Blackrock Capital Correlations

MDFGX Fund

USD 38.45 0.36 0.95%

The current 90-days correlation between Blackrock Capital and American Funds The is 0.93 (i.e., Almost no diversification). The correlation of Blackrock Capital 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 Capital Correlation With Market

Poor diversification

The correlation between Blackrock Capital Appreciation and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Capital Appreciation 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 Capital Appreciation. 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 price.

Moving together with Blackrock Mutual Fund

0.8	MKDVX	Blackrock Equity Dividend	Pair Corr
0.95	MKGCX	Blackrock Advantage	Pair Corr
1.0	MKFOX	Blackrock Large Cap	Pair Corr
0.92	BRAPX	Blackrock Aggressive	Pair Corr
0.98	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.98	BRGKX	Blckrck Fds Iii	Pair Corr
0.92	BRMAX	Blackrock Midcap Index	Pair Corr
0.69	BACCX	Blackrock All Cap Potential Growth	Pair Corr
0.7	BACAX	Blackrock All Cap Potential Growth	Pair Corr
0.7	BACIX	Blackrock All Cap Potential Growth	Pair Corr
0.62	BATAX	Blackrock Allocation	Pair Corr
0.97	BASMX	Blackrock Total Stock	Pair Corr
0.85	BATPX	Bats Series P	Pair Corr
0.91	BSMAX	Blackrock Smallmid Cap	Pair Corr
0.98	BSPIX	Blackrock Sp 500	Pair Corr
0.98	BSPAX	Blackrock Sp 500	Pair Corr
0.92	BST	BlackRock Science Tech	Pair Corr
0.99	BSTSX	Blackrock Science	Pair Corr
0.99	BTEKX	Blackrock Technology	Pair Corr
0.91	LIPAX	Blackrock Lifepath Idx	Pair Corr
0.91	LIPIX	Blackrock Lifepath Idx	Pair Corr
0.92	LIVIX	Blackrock Lifepath Idx	Pair Corr

Moving against Blackrock Mutual Fund

0.72	BRAMX	Bats Series M	Pair Corr
0.49	BROKX	Blackrock Advantage	Pair Corr
0.31	MKEFX	Blackrock Eurofund Class	Pair Corr
0.53	BTMPX	Ishares Msci Eafe	Pair Corr
0.53	BTMKX	Blackrock International	Pair Corr

Related Correlations Analysis

	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX
FAFGX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FAFGX
FFAFX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FFAFX
GFACX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	GFACX
GFAFX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	GFAFX
AGTHX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	AGTHX
CGFFX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	CGFFX
CGFCX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	CGFCX
CGFAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	CGFAX
CGFEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CGFEX
RGAEX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		RGAEX
	FAFGX	FFAFX	GFACX	GFAFX	AGTHX	CGFFX	CGFCX	CGFAX	CGFEX	RGAEX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Capital 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 Capital'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
FAFGX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
FFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.41
GFACX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.33	(1.65)	4.41
GFAFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.64)	4.42
AGTHX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.65)	4.40
CGFFX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.41
CGFCX	0.65	0.02	0.02	0.15	0.85	(0.67)	1.34	(1.65)	4.41
CGFAX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.35	(1.65)	4.40
CGFEX	0.65	0.03	0.02	0.15	0.84	(0.67)	1.34	(1.65)	4.40
RGAEX	0.65	0.03	0.02	0.16	0.84	(0.67)	1.34	(1.66)	4.39

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