Blackrock Global Correlations

BGKMX Fund

USD 9.80 0.00 0.00%

The correlation of Blackrock Global 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Global Impact. 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 population.

Related Correlations Analysis

	TFCCX	RHSAX	LCGFX	SMYIX	WRLDX	APDTX	MGGNX	OPTCX
TFCCX		0.7	0.9	0.91	0.81	0.84	0.07	0.94	TFCCX
RHSAX	0.7		0.77	0.8	0.7	0.83	0.22	0.78	RHSAX
LCGFX	0.9	0.77		0.97	0.77	0.92	0.08	0.93	LCGFX
SMYIX	0.91	0.8	0.97		0.89	0.93	0.18	0.95	SMYIX
WRLDX	0.81	0.7	0.77	0.89		0.82	0.35	0.82	WRLDX
APDTX	0.84	0.83	0.92	0.93	0.82		0.19	0.94	APDTX
MGGNX	0.07	0.22	0.08	0.18	0.35	0.19		0.16	MGGNX
OPTCX	0.94	0.78	0.93	0.95	0.82	0.94	0.16		OPTCX
	TFCCX	RHSAX	LCGFX	SMYIX	WRLDX	APDTX	MGGNX	OPTCX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Global 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 Global'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
TFCCX	0.50	0.00	(0.05)	0.10	0.44	(0.56)	0.93	(0.98)	3.59
RHSAX	0.92	0.07	(0.02)	3.19	1.36	(0.98)	1.97	(2.49)	7.38
LCGFX	0.71	0.04	0.02	0.14	0.99	(0.71)	1.71	(1.76)	5.22
SMYIX	0.56	0.01	(0.01)	0.12	0.71	(0.60)	1.47	(1.30)	3.19
WRLDX	0.49	(0.03)	(0.13)	0.05	0.49	(0.56)	0.92	(0.97)	2.75
APDTX	0.79	0.14	0.04	2.39	1.01	(0.80)	1.73	(1.27)	5.07
MGGNX	0.20	0.03	(0.27)	(1.90)	0.11	(0.26)	0.46	(0.34)	1.13
OPTCX	0.15	0.04	(0.30)	1.11	0.00	(0.22)	0.32	(0.21)	1.04

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Blackrock Global Correlations

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