Blackrock Gbl Correlations

BDMIX Fund

USD 14.04 0.08 0.57%

The current 90-days correlation between Blackrock Gbl Lng and Mid Cap Growth is -0.19 (i.e., Good diversification). The correlation of Blackrock Gbl 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 Gbl Correlation With Market

Average diversification

The correlation between Blackrock Gbl Lng and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gbl Lng 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 Blackrock Gbl Lng. 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 gross domestic product.

Moving together with Blackrock Mutual Fund

0.62	MKDVX	Blackrock Equity Dividend	Pair Corr
0.75	MKGCX	Blackrock Advantage	Pair Corr
0.77	MKFOX	Blackrock Large Cap	Pair Corr
0.67	BRAPX	Blackrock Aggressive	Pair Corr
0.79	BRBCX	Blackrock Tactical	Pair Corr
0.8	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.8	BRGKX	Blckrck Fds Iii	Pair Corr
0.8	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.68	BRHYX	Blackrock Hi Yld	Pair Corr
0.73	MKSCX	Blackrock Funds	Pair Corr
0.79	MKSPX	Blackrock Advantage Total	Pair Corr
0.8	BRMIX	Blackrock Midcap Index	Pair Corr
0.8	BRMAX	Blackrock Midcap Index	Pair Corr
0.8	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against Blackrock Mutual Fund

0.68	BRAMX	Bats Series M	Pair Corr
0.6	BRACX	Bats Series C	Pair Corr
0.5	MKMTX	Blackrock Strategic	Pair Corr
0.45	MKILX	Blackrock International	Pair Corr
0.45	MKNKX	Blackrock New York	Pair Corr
0.39	MKECX	Blackrock Funds	Pair Corr
0.37	MKEFX	Blackrock Eurofund Class	Pair Corr
0.62	BREKX	Blackrock International	Pair Corr
0.62	BREAX	Blackrock International	Pair Corr
0.61	BRECX	Blackrock International	Pair Corr
0.34	BRCPX	Blackrock Conservative	Pair Corr
0.66	MKWIX	Blackrock Strategic	Pair Corr
0.55	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.54	BROAX	Blackrock Global Opp	Pair Corr
0.53	BROKX	Blackrock Advantage	Pair Corr
0.53	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.31	BACPX	Blackrock Conservative	Pair Corr

Related Correlations Analysis

	TEGAX	CHASX	PQUAX	PGRTX	FRAAX	HSUAX	EIPIX
TEGAX		0.98	0.96	0.94	0.9	0.95	0.94	TEGAX
CHASX	0.98		0.94	0.96	0.94	0.98	0.9	CHASX
PQUAX	0.96	0.94		0.97	0.85	0.89	0.89	PQUAX
PGRTX	0.94	0.96	0.97		0.9	0.93	0.85	PGRTX
FRAAX	0.9	0.94	0.85	0.9		0.93	0.83	FRAAX
HSUAX	0.95	0.98	0.89	0.93	0.93		0.88	HSUAX
EIPIX	0.94	0.9	0.89	0.85	0.83	0.88		EIPIX
	TEGAX	CHASX	PQUAX	PGRTX	FRAAX	HSUAX	EIPIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Gbl 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 Gbl'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
TEGAX	0.82	0.24	0.15	1.55	0.62	(0.96)	1.98	(1.17)	4.78
CHASX	0.67	0.17	0.07	2.30	0.71	(0.78)	1.31	(1.44)	4.83
PQUAX	0.92	0.18	0.08	0.82	0.86	(0.98)	2.05	(1.49)	6.52
PGRTX	0.90	0.14	0.03	1.00	1.03	(0.99)	1.96	(1.84)	6.75
FRAAX	0.74	(0.02)	(0.02)	0.10	1.04	(0.73)	1.44	(1.96)	5.06
HSUAX	0.71	0.17	0.05	(2.14)	0.70	(0.83)	1.43	(1.41)	4.58
EIPIX	0.58	0.12	0.08	0.39	0.45	(0.69)	1.26	(0.98)	2.67

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