Blackrock International Correlations

MKILX Fund

USD 19.43 0.08 0.41%

The current 90-days correlation between Blackrock International and The Hartford Small is 0.56 (i.e., Very weak diversification). The correlation of Blackrock International 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 International Correlation With Market

Good diversification

The correlation between Blackrock International and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock International 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 International. 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 bureau of economic analysis.

Moving together with Blackrock Mutual Fund

0.87	VGTSX	Vanguard Total Inter	Pair Corr
0.87	VTIAX	Vanguard Total Inter	Pair Corr
0.87	VTSNX	Vanguard Total Inter	Pair Corr
0.87	VTPSX	Vanguard Total Inter	Pair Corr
0.87	VTISX	Vanguard Total Inter	Pair Corr
0.83	VTMGX	Vanguard Developed	Pair Corr
0.97	VDVIX	Vanguard Developed	Pair Corr
0.83	VTMNX	Vanguard Developed	Pair Corr
0.97	VDIPX	Vanguard Developed	Pair Corr
0.82	FSPSX	Fidelity International	Pair Corr
0.67	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Blackrock Mutual Fund

0.69	FTCAX	Templeton Strained Bond	Pair Corr
0.54	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.53	PYARX	Payden Absolute Return	Pair Corr
0.49	PYAIX	Payden Absolute Return	Pair Corr
0.46	BCAAX	Brandywineglobal C	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.65	BAC	Bank of America Aggressive Push	Pair Corr
0.57	DIS	Walt Disney Aggressive Push	Pair Corr
0.49	CSCO	Cisco Systems	Pair Corr
0.4	T	ATT Inc Aggressive Push	Pair Corr
0.36	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.32	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	HSLIX	IUSCX	AATSX	QUAKX	GLVIX	TVOYX
HSLIX		0.97	0.97	0.98	0.77	0.97	HSLIX
IUSCX	0.97		0.95	0.91	0.7	0.97	IUSCX
AATSX	0.97	0.95		0.95	0.72	0.98	AATSX
QUAKX	0.98	0.91	0.95		0.83	0.94	QUAKX
GLVIX	0.77	0.7	0.72	0.83		0.72	GLVIX
TVOYX	0.97	0.97	0.98	0.94	0.72		TVOYX
	HSLIX	IUSCX	AATSX	QUAKX	GLVIX	TVOYX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock International 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 International'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
HSLIX	0.91	0.09	(0.01)	(3.91)	1.09	(0.96)	1.94	(1.90)	6.85
IUSCX	0.93	0.07	(0.03)	(4.95)	1.04	(1.14)	1.95	(1.69)	8.00
AATSX	0.77	0.14	0.04	13.77	0.77	(0.85)	2.10	(1.37)	4.86
QUAKX	0.92	0.15	0.04	5.01	1.08	(0.97)	1.92	(2.15)	6.77
GLVIX	0.72	(0.04)	(0.05)	0.05	0.93	(0.76)	1.50	(1.89)	5.09
TVOYX	0.76	0.11	0.01	(1.77)	0.72	(0.93)	1.70	(1.42)	6.73

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