Blackrock Inflation Correlations

BPRIX Fund

USD 9.85 0.02 0.20%

The current 90-days correlation between Blackrock Inflation and Gmo Resources is 0.26 (i.e., Modest diversification). The correlation of Blackrock Inflation 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 Inflation Correlation With Market

Very weak diversification

The correlation between Blackrock Inflation Protected and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Inflation Protected 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 Inflation Protected. 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 employment.

Moving together with Blackrock Mutual Fund

0.75	MKCMX	Blackrock California	Pair Corr
0.68	MKEAX	Mkeax	Pair Corr
0.64	MKECX	Blackrock Funds	Pair Corr
0.65	MKDCX	Blackrock Emerging	Pair Corr
0.63	BRAMX	Bats Series M	Pair Corr
0.68	MKMTX	Blackrock Strategic	Pair Corr
0.74	BRACX	Bats Series C	Pair Corr
0.76	MKNKX	Blackrock New York	Pair Corr
0.65	MKNJX	Blackrock New Jersey	Pair Corr
0.69	BRCPX	Blackrock Conservative	Pair Corr
0.63	BREBX	Blackrock International	Pair Corr
0.61	MKPYX	Blackrock Pennsylvania	Pair Corr
0.73	MKWIX	Blackrock Strategic	Pair Corr
0.63	BRMPX	Blackrock Moderate	Pair Corr

Related Correlations Analysis

	ENPSX	DLDCX	HNRGX	SNPIX	FRNRX	ALEFX	GMOWX
ENPSX		0.9	0.98	-1.0	0.91	0.68	0.94	ENPSX
DLDCX	0.9		0.94	-0.91	1.0	0.86	0.97	DLDCX
HNRGX	0.98	0.94		-0.99	0.94	0.77	0.95	HNRGX
SNPIX	-1.0	-0.91	-0.99		-0.92	-0.7	-0.95	SNPIX
FRNRX	0.91	1.0	0.94	-0.92		0.85	0.98	FRNRX
ALEFX	0.68	0.86	0.77	-0.7	0.85		0.77	ALEFX
GMOWX	0.94	0.97	0.95	-0.95	0.98	0.77		GMOWX
	ENPSX	DLDCX	HNRGX	SNPIX	FRNRX	ALEFX	GMOWX

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

FRNRX	+ 1.0	DLDCX
HNRGX	+ 0.98	ENPSX
GMOWX	+ 0.98	FRNRX
GMOWX	+ 0.97	DLDCX
GMOWX	+ 0.95	HNRGX
GMOWX	+ 0.94	ENPSX

High negative correlations

SNPIX	- 1.0	ENPSX
SNPIX	- 0.99	HNRGX
GMOWX	- 0.95	SNPIX
FRNRX	- 0.92	SNPIX
SNPIX	- 0.91	DLDCX
ALEFX	- 0.7	SNPIX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Inflation 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 Inflation'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
ENPSX	1.43	0.29	0.15	0.64	1.53	(1.58)	3.30	(2.25)	7.98
DLDCX	0.94	0.27	0.19	0.35	1.02	(1.04)	1.88	(1.89)	4.39
HNRGX	0.88	0.21	0.17	0.51	0.86	(0.97)	2.11	(1.48)	5.75
SNPIX	0.96	(0.20)	0.00	0.68	0.00	0.00	1.49	(2.18)	6.18
FRNRX	0.85	0.27	0.20	0.42	0.96	(0.97)	1.75	(1.73)	4.29
ALEFX	0.96	0.40	0.43	0.81	0.14	(1.21)	1.41	(1.06)	19.46
GMOWX	0.95	0.26	0.22	0.35	0.92	(1.09)	2.11	(1.80)	4.54

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