Blackrock Total Correlations

MAHQX Fund

USD 9.83 0.01 0.10%

The current 90-days correlation between Blackrock Total Ret and Blackrock California Municipal is 0.55 (i.e., Very weak diversification). The correlation of Blackrock Total 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 Total Correlation With Market

Average diversification

The correlation between Blackrock Total Ret and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Total Ret 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 Total Ret. 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 producer price index.

Moving together with Blackrock Mutual Fund

0.78	MKCMX	Blackrock California	Pair Corr
0.68	MKILX	Blackrock International	Pair Corr
0.97	BRAMX	Bats Series M	Pair Corr
0.86	MKMTX	Blackrock Strategic	Pair Corr
0.99	BRACX	Bats Series C	Pair Corr
0.87	MKNKX	Blackrock New York	Pair Corr
0.63	MKNJX	Blackrock New Jersey	Pair Corr
0.8	BRCPX	Blackrock Conservative	Pair Corr
0.77	BREKX	Blackrock International	Pair Corr
0.77	BRECX	Blackrock International	Pair Corr
0.77	BREAX	Blackrock International	Pair Corr
0.98	MKWIX	Blackrock Strategic	Pair Corr
0.77	BROKX	Blackrock Advantage	Pair Corr

Moving against Blackrock Mutual Fund

0.87	BRBCX	Blackrock Tactical	Pair Corr
0.72	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.71	MKFOX	Blackrock Large Cap	Pair Corr
0.7	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.7	BRGKX	Blckrck Fds Iii	Pair Corr
0.65	MKSPX	Blackrock Advantage Total	Pair Corr
0.61	MKGCX	Blackrock Advantage	Pair Corr
0.54	MKDVX	Blackrock Equity Dividend	Pair Corr
0.51	MKSCX	Blackrock Funds	Pair Corr
0.42	BRAPX	Blackrock Aggressive	Pair Corr
0.71	MLRKX	Blackrock Advantage Large	Pair Corr
0.69	BRMIX	Blackrock Midcap Index	Pair Corr
0.69	BRMAX	Blackrock Midcap Index	Pair Corr
0.69	BRMKX	Blackrock Midcap Index	Pair Corr
0.67	BSDKX	Blackrock Smid Cap	Pair Corr
0.67	BSDAX	Blackrock Smid Cap	Pair Corr
0.6	BACAX	Blackrock All Cap	Pair Corr
0.57	BACCX	Blackrock All Cap	Pair Corr
0.57	BSGRX	Blackrock Advantage Small	Pair Corr

Related Correlations Analysis

	MKCMX	MKCPX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX	BRAPX
MKCMX		-0.04	0.26	0.2	0.24	-0.31	-0.32	-0.42	0.44	-0.18	MKCMX
MKCPX	-0.04		0.14	0.25	0.57	0.74	0.91	0.77	0.01	0.86	MKCPX
MKEFX	0.26	0.14		0.86	0.73	-0.2	-0.12	-0.28	0.93	0.1	MKEFX
MKECX	0.2	0.25	0.86		0.63	-0.01	0.0	-0.18	0.81	0.11	MKECX
MKDCX	0.24	0.57	0.73	0.63		0.14	0.36	0.12	0.61	0.47	MKDCX
MKDVX	-0.31	0.74	-0.2	-0.01	0.14		0.84	0.78	-0.24	0.71	MKDVX
MKGCX	-0.32	0.91	-0.12	0.0	0.36	0.84		0.94	-0.27	0.88	MKGCX
MKFOX	-0.42	0.77	-0.28	-0.18	0.12	0.78	0.94		-0.41	0.83	MKFOX
MKILX	0.44	0.01	0.93	0.81	0.61	-0.24	-0.27	-0.41		0.0	MKILX
BRAPX	-0.18	0.86	0.1	0.11	0.47	0.71	0.88	0.83	0.0		BRAPX
	MKCMX	MKCPX	MKEFX	MKECX	MKDCX	MKDVX	MKGCX	MKFOX	MKILX	BRAPX

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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

MKFOX	+ 0.94	MKGCX
MKILX	+ 0.93	MKEFX
MKGCX	+ 0.91	MKCPX
BRAPX	+ 0.88	MKGCX
BRAPX	+ 0.86	MKCPX
MKECX	+ 0.86	MKEFX

High negative correlations

MKFOX	- 0.42	MKCMX
MKILX	- 0.41	MKFOX
MKGCX	- 0.32	MKCMX
MKDVX	- 0.31	MKCMX
MKFOX	- 0.28	MKEFX
MKILX	- 0.27	MKGCX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Total 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 Total'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
MKCMX	0.11	(0.01)	(0.45)	(0.23)	0.17	(0.17)	0.33	(0.25)	1.00
MKCPX	0.32	0.01	(0.25)	0.66	0.34	(0.44)	0.80	(0.63)	2.33
MKEFX	0.90	(0.18)	0.00	(0.16)	0.00	0.00	1.61	(2.12)	6.83
MKECX	0.65	(0.10)	0.00	(3.36)	0.00	0.00	1.26	(1.72)	3.91
MKDCX	0.78	(0.10)	0.00	(0.11)	0.00	0.00	1.57	(2.04)	5.05
MKDVX	0.46	0.04	(0.16)	(1.04)	0.44	(0.57)	0.93	(0.82)	3.38
MKGCX	0.55	0.06	(0.09)	(2.10)	0.64	(0.58)	1.12	(1.08)	3.47
MKFOX	0.86	0.08	(0.03)	(0.92)	1.30	(0.85)	1.81	(2.41)	5.58
MKILX	0.74	(0.15)	0.00	(0.09)	0.00	0.00	1.23	(1.84)	5.13
BRAPX	0.45	(0.04)	(0.13)	0.05	0.55	(0.52)	1.03	(0.84)	2.96

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