0.95		1.0	AGGWX
UIPMX	0.5	0.93	0.96	0.95	1.0		UIPMX
	VGSBX	IIGCX	FGDIX	OGMCX	AGGWX	UIPMX

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blk Mutual Fund performing well and Blk Rk 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 Blk Rk'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
VGSBX	0.26	(0.07)	(1.11)	0.43	(0.75)	1.83
IIGCX	1.44	(0.23)	(1.34)	2.67	(3.02)	15.46
FGDIX	1.34	(0.20)	(0.80)	2.67	(2.93)	9.33
OGMCX	1.35	(0.18)	(0.79)	2.63	(2.79)	8.95
AGGWX	1.37	(0.17)	(1.19)	2.93	(3.05)	8.96
UIPMX	1.32	(0.18)	(0.61)	2.60	(3.27)	8.80

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