Blackrock Emerging Correlations

MKDCX Fund

USD 24.02 0.26 1.07%

The current 90-days correlation between Blackrock Emerging and Versatile Bond Portfolio is -0.02 (i.e., Good diversification). The correlation of Blackrock Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Blackrock Emerging Markets and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Emerging Markets 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 Emerging Markets. 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 main economic indicators.

Moving together with Blackrock Mutual Fund

0.74	MKEFX	Blackrock Eurofund Class	Pair Corr
0.78	MKILX	Blackrock International	Pair Corr
0.69	MKWIX	Blackrock Strategic	Pair Corr
0.78	BROKX	Blackrock Advantage	Pair Corr
0.75	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.74	MKYHX	Blackrock High Yield	Pair Corr
0.75	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.84	BADEX	Blackrock Defensive	Pair Corr
0.66	BACPX	Blackrock Conservative	Pair Corr

Moving against Blackrock Mutual Fund

0.31	MKSPX	Blackrock Advantage Total	Pair Corr
0.35	BSDAX	Blackrock Smid Cap	Pair Corr

Related Correlations Analysis

	PRVBX	TAADX	SGYAX	WACIX	TTRBX	ABNTX
PRVBX		0.94	0.83	0.95	0.95	0.96	PRVBX
TAADX	0.94		0.79	0.99	0.99	0.96	TAADX
SGYAX	0.83	0.79		0.83	0.84	0.82	SGYAX
WACIX	0.95	0.99	0.83		0.99	0.97	WACIX
TTRBX	0.95	0.99	0.84	0.99		0.98	TTRBX
ABNTX	0.96	0.96	0.82	0.97	0.98		ABNTX
	PRVBX	TAADX	SGYAX	WACIX	TTRBX	ABNTX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Emerging 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 Emerging'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
PRVBX	0.10	0.01	0.35	(0.83)	0.00	(0.13)	0.23	(0.14)	0.53
TAADX	0.22	0.02	0.17	0.40	0.14	(0.27)	0.50	(0.38)	1.27
SGYAX	0.16	0.02	0.18	0.17	0.00	(0.26)	0.56	(0.28)	1.57
WACIX	0.25	0.03	0.17	0.41	0.18	(0.30)	0.55	(0.33)	1.56
TTRBX	0.15	0.02	0.24	0.67	0.00	(0.19)	0.40	(0.30)	0.82
ABNTX	0.14	0.05	0.36	5.35	0.00	(0.20)	0.30	(0.20)	0.99

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