Blackrock Funds Correlations

MKECX Fund

10.71 0.03 0.28%

The current 90-days correlation between Blackrock Funds and The Gold Bullion is 0.42 (i.e., Very weak diversification). The correlation of Blackrock Funds 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 Funds Correlation With Market

Very weak diversification

The correlation between Blackrock Funds and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Funds 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 Funds . 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

0.65	MKCPX	Blackrock Balanced	Pair Corr
0.68	MKGCX	Blackrock Advantage	Pair Corr
0.74	MKFOX	Blackrock Large Cap	Pair Corr
0.75	BRAPX	Blackrock Aggressive	Pair Corr
0.69	MKLOX	Blackrock Global All	Pair Corr
0.72	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.71	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.72	BRGKX	Blckrck Fds Iii	Pair Corr
0.72	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.67	MKSCX	Blackrock Funds	Pair Corr
0.72	MKSPX	Blackrock Advantage Total	Pair Corr
0.71	BRMIX	Blackrock Midcap Index	Pair Corr
0.71	BRMAX	Blackrock Midcap Index	Pair Corr
0.71	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against Blackrock Mutual Fund

0.39	BRAMX	Bats Series M	Pair Corr
0.52	BRASX	Bats Series S	Pair Corr

Related Correlations Analysis

	QGLDX	GLDAX	SGDLX	OGMCX	FRGOX	UIPMX	IIGCX
QGLDX		0.98	0.96	0.96	0.98	0.99	0.98	QGLDX
GLDAX	0.98		0.99	0.99	1.0	1.0	1.0	GLDAX
SGDLX	0.96	0.99		1.0	0.99	0.98	0.99	SGDLX
OGMCX	0.96	0.99	1.0		0.99	0.98	0.99	OGMCX
FRGOX	0.98	1.0	0.99	0.99		0.99	1.0	FRGOX
UIPMX	0.99	1.0	0.98	0.98	0.99		1.0	UIPMX
IIGCX	0.98	1.0	0.99	0.99	1.0	1.0		IIGCX
	QGLDX	GLDAX	SGDLX	OGMCX	FRGOX	UIPMX	IIGCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Funds 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 Funds' 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
QGLDX	0.72	0.18	0.28	(3.60)	0.68	(0.81)	1.71	(1.33)	3.97
GLDAX	1.11	0.32	0.23	0.68	1.16	(1.17)	2.83	(2.49)	6.45
SGDLX	1.24	0.26	0.18	0.73	1.36	(1.33)	3.01	(2.88)	7.21
OGMCX	1.27	0.27	0.17	0.37	1.46	(1.38)	2.70	(3.16)	7.69
FRGOX	1.24	0.42	0.28	0.63	1.21	(1.38)	3.38	(2.63)	6.89
UIPMX	1.20	0.33	0.22	0.70	1.34	(1.28)	2.90	(2.77)	7.10
IIGCX	1.26	0.35	0.23	0.66	1.30	(1.37)	3.26	(2.87)	7.27

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