Blackrock Acwi Correlations

BDOKX Fund

USD 10.62 0.12 1.14%

The current 90-days correlation between Blackrock Acwi Exus and James Balanced Golden is 0.19 (i.e., Average diversification). The correlation of Blackrock Acwi 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 Acwi Correlation With Market

Modest diversification

The correlation between Blackrock Acwi Exus and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Acwi Exus 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 Acwi Exus. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Blackrock Mutual Fund

1.0	VGTSX	Vanguard Total Inter	Pair Corr
1.0	VTIAX	Vanguard Total Inter	Pair Corr
1.0	VTSNX	Vanguard Total Inter	Pair Corr
1.0	VTPSX	Vanguard Total Inter	Pair Corr
1.0	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTMGX	Vanguard Developed	Pair Corr
0.98	VDVIX	Vanguard Developed	Pair Corr
0.98	VTMNX	Vanguard Developed	Pair Corr
0.98	VDIPX	Vanguard Developed	Pair Corr
0.96	FSPSX	Fidelity International	Pair Corr
0.62	KO	Coca Cola Earnings Call This Week	Pair Corr
0.77	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Blackrock Mutual Fund

0.64	VZ	Verizon Communications	Pair Corr
0.34	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	GLRBX	VGSBX	EPGFX	GLRIX	UIPMX	UNWPX	AGGWX	FEGOX
GLRBX		0.69	0.59	0.91	0.48	0.0	0.44	0.57	GLRBX
VGSBX	0.69		0.47	0.6	0.29	-0.16	0.26	0.39	VGSBX
EPGFX	0.59	0.47		0.67	0.89	0.63	0.88	0.82	EPGFX
GLRIX	0.91	0.6	0.67		0.58	0.12	0.55	0.64	GLRIX
UIPMX	0.48	0.29	0.89	0.58		0.75	0.99	0.88	UIPMX
UNWPX	0.0	-0.16	0.63	0.12	0.75		0.78	0.62	UNWPX
AGGWX	0.44	0.26	0.88	0.55	0.99	0.78		0.87	AGGWX
FEGOX	0.57	0.39	0.82	0.64	0.88	0.62	0.87		FEGOX
	GLRBX	VGSBX	EPGFX	GLRIX	UIPMX	UNWPX	AGGWX	FEGOX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AGGWX	+ 0.99	UIPMX
GLRIX	+ 0.91	GLRBX
UIPMX	+ 0.89	EPGFX
AGGWX	+ 0.88	EPGFX
FEGOX	+ 0.88	UIPMX
FEGOX	+ 0.87	AGGWX

High negative correlations

UNWPX	- 0.16	VGSBX
UNWPX	- 0.0	GLRBX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Acwi 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 Acwi'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
GLRBX	0.40	(0.02)	(0.12)	0.01	0.67	(0.37)	0.75	(0.90)	3.20
VGSBX	0.24	(0.02)	0.00	(0.30)	0.00	0.00	0.65	(0.64)	1.83
EPGFX	1.47	(0.07)	0.00	(0.38)	0.00	0.00	3.28	(3.15)	8.55
GLRIX	0.40	(0.02)	(0.11)	0.03	0.69	(0.36)	0.63	(0.85)	3.21
UIPMX	1.33	0.00	(0.04)	0.00	1.90	(1.34)	2.57	(3.27)	7.60
UNWPX	1.28	(0.05)	0.00	(0.28)	0.00	0.00	2.67	(2.50)	6.71
AGGWX	1.34	0.00	(0.05)	(0.35)	1.83	(1.44)	2.88	(3.07)	8.48
FEGOX	1.24	(0.08)	0.00	(0.21)	0.00	0.00	2.83	(3.06)	7.79

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