Blackrock Acwi Correlations

Mutual Funds . USA . 
Fund . Blackrock Acwi Exus
BDOAX Fund  USD 11.39  0.02  0.18%   
The current 90-days correlation between Blackrock Acwi Exus and Blackrock California Municipal is 0.15 (i.e., Average diversification). The correlation of Blackrock Acwi 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 Acwi Correlation With Market

Poor diversification

The correlation between Blackrock Acwi Exus and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Acwi Exus and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Acwi Exus. 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 Blackrock Mutual Fund

  0.97MKCPX Blackrock BalancedPairCorr
  0.97MKEAX MkeaxPairCorr
  0.97MKEFX Blackrock Eurofund ClassPairCorr
  0.99MKECX Blackrock FundsPairCorr
  0.98MKDCX Blackrock EmergingPairCorr
  0.97MKDVX Blackrock Equity DividendPairCorr
  0.98MKGCX Blackrock AdvantagePairCorr
  0.98MKFOX Blackrock Large CapPairCorr
  0.94MKILX Blackrock International Potential GrowthPairCorr
  0.98BRAPX Blackrock AggressivePairCorr
  0.61BRAMX Bats Series MPairCorr
  0.87BRACX Bats Series CPairCorr
  0.73MKNJX Blackrock New JerseyPairCorr
  0.96MKLOX Blackrock Global AllPairCorr
  0.95BRBCX Blackrock TacticalPairCorr
  0.9BRASX Bats Series SPairCorr
  0.97BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.99BRGPX Blackrock Gwth PreparedPairCorr
  0.98BRGKX Blckrck Fds IiiPairCorr
  0.97BRGAX Blckrck Fdsiii RssllPairCorr
  0.97BRIAX Blackrock RetirementPairCorr
  0.98BRHYX Blackrock Hi YldPairCorr
  0.98MKSCX Blackrock FundsPairCorr
  0.97MKSPX Blackrock Advantage TotalPairCorr
  0.97BRIDX Blackrock RetirementPairCorr
  0.97BRIEX Blackrock RetirementPairCorr
  0.97BRICX Blackrock RetirementPairCorr
  0.97BRMIX Blackrock Midcap IndexPairCorr
  0.86MKWIX Blackrock StrategicPairCorr
  0.97BRMAX Blackrock Midcap IndexPairCorr
  0.99BRMPX Blackrock ModeratePairCorr
  0.97BRMKX Blackrock Midcap IndexPairCorr
  0.96BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Acwi 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 Acwi'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MKCMX  0.16 (0.01)(0.57)(0.69) 0.18 
(0.20)
 0.43 
(0.43)
 1.21 
MKCPX  0.40  0.09 (0.05)(6.03) 0.73 
(0.40)
 0.97 
(0.79)
 2.06 
MKEAX  0.82  0.30  0.17 (4.52) 0.53 
(1.02)
 2.45 
(1.65)
 5.46 
MKEFX  0.74  0.16  0.02  12.40  1.22 
(0.83)
 1.58 
(1.13)
 4.72 
MKECX  0.58  0.19  0.18  0.54  0.17 
(0.78)
 1.60 
(0.79)
 4.61 
MKDCX  0.54  0.24  0.18  4.39  0.00 
(0.69)
 1.56 
(1.04)
 4.09 
MKDVX  0.59  0.04  0.01  0.19  0.65 
(0.66)
 1.52 
(1.18)
 4.22 
MKGCX  0.52  0.23  0.11 (2.81) 0.30 
(0.57)
 1.58 
(1.19)
 3.54 
MKFOX  0.96  0.12  0.09  0.25  1.06 
(1.14)
 2.71 
(1.60)
 8.66 
MKILX  0.57  0.14  0.00 (2.70) 0.49 
(0.64)
 1.36 
(0.95)
 3.48 

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