Blackrock Strategic Correlations
| MKMTX Fund | USD 10.33 0.02 0.19% |
The current 90-days correlation between Blackrock Strategic and Lsv Small Cap is 0.23 (i.e., Modest diversification). The correlation of Blackrock Strategic 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 Strategic Correlation With Market
Modest diversification
The correlation between Blackrock Strategic Municipal and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Strategic Municipal and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Mutual Fund
| 0.95 | MKCMX | Blackrock California | PairCorr |
| 0.61 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.71 | MKILX | Blackrock International | PairCorr |
| 0.65 | BRACX | Bats Series C | PairCorr |
| 0.99 | MKNKX | Blackrock New York | PairCorr |
| 0.99 | MKNJX | Blackrock New Jersey | PairCorr |
| 0.75 | BRCPX | Blackrock Conservative | PairCorr |
| 0.99 | MKPYX | Blackrock Pennsylvania | PairCorr |
| 0.76 | BRIAX | Blackrock Retirement | PairCorr |
| 0.77 | BRHYX | Blackrock Hi Yld | PairCorr |
| 0.79 | BRIDX | Blackrock Retirement | PairCorr |
| 0.79 | BRIEX | Blackrock Retirement | PairCorr |
| 0.81 | BRICX | Blackrock Retirement | PairCorr |
| 0.66 | MKWIX | Blackrock Strategic | PairCorr |
| 0.64 | BRMPX | Blackrock Moderate | PairCorr |
Related Correlations Analysis
| 0.92 | 0.87 | 0.89 | 0.97 | 0.93 | LVAQX | ||
| 0.92 | 0.94 | 0.93 | 0.95 | 0.98 | RRMVX | ||
| 0.87 | 0.94 | 0.96 | 0.91 | 0.93 | SMVTX | ||
| 0.89 | 0.93 | 0.96 | 0.93 | 0.93 | ARSMX | ||
| 0.97 | 0.95 | 0.91 | 0.93 | 0.96 | FCPVX | ||
| 0.93 | 0.98 | 0.93 | 0.93 | 0.96 | TIMVX | ||
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Risk-Adjusted Indicators
There is a big difference between Blackrock Mutual Fund performing well and Blackrock Strategic 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 Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LVAQX | 0.80 | (0.07) | 0.00 | (0.10) | 0.00 | 1.58 | 3.61 | |||
| RRMVX | 0.68 | 0.01 | 0.00 | (0.02) | 0.00 | 1.27 | 3.46 | |||
| SMVTX | 0.87 | (0.02) | 0.00 | 0.22 | 0.00 | 1.55 | 4.10 | |||
| ARSMX | 0.67 | (0.03) | 0.00 | 2.90 | 0.00 | 1.17 | 3.08 | |||
| FCPVX | 0.82 | (0.03) | 0.00 | (0.06) | 0.00 | 1.70 | 4.29 | |||
| TIMVX | 0.74 | 0.00 | 0.00 | (0.02) | 0.00 | 1.41 | 3.55 |