Blackrock Floating Correlations

FRA Fund

USD 13.89 0.03 0.22%

The current 90-days correlation between Blackrock Floating Rate and Eaton Vance National is -0.07 (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.

Blackrock Floating Correlation With Market

Modest diversification

The correlation between Blackrock Floating Rate and DJI is 0.21 (i.e., Modest 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Blackrock Floating Rate. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Blackrock Fund

0.61	AWRRF	AW Revenue Royalties	Pair Corr
0.93	MFD	Macquariefirst Tr Global	Pair Corr
0.9	NMT	Nuveen Massachusetts	Pair Corr
0.93	NTG	Tortoise Mlp Closed	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.66	RIV	Rivernorth Opportunities	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.83	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.89	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	T	ATT Inc Aggressive Push	Pair Corr
0.75	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.83	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.76	DIS	Walt Disney	Pair Corr

Moving against Blackrock Fund

0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr
0.77	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.73	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.67	FMY	First Trust Mortgage	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.31	IIF	Morgan Stanley India	Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE
CXH		0.67	0.69	0.65	0.48	0.81	0.72	0.73	CXH
EOT	0.67		0.73	0.49	0.25	0.67	0.74	0.74	EOT
MQT	0.69	0.73		0.85	0.16	0.81	0.89	0.89	MQT
MVF	0.65	0.49	0.85		0.14	0.8	0.86	0.81	MVF
DTF	0.48	0.25	0.16	0.14		0.42	0.06	0.11	DTF
MUE	0.81	0.67	0.81	0.8	0.42		0.77	0.74	MUE
MQY	0.72	0.74	0.89	0.86	0.06	0.77		0.93	MQY
CXE	0.73	0.74	0.89	0.81	0.11	0.74	0.93		CXE
	CXH	EOT	MQT	MVF	DTF	MUE	MQY	CXE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blackrock Fund performing well and Blackrock Floating 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
MVF	0.46	(0.01)	(0.15)	(0.34)	0.61	(0.54)	0.83	(1.06)	2.81
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
MUE	0.39	0.03	(0.13)	(1.15)	0.47	(0.40)	0.85	(0.76)	2.47
MQY	0.40	(0.02)	0.00	1.08	0.00	0.00	0.81	(1.07)	2.74
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC