Blackrock Technology Correlations

BTEKX Fund

USD 75.25 1.08 1.41%

The current 90-days correlation between Blackrock Technology and Victory High Yield is -0.27 (i.e., Very good diversification). The correlation of Blackrock Technology 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 Technology Correlation With Market

Very weak diversification

The correlation between Blackrock Technology Opportuni and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Technology Opportuni 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 Technology Opportunities. 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 industry.

Moving together with Blackrock Mutual Fund

0.66	DYSL	Dynasil Of	Pair Corr
0.81	WEBB	Web Global Holdings	Pair Corr
0.62	WELX	Winland Holdings	Pair Corr
0.71	WGNR	Wegener	Pair Corr
0.79	CETXP	Cemtrex Pref	Pair Corr

Moving against Blackrock Mutual Fund

0.89	EVOL	Evolving Systems	Pair Corr
0.81	DLPX	Delphax Technologies	Pair Corr
0.76	VVPR	VivoPower International Tech Boost	Pair Corr
0.58	SBIGW	SpringBig Holdings	Pair Corr
0.57	DZSI	DZS Inc	Pair Corr
0.5	ELCO	Elcom International	Pair Corr
0.5	XELAP	Exela Technologies Earnings Call Today	Pair Corr
0.48	DMAN	Innovativ Media Group	Pair Corr
0.84	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.83	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.81	VLD	Velo3D Inc	Pair Corr
0.8	ZPTAW	Zapata Computing Holdings	Pair Corr
0.74	SURGW	SurgePays Warrant	Pair Corr
0.49	XELA	Exela Technologies Earnings Call Today	Pair Corr

Related Correlations Analysis

	RHYKX	TIHPX	PHYSX	LHYOX	FAGIX	DAHYX	GMOZX
RHYKX		0.87	0.96	0.96	0.94	0.92	0.83	RHYKX
TIHPX	0.87		0.83	0.91	0.75	0.9	0.91	TIHPX
PHYSX	0.96	0.83		0.91	0.95	0.89	0.83	PHYSX
LHYOX	0.96	0.91	0.91		0.87	0.94	0.88	LHYOX
FAGIX	0.94	0.75	0.95	0.87		0.86	0.75	FAGIX
DAHYX	0.92	0.9	0.89	0.94	0.86		0.92	DAHYX
GMOZX	0.83	0.91	0.83	0.88	0.75	0.92		GMOZX
	RHYKX	TIHPX	PHYSX	LHYOX	FAGIX	DAHYX	GMOZX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Technology 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 Technology'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
RHYKX	0.15	0.05	(0.35)	(2.70)	(0.29)	0.37	(0.19)	1.30
TIHPX	0.13	0.01	(0.59)	0.21	(0.20)	0.34	(0.23)	0.91
PHYSX	0.11	0.01	(0.45)	0.29	(0.16)	0.22	(0.22)	0.78
LHYOX	0.13	0.03	(0.46)	14.75	(0.21)	0.31	(0.16)	0.93
FAGIX	0.19	0.05	(0.22)	2.07	(0.26)	0.40	(0.29)	1.17
DAHYX	0.11	0.02	(0.64)	1.36	(0.15)	0.23	(0.23)	0.57
GMOZX	0.13	0.00	(0.51)	0.14	(0.17)	0.28	(0.33)	0.72

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