Blackrock International Correlations

Funds . USA . 
Fund . Blackrock International Growth
BGY Fund  USD 5.70  0.08  1.38%   
The current 90-days correlation between Blackrock International and Eaton Vance Tax is 0.55 (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

Very weak diversification

The correlation between Blackrock International Growth and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock International Growth 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 International Growth. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Blackrock Fund

  0.79SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.79SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.85TTEEX T Rowe PricePairCorr
  0.85TREMX T Rowe PricePairCorr
  0.82FIKGX Fidelity Advisor SemPairCorr
  0.85ONERX One Rock Fund Steady GrowthPairCorr
  0.82FELCX Fidelity Advisor SemPairCorr
  0.82FELIX Fidelity Advisor SemPairCorr
  0.82FSELX Fidelity Select SemiPairCorr
  0.82FELAX Fidelity Advisor SemPairCorr
  0.88NWHZX Nationwide Geneva SmallPairCorr
  0.66TGRKX Tiaa Cref GreenPairCorr
  0.82PSHAX Short Term FundPairCorr
  0.74PYSIX Payden Strategic IncomePairCorr
  0.9JTRBX Jpmorgan SmartretirementPairCorr
  0.88CYYYX Columbia ThermostatPairCorr
  0.91GCMUX Goldman Sachs MidPairCorr
  0.93MMUJX Mfs UtilitiesPairCorr
  0.91NWASX Nationwide DestinationPairCorr
  0.88BSMKX Blackrock Smallmid CapPairCorr
  0.84SBQAX Americafirst Large CapPairCorr
  0.81PPILX Deutsche Short DurationPairCorr
  0.81NREEX Neuberger Berman RealPairCorr
  0.85PRIKX T Rowe PricePairCorr
  0.88SSCVX Columbia Select SmallerPairCorr
  0.92RPEIX T Rowe PricePairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.88MIGFX Massachusetts InvestorsPairCorr
  0.84ROGSX Red Oak TechnologyPairCorr
  0.88GGCCX Gabelli GrowthPairCorr
  0.88FAQTX American Funds 2035PairCorr
  0.9PDARX Diversified Real AssetPairCorr
  0.89HSIIX Eagle Small CapPairCorr
  0.88JFQUX Jpmorgan InvestorPairCorr
  0.91NTDSX Nationwide DestinationPairCorr
  0.74MLXIX Catalyst Mlp Infrast Steady GrowthPairCorr
  0.67PNJRX Putnam New JerseyPairCorr
  0.72FPHAX Pharmaceuticals PortfolioPairCorr
  0.87GVALX Gotham Large ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blackrock Fund performing well and Blackrock International 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BDJ  0.68  0.03 (0.01) 0.15  0.87 
(0.68)
 1.36 
(1.28)
 4.31 
ETY  0.75  0.13  0.09  0.26  0.88 
(0.78)
 1.79 
(1.15)
 4.88 
BCX  0.72  0.16  0.09  0.55  0.71 
(0.84)
 1.49 
(1.24)
 4.42 
BLE  0.59  0.08 (0.07)(0.34) 0.78 
(0.65)
 1.45 
(1.00)
 4.57 
CII  0.68  0.16  0.11  0.31  0.74 
(0.76)
 1.80 
(0.93)
 4.29 
BOE  0.64  0.09  0.05  0.26  0.48 
(0.80)
 1.88 
(0.99)
 4.10 
ETV  0.72  0.05  0.02  0.17  0.94 
(0.73)
 1.98 
(1.29)
 4.13 
EXG  0.64  0.12  0.07  0.30  0.82 
(0.68)
 1.54 
(1.70)
 4.59 
ETW  0.62  0.06  0.03  0.21  0.75 
(0.69)
 1.57 
(1.04)
 4.48 
ETJ  0.62  0.02 (0.03) 0.15  0.92 
(0.68)
 1.44 
(0.89)
 3.90 

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