Mkeax Correlations

MKEAX Fund

16.21 0.03 0.18%

The current 90-days correlation between Mkeax and The Gamco Global is 0.45 (i.e., Very weak diversification). The correlation of Mkeax 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.

Mkeax Correlation With Market

Very weak diversification

The correlation between Mkeax and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mkeax 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 Mkeax. 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 nation.

Moving together with Mkeax Mutual Fund

0.62	MKEFX	Blackrock Eurofund Class	Pair Corr
0.61	BRAPX	Blackrock Aggressive	Pair Corr
0.8	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.63	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.8	BRGKX	Blckrck Fds Iii	Pair Corr
0.66	BRIAX	Blackrock Retirement	Pair Corr
0.62	BRMPX	Blackrock Moderate	Pair Corr
0.7	BAAPX	Blackrock Aggressive	Pair Corr

Related Correlations Analysis

	PRCCX	LCFSX	PHIKX	CNSIX	VICIX	ARBOX	GACCX
PRCCX		0.99	0.99	0.86	0.79	0.77	0.85	PRCCX
LCFSX	0.99		0.99	0.84	0.76	0.78	0.9	LCFSX
PHIKX	0.99	0.99		0.86	0.78	0.77	0.86	PHIKX
CNSIX	0.86	0.84	0.86		0.83	0.95	0.83	CNSIX
VICIX	0.79	0.76	0.78	0.83		0.77	0.75	VICIX
ARBOX	0.77	0.78	0.77	0.95	0.77		0.85	ARBOX
GACCX	0.85	0.9	0.86	0.83	0.75	0.85		GACCX
	PRCCX	LCFSX	PHIKX	CNSIX	VICIX	ARBOX	GACCX

Risk-Adjusted Indicators

There is a big difference between Mkeax Mutual Fund performing well and Mkeax 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 Mkeax'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
PRCCX	0.68	0.06	0.05	0.17	0.67	(0.74)	1.52	(1.37)	3.83
LCFSX	0.76	0.10	0.08	0.23	0.75	(0.81)	1.95	(1.45)	4.09
PHIKX	0.71	0.09	0.08	0.21	0.66	(0.76)	1.68	(1.42)	3.85
CNSIX	0.93	0.19	0.21	0.25	0.61	(1.13)	1.88	(1.60)	12.89
VICIX	0.29	0.00	(0.12)	0.09	0.29	(0.33)	0.54	(0.61)	1.87
ARBOX	0.11	0.08	0.10	(3.33)	0.00	(0.20)	0.17	(0.09)	3.52
GACCX	0.43	0.17	0.17	(1.46)	0.14	(0.50)	0.88	(0.70)	2.47

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Mkeax Correlations

Mkeax Correlation With Market

Very weak diversification

Moving together with Mkeax Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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