Blackrock Floating Correlations

BFRAX Fund

USD 9.70 0.01 0.10%

The current 90-days correlation between Blackrock Floating Rate and Oppenheimer Senior Floating is -0.08 (i.e., Good diversification). The correlation of Blackrock Floating 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 Floating Correlation With Market

Average diversification

The correlation between Blackrock Floating Rate 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 Blackrock Floating Rate 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 Floating Rate. 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 nation.

Moving together with Blackrock Mutual Fund

0.75	MKSPX	Blackrock Advantage Total	Pair Corr
0.83	BRMIX	Blackrock Midcap Index	Pair Corr
0.83	BRMAX	Blackrock Midcap Index	Pair Corr
0.83	BRMKX	Blackrock Midcap Index	Pair Corr
0.66	BSGRX	Blackrock Advantage Small	Pair Corr
0.95	BASOX	Blackrock Short Obli	Pair Corr
0.64	STLFX	Blackrock Lifepath	Pair Corr
0.76	BSMKX	Blackrock Smallmid Cap	Pair Corr
0.82	BSPIX	Blackrock Sp 500	Pair Corr
0.82	BSPGX	Ishares Sp 500	Pair Corr
0.82	BSPAX	Blackrock Sp 500	Pair Corr
0.81	BST	BlackRock Science Tech	Pair Corr
0.77	BSTSX	Blackrock Science	Pair Corr

Moving against Blackrock Mutual Fund

0.72	BRZAX	Blackrock Advantage Esg	Pair Corr
0.69	BRAMX	Bats Series M	Pair Corr
0.65	MKILX	Blackrock International	Pair Corr
0.38	BRCPX	Blackrock Conservative	Pair Corr
0.34	MKYHX	Blackrock High Yield	Pair Corr
0.68	BTMPX	Ishares Msci Eafe	Pair Corr
0.62	BTMKX	Blackrock International	Pair Corr

Related Correlations Analysis

	OOSYX	OOSIX	LARCX	LFRRX	LRRTX
OOSYX		1.0	0.94	0.94	0.94	OOSYX
OOSIX	1.0		0.94	0.94	0.94	OOSIX
LARCX	0.94	0.94		1.0	1.0	LARCX
LFRRX	0.94	0.94	1.0		1.0	LFRRX
LRRTX	0.94	0.94	1.0	1.0		LRRTX
	OOSYX	OOSIX	LARCX	LFRRX	LRRTX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Floating 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 Floating'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OOSYX	0.10	0.02	(0.38)	(0.31)	(0.31)	0.30	(0.15)	1.23
OOSIX	0.11	0.02	(0.39)	(0.29)	(0.29)	0.30	(0.15)	1.23
LARCX	0.07	0.02	0.00	2.86	0.00	0.13	0.00	0.75
LFRRX	0.07	0.00	0.00	0.00	0.00	0.13	0.00	0.75
LRRTX	0.08	0.03	0.00	7.47	0.00	0.13	(0.12)	0.99

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