Blackrock Funds Correlations

MKECX Fund

11.51 0.04 0.35%

The current 90-days correlation between Blackrock Funds and Vanguard Emerging Markets is 0.68 (i.e., Poor diversification). The correlation of Blackrock Funds 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 Funds Correlation With Market

Significant diversification

The correlation between Blackrock Funds and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Funds 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 Funds . 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

0.89	MKEFX	Blackrock Eurofund Class	Pair Corr
0.64	MKDCX	Blackrock Emerging	Pair Corr
0.81	MKILX	Blackrock International	Pair Corr
0.85	BREKX	Blackrock International	Pair Corr
0.84	BRECX	Blackrock International	Pair Corr
0.84	BREAX	Blackrock International	Pair Corr
0.79	BROKX	Blackrock Advantage	Pair Corr

Moving against Blackrock Mutual Fund

0.37

BRBCX

Blackrock Tactical

Pair Corr

Related Correlations Analysis

	VEMAX	VEIEX	VEMIX	FNFWX	NWFFX
VEMAX		0.96	0.96	0.93	0.86	VEMAX
VEIEX	0.96		1.0	0.9	0.92	VEIEX
VEMIX	0.96	1.0		0.9	0.92	VEMIX
FNFWX	0.93	0.9	0.9		0.94	FNFWX
NWFFX	0.86	0.92	0.92	0.94		NWFFX
	VEMAX	VEIEX	VEMIX	FNFWX	NWFFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Funds 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 Funds' 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
VEMAX	0.73	0.04	(0.08)	(0.33)	0.86	(0.80)	1.57	(1.68)	4.60
VEIEX	0.74	(0.03)	(0.09)	0.04	0.86	(0.81)	1.55	(1.68)	4.60
VEMIX	0.73	(0.02)	(0.09)	0.04	0.86	(0.81)	1.56	(1.69)	4.60
FNFWX	0.56	(0.01)	0.00	0.25	0.00	0.00	1.26	(1.31)	3.79
NWFFX	0.56	(0.07)	0.00	(0.05)	0.00	0.00	1.26	(1.31)	3.78

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