Blackrock Lifepath Correlations

Mutual Funds USA . 
Fund . Blackrock Lifepath Idx
LIPIX Fund  USD 23.94  0.16  0.66%   
The current 90-days correlation between Blackrock Lifepath Idx and Financial Industries Fund is 0.21 (i.e., Modest diversification). The correlation of Blackrock Lifepath 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 Lifepath Correlation With Market

Very weak diversification

The correlation between Blackrock Lifepath Idx and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Lifepath Idx and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Lifepath Idx. 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 gross domestic product.

Moving together with Blackrock Mutual Fund

  0.75MKCPX Blackrock BalancedPairCorr
  0.64MKILX Blackrock InternationalPairCorr
  0.71BRAMX Bats Series MPairCorr
  0.7BRACX Bats Series CPairCorr
  0.69MKNKX Blackrock New YorkPairCorr
  0.66MKNJX Blackrock New JerseyPairCorr
  0.81MKLOX Blackrock Global AllPairCorr
  0.68BRCPX Blackrock ConservativePairCorr
  0.67MKPYX Blackrock PennsylvaniaPairCorr
  0.91BRGNX Blckrck Fdsiii RssllPairCorr
  0.92BRIAX Blackrock RetirementPairCorr
  0.74BRHYX Blackrock Hi YldPairCorr
  0.71MKSCX Blackrock FundsPairCorr
  0.88MKSPX Blackrock Advantage TotalPairCorr
  0.85BRIDX Blackrock RetirementPairCorr
  0.84BRIEX Blackrock RetirementPairCorr
  0.83BRICX Blackrock RetirementPairCorr
  0.66BRMIX Blackrock Midcap IndexPairCorr
  0.63MKWIX Blackrock StrategicPairCorr
  0.67BRMAX Blackrock Midcap IndexPairCorr
  0.66BRMPX Blackrock ModeratePairCorr
  0.69BRMKX Blackrock Midcap IndexPairCorr
  0.75BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

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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   
IAAEX
+ 0.9
FIDAX
SBFAX
+ 0.86
FIDAX
PGFMX
+ 0.82
FIDAX
IAAEX
+ 0.8
SBFAX
DVFYX
+ 0.77
FIDAX
ICFAX
+ 0.77
SBFAX
  
High negative correlations   
IAAEX
- 0.68
BXSL
ICFAX
- 0.67
BXSL
BXSL
- 0.52
SBFAX
BXSL
- 0.44
FIDAX
PGFMX
- 0.14
BXSL

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Lifepath 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 Lifepath'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.

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