Brf Clf Correlations

MFCMX Fund

USD 12.15 0.01 0.08%

The current 90-days correlation between Brf Clf Mpl and Ab Select Equity is 0.06 (i.e., Significant diversification). The correlation of Brf Clf 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.

Brf Clf Correlation With Market

Average diversification

The correlation between Brf Clf Mpl and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brf Clf Mpl 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 Brf Clf Mpl. 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 population.

Moving together with Brf Mutual Fund

0.88	MKCMX	Blackrock California	Pair Corr
0.73	BRAMX	Bats Series M	Pair Corr
0.98	MKMTX	Blackrock Strategic	Pair Corr
0.78	BRACX	Bats Series C	Pair Corr
0.98	MKNKX	Blackrock New York	Pair Corr
0.92	MKNJX	Blackrock New Jersey	Pair Corr
0.72	BRCPX	Blackrock Conservative	Pair Corr
0.87	MKPYX	Blackrock Pennsylvania	Pair Corr
0.65	MKWIX	Blackrock Strategic	Pair Corr

Moving against Brf Mutual Fund

0.4	BRBCX	Blackrock Tactical	Pair Corr
0.36	MKFOX	Blackrock Large Cap	Pair Corr

Related Correlations Analysis

	AUUIX	HQIAX	CGEOX	GSCYX	DIVHX	DFVEX
AUUIX		0.84	0.78	0.82	0.79	0.86	AUUIX
HQIAX	0.84		0.91	0.92	0.96	0.96	HQIAX
CGEOX	0.78	0.91		0.83	0.92	0.88	CGEOX
GSCYX	0.82	0.92	0.83		0.84	0.98	GSCYX
DIVHX	0.79	0.96	0.92	0.84		0.89	DIVHX
DFVEX	0.86	0.96	0.88	0.98	0.89		DFVEX
	AUUIX	HQIAX	CGEOX	GSCYX	DIVHX	DFVEX

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Risk-Adjusted Indicators

There is a big difference between Brf Mutual Fund performing well and Brf Clf 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 Brf Clf'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
AUUIX	0.46	0.13	0.04	2.52	0.37	(0.53)	1.06	(0.96)	3.91
HQIAX	0.44	0.01	(0.04)	0.12	0.33	(0.53)	1.00	(0.66)	3.28
CGEOX	0.62	0.06	0.03	0.19	0.61	(0.72)	1.45	(1.55)	4.11
GSCYX	0.82	0.07	0.12	0.16	0.59	(1.04)	2.14	(1.34)	7.13
DIVHX	0.48	0.04	0.02	0.17	0.23	(0.55)	1.12	(0.70)	2.83
DFVEX	0.60	0.07	0.10	0.17	0.40	(0.72)	1.41	(0.90)	5.26

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