Blackrock Muniholdings Correlations
| MHN Fund | USD 10.31 0.01 0.1% |
The current 90-days correlation between Blackrock Muniholdings and Eaton Vance National is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackrock Muniholdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackrock Muniholdings Ny moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Blackrock Muniholdings Correlation With Market
Modest diversification
The correlation between Blackrock Muniholdings Ny and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Muniholdings Ny and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Fund
| 0.83 | NEA | Nuveen Amt Free | PairCorr |
| 0.77 | NVG | Nuveen Amt Free | PairCorr |
| 0.85 | NAD | Nuveen Dividend Advantage | PairCorr |
| 0.81 | NZF | Nuveen Municipal Credit | PairCorr |
| 0.7 | NAC | Nuveen California | PairCorr |
| 0.77 | TIMUX | Transamerica Intermediate | PairCorr |
| 0.69 | PGLSX | Global Multi Strategy | PairCorr |
| 0.63 | WMT | Walmart | PairCorr |
| 0.66 | JPM | JPMorgan Chase | PairCorr |
Moving against Blackrock Fund
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Blackrock Fund performing well and Blackrock Muniholdings 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 Muniholdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOT | 0.47 | (0.02) | 0.00 | (0.10) | 0.00 | 1.01 | 2.87 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NXC | 0.35 | 0.02 | 0.04 | 0.13 | 0.38 | 0.78 | 1.98 | |||
| CXH | 0.38 | (0.01) | 0.00 | (0.13) | 0.00 | 0.76 | 2.37 | |||
| FMN | 0.44 | (0.02) | 0.00 | (0.17) | 0.00 | 0.81 | 3.01 | |||
| IHIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHAA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |