BlackRock Intermediate Correlations

INMU Etf

USD 23.63 0.02 0.08%

The current 90-days correlation between BlackRock Intermediate and BlackRock High Yield is 0.65 (i.e., Poor diversification). The correlation of BlackRock Intermediate 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 Intermediate Correlation With Market

Average diversification

The correlation between BlackRock Intermediate Muni 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 Intermediate Muni and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in BlackRock Intermediate Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with BlackRock Etf

0.87	MUB	iShares National Muni	Pair Corr
0.88	VTEB	Vanguard Tax Exempt	Pair Corr
0.82	FMB	First Trust Managed	Pair Corr
0.9	ITM	VanEck Intermediate Muni	Pair Corr
0.88	MMIT	IQ MacKay Municipal	Pair Corr
0.9	HMOP	Hartford Municipal	Pair Corr
0.91	TAXF	American Century Div	Pair Corr
0.9	JMUB	JPMorgan Municipal	Pair Corr
0.82	MUST	Columbia Multi Sector	Pair Corr
0.88	MINO	PIMCO ETF Trust	Pair Corr
0.82	PMBS	PIMCO Mortgage Backed	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.69	IBM	International Business Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.6	-0.59	0.33	0.62	0.54	0.41	-0.12	-0.69	META
MSFT	0.73		-0.52	-0.25	0.54	0.32	0.63	0.27	-0.09	-0.47	MSFT
UBER	-0.6	-0.52		0.66	-0.52	-0.21	-0.76	-0.48	0.59	0.8	UBER
F	-0.59	-0.25	0.66		0.04	-0.29	-0.19	-0.08	0.21	0.91	F
T	0.33	0.54	-0.52	0.04		0.11	0.78	0.51	-0.34	-0.17	T
A	0.62	0.32	-0.21	-0.29	0.11		0.2	0.49	0.01	-0.3	A
CRM	0.54	0.63	-0.76	-0.19	0.78	0.2		0.63	-0.53	-0.41	CRM
JPM	0.41	0.27	-0.48	-0.08	0.51	0.49	0.63		-0.62	-0.24	JPM
MRK	-0.12	-0.09	0.59	0.21	-0.34	0.01	-0.53	-0.62		0.27	MRK
XOM	-0.69	-0.47	0.8	0.91	-0.17	-0.3	-0.41	-0.24	0.27		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.91	F
XOM	+ 0.8	UBER
CRM	+ 0.78	T
MSFT	+ 0.73	META
F	+ 0.66	UBER
CRM	+ 0.63	MSFT

High negative correlations

CRM	- 0.76	UBER
XOM	- 0.69	META
MRK	- 0.62	JPM
UBER	- 0.6	META
F	- 0.59	META
MRK	- 0.53	CRM

BlackRock Intermediate Competition Risk-Adjusted Indicators

There is a big difference between BlackRock Etf performing well and BlackRock Intermediate ETF 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 Intermediate'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
META	1.35	0.12	0.06	0.37	1.51	(1.52)	3.43	(3.15)	7.43
MSFT	0.96	0.11	0.05	1.81	1.52	(0.95)	2.12	(1.73)	8.14
UBER	1.60	(0.27)	0.00	(3.51)	0.00	0.00	2.67	(5.35)	12.29
F	1.44	(0.12)	0.00	(0.23)	0.00	0.00	2.46	(2.90)	11.21
T	0.97	0.05	0.03	0.17	1.13	(1.04)	1.91	(1.84)	7.96
A	1.21	0.13	0.09	0.28	1.20	(1.40)	2.81	(2.42)	8.06
CRM	1.42	0.21	0.12	0.85	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.05	0.25	0.18	1.04	1.09	(1.21)	1.92	(1.42)	15.87
MRK	0.99	(0.21)	0.00	(1.25)	0.00	0.00	1.74	(2.17)	5.24
XOM	0.75	(0.15)	0.00	(0.35)	0.00	0.00	1.71	(1.67)	6.06

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