Blackrock Focus Correlations

MDFOX Fund

USD 7.75 0.00 0.00%

The current 90-days correlation between Blackrock Focus Growth and Blackrock California Municipal is -0.2 (i.e., Good diversification). The correlation of Blackrock Focus 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 Focus Correlation With Market

Good diversification

The correlation between Blackrock Focus Growth and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Focus Growth 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 Focus Growth. 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 persons.

Moving together with Blackrock Mutual Fund

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

Moving against Blackrock Mutual Fund

0.73	BRAMX	Bats Series M	Pair Corr
0.54	BROKX	Blackrock Advantage	Pair Corr
0.36	MKEFX	Blackrock Eurofund Class	Pair Corr
0.57	BTMPX	Ishares Msci Eafe	Pair Corr
0.57	BTMKX	Blackrock International	Pair Corr

Related Correlations Analysis

	MKCMX	MKCPX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX	BRAPX
MKCMX		0.01	0.14	0.05	0.05	-0.06	-0.2	-0.24	0.41	-0.1	MKCMX
MKCPX	0.01		0.09	0.19	0.42	0.72	0.91	0.74	0.04	0.95	MKCPX
MKEFX	0.14	0.09		0.86	0.79	-0.38	-0.2	-0.32	0.91	-0.09	MKEFX
MKECX	0.05	0.19	0.86		0.74	-0.25	-0.09	-0.29	0.77	0.03	MKECX
MKDCX	0.05	0.42	0.79	0.74		-0.15	0.16	-0.01	0.66	0.2	MKDCX
MKDVX	-0.06	0.72	-0.38	-0.25	-0.15		0.84	0.74	-0.29	0.83	MKDVX
MKGCX	-0.2	0.91	-0.2	-0.09	0.16	0.84		0.9	-0.26	0.97	MKGCX
MKFOX	-0.24	0.74	-0.32	-0.29	-0.01	0.74	0.9		-0.35	0.85	MKFOX
MKILX	0.41	0.04	0.91	0.77	0.66	-0.29	-0.26	-0.35		-0.11	MKILX
BRAPX	-0.1	0.95	-0.09	0.03	0.2	0.83	0.97	0.85	-0.11		BRAPX
	MKCMX	MKCPX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX	BRAPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BRAPX	+ 0.97	MKGCX
BRAPX	+ 0.95	MKCPX
MKGCX	+ 0.91	MKCPX
MKILX	+ 0.91	MKEFX
MKFOX	+ 0.9	MKGCX
MKECX	+ 0.86	MKEFX

High negative correlations

MKDVX	- 0.38	MKEFX
MKILX	- 0.35	MKFOX
MKFOX	- 0.32	MKEFX
MKILX	- 0.29	MKDVX
MKFOX	- 0.29	MKECX
MKILX	- 0.26	MKGCX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Focus 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 Focus' 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
MKCMX	0.13	0.00	(0.38)	0.10	0.13	(0.18)	0.34	(0.25)	1.00
MKCPX	0.29	0.02	(0.21)	0.53	0.30	(0.41)	0.73	(0.58)	2.21
MKEFX	0.90	(0.15)	0.00	(0.14)	0.00	0.00	1.61	(2.12)	6.83
MKECX	0.64	(0.11)	0.00	(0.90)	0.00	0.00	1.18	(1.47)	3.08
MKDCX	0.77	(0.10)	0.00	(0.15)	0.00	0.00	1.57	(2.04)	5.05
MKDVX	0.47	0.05	(0.13)	(3.41)	0.41	(0.55)	0.93	(0.82)	3.38
MKGCX	0.52	0.08	(0.05)	(30.56)	0.62	(0.55)	1.07	(1.08)	3.14
MKFOX	0.84	0.03	0.02	0.15	1.15	(0.89)	1.83	(2.41)	5.58
MKILX	0.75	(0.11)	0.00	(0.06)	0.00	0.00	1.31	(1.84)	5.13
BRAPX	0.44	0.03	(0.11)	1.35	0.54	(0.51)	1.01	(0.84)	2.96

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