Blckrk Lc Correlations

BCLPX Fund

USD 8.43 0.01 0.12%

The current 90-days correlation between Blckrk Lc Cr and Rational Defensive Growth is 0.53 (i.e., Very weak diversification). The correlation of Blckrk Lc 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.

Blckrk Lc Correlation With Market

Average diversification

The correlation between Blckrk Lc Cr and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blckrk Lc Cr and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blckrk Lc Cr. 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 american community survey.

Moving together with Blckrk Mutual Fund

0.73	MKEFX	Blackrock Eurofund Class	Pair Corr
0.76	MKECX	Blackrock Funds	Pair Corr
0.61	MKDCX	Blackrock Emerging	Pair Corr
0.72	MKILX	Blackrock International	Pair Corr
0.69	BREKX	Blackrock International	Pair Corr
0.68	BRECX	Blackrock International	Pair Corr
0.68	BREAX	Blackrock International	Pair Corr
0.68	BROKX	Blackrock Advantage	Pair Corr

Moving against Blckrk Mutual Fund

0.32

BASOX

Blackrock Short Obli

Pair Corr

Related Correlations Analysis

	HSUAX	LGLSX	FRAAX	CIPMX	LANIX	TFAGX	WPASX
HSUAX		0.96	0.93	0.86	0.97	0.92	0.8	HSUAX
LGLSX	0.96		0.91	0.92	0.94	0.93	0.74	LGLSX
FRAAX	0.93	0.91		0.91	0.92	0.98	0.88	FRAAX
CIPMX	0.86	0.92	0.91		0.88	0.93	0.8	CIPMX
LANIX	0.97	0.94	0.92	0.88		0.92	0.8	LANIX
TFAGX	0.92	0.93	0.98	0.93	0.92		0.82	TFAGX
WPASX	0.8	0.74	0.88	0.8	0.8	0.82		WPASX
	HSUAX	LGLSX	FRAAX	CIPMX	LANIX	TFAGX	WPASX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blckrk Mutual Fund performing well and Blckrk Lc 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 Blckrk Lc'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
HSUAX	0.72	0.15	0.04	(1.02)	0.72	(0.84)	1.43	(1.41)	4.58
LGLSX	0.93	0.24	0.09	5.63	1.12	(0.94)	2.65	(1.69)	5.60
FRAAX	0.77	(0.02)	(0.02)	0.08	1.06	(0.76)	1.44	(1.96)	5.06
CIPMX	0.66	0.00	(0.01)	0.10	0.74	(0.68)	1.22	(1.23)	4.05
LANIX	0.52	0.06	(0.06)	(4.41)	0.57	(0.55)	1.22	(0.87)	3.14
TFAGX	0.62	(0.02)	(0.03)	0.07	0.88	(0.67)	1.32	(1.38)	4.35
WPASX	0.58	(0.02)	(0.05)	0.07	0.72	(0.62)	1.27	(1.15)	4.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC