Blackrock Glbl Correlations

MAGCX Fund

USD 27.22 0.03 0.11%

The current 90-days correlation between Blackrock Glbl Sm and Transamerica High Yield is 0.24 (i.e., Modest diversification). The correlation of Blackrock Glbl 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 Glbl Correlation With Market

Modest diversification

The correlation between Blackrock Glbl Sm and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Glbl Sm 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 Glbl Sm. 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 main economic indicators.

Moving together with BlackRock Mutual Fund

0.74	MKCPX	Blackrock Balanced	Pair Corr
0.81	MKECX	Blackrock Funds	Pair Corr
0.93	MKDVX	Blackrock Equity Dividend	Pair Corr
1.0	MKGCX	Blackrock Advantage	Pair Corr
0.72	BRAPX	Blackrock Aggressive	Pair Corr
0.62	MKMTX	Blackrock Strategic	Pair Corr
0.69	MKNKX	Blackrock New York	Pair Corr
0.7	MKNJX	Blackrock New Jersey	Pair Corr
0.71	MKLOX	Blackrock Global All	Pair Corr
0.73	MKPYX	Blackrock Pennsylvania	Pair Corr
0.72	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.86	MKSCX	Blackrock Funds Potential Growth	Pair Corr
0.76	MKSPX	Blackrock Advantage Total	Pair Corr
0.92	BRMIX	Blackrock Midcap Index	Pair Corr
0.92	BRMAX	Blackrock Midcap Index	Pair Corr
0.92	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against BlackRock Mutual Fund

0.4	BRASX	Bats Series S	Pair Corr
0.42	BABSX	Blackrock Funds	Pair Corr

Related Correlations Analysis

	TAHFX	GHVIX	GGMPX	AQRRX	AHYMX	BXHCX
TAHFX		0.94	0.99	0.9	0.74	0.95	TAHFX
GHVIX	0.94		0.94	0.93	0.74	0.97	GHVIX
GGMPX	0.99	0.94		0.92	0.76	0.94	GGMPX
AQRRX	0.9	0.93	0.92		0.65	0.91	AQRRX
AHYMX	0.74	0.74	0.76	0.65		0.77	AHYMX
BXHCX	0.95	0.97	0.94	0.91	0.77		BXHCX
	TAHFX	GHVIX	GGMPX	AQRRX	AHYMX	BXHCX

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Risk-Adjusted Indicators

There is a big difference between BlackRock Mutual Fund performing well and Blackrock Glbl 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 Glbl'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
TAHFX	0.15	0.02	0.06	0.37	0.00	(0.23)	0.61	(0.24)	1.35
GHVIX	0.14	0.02	0.08	(1.97)	0.00	(0.17)	0.30	(0.24)	0.90
GGMPX	0.15	0.01	0.04	0.37	0.00	(0.26)	0.53	(0.35)	1.07
AQRRX	0.42	0.08	0.12	0.26	0.47	(0.48)	0.93	(0.86)	3.19
AHYMX	0.11	0.01	0.01	(0.33)	0.06	(0.17)	0.22	(0.22)	0.98
BXHCX	0.12	0.02	0.05	(0.93)	0.00	(0.20)	0.49	(0.25)	1.12

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