Blackrock Lifepath Correlations

LPRNX Fund  USD 13.39  0.08  0.60%   
The current 90-days correlation between Blackrock Lifepath and Blackrock California Municipal is 0.27 (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

Significant diversification

The correlation between Blackrock Lifepath Dynamic and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Lifepath Dynamic 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 Dynamic. 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 board of governors.

Moving together with Blackrock Mutual Fund

  0.62MKCMX Blackrock CaliforniaPairCorr
  0.94MKCPX Blackrock BalancedPairCorr
  0.7MKECX Blackrock FundsPairCorr
  0.67MKDVX Blackrock Equity DividendPairCorr
  0.67MKGCX Blackrock AdvantagePairCorr
  0.93BRAPX Blackrock AggressivePairCorr
  0.85BRAMX Bats Series MPairCorr
  0.69MKMTX Blackrock StrategicPairCorr
  0.86BRACX Bats Series CPairCorr
  0.74MKNKX Blackrock New YorkPairCorr
  0.76MKNJX Blackrock New JerseyPairCorr
  0.94MKLOX Blackrock Global AllPairCorr
  0.65BRCPX Blackrock ConservativePairCorr
  0.77MKPYX Blackrock PennsylvaniaPairCorr
  0.93BRGPX Blackrock Gwth PreparedPairCorr
  0.7BRIAX Blackrock RetirementPairCorr
  0.82MKSCX Blackrock FundsPairCorr
  0.65MKSPX Blackrock Advantage TotalPairCorr
  0.7BRIDX Blackrock RetirementPairCorr
  0.69BRIEX Blackrock RetirementPairCorr
  0.68BRICX Blackrock RetirementPairCorr
  0.78BRMIX Blackrock Midcap IndexPairCorr
  0.79MKWIX Blackrock StrategicPairCorr
  0.78BRMAX Blackrock Midcap IndexPairCorr
  0.68BRMPX Blackrock ModeratePairCorr
  0.78BRMKX Blackrock Midcap IndexPairCorr

Moving against Blackrock Mutual Fund

  0.36BRASX Bats Series SPairCorr

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   
MKGCXMKDVX
BRAPXMKCPX
MKDCXMKECX
MKGCXMKECX
MKECXMKCPX
BRAPXMKECX
  
High negative correlations   
MKFOXMKECX
MKFOXMKGCX
MKFOXMKDCX
MKFOXMKDVX
BRAPXMKEFX
MKGCXMKEFX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MKCMX  0.14  0.00 (0.31) 0.03  0.15 
 0.42 
 1.09 
MKCPX  0.38 (0.05) 0.00 (0.13) 0.00 
 0.77 
 3.37 
MKEFX  0.73  0.05 (0.03) 2.48  0.96 
 1.63 
 4.41 
MKECX  0.72 (0.17) 0.00 (0.25) 0.00 
 1.14 
 4.38 
MKDCX  0.67 (0.12) 0.00 (0.67) 0.00 
 1.41 
 4.20 
MKDVX  0.59 (0.09) 0.00 (0.13) 0.00 
 1.15 
 7.49 
MKGCX  0.73 (0.17) 0.00 (0.30) 0.00 
 1.14 
 12.71 
MKFOX  0.97  0.09  0.00 (1.31) 1.42 
 1.83 
 6.74 
MKILX  0.61  0.04 (0.03) 0.24  0.77 
 1.32 
 4.20 
BRAPX  0.58 (0.09) 0.00 (0.25) 0.00 
 1.04 
 7.07