Blackrock Intl Correlations

Mutual Funds . USA . 
Fund . Blackrock Intl Fd
BIFRX Fund  USD 20.06  0.15  0.74%   
The current 90-days correlation between Blackrock Intl Fd and Blackrock California Municipal is 0.14 (i.e., Average diversification). The correlation of Blackrock Intl 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 Intl Correlation With Market

Poor diversification

The correlation between Blackrock Intl Fd and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Intl Fd 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 Intl Fd. 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 metropolitan statistical area.

Moving together with Blackrock Mutual Fund

  0.94MKCPX Blackrock BalancedPairCorr
  0.94MKEAX MkeaxPairCorr
  0.95MKEFX Blackrock Eurofund ClassPairCorr
  0.9MKECX Blackrock FundsPairCorr
  0.9MKDCX Blackrock EmergingPairCorr
  0.9MKDVX Blackrock Equity DividendPairCorr
  0.92MKGCX Blackrock AdvantagePairCorr
  0.93MKFOX Blackrock Large CapPairCorr
  1.0MKILX Blackrock International Potential GrowthPairCorr
  0.92BRAPX Blackrock AggressivePairCorr
  0.74BRACX Bats Series CPairCorr
  0.68MKNJX Blackrock New JerseyPairCorr
  0.91MKLOX Blackrock Global AllPairCorr
  0.88BRBCX Blackrock TacticalPairCorr
  0.75BRASX Bats Series SPairCorr
  0.86BRCPX Blackrock ConservativePairCorr
  0.9BRGNX Blckrck Fdsiii RssllPairCorr
  0.91BRGPX Blackrock Gwth PreparedPairCorr
  0.9BRGKX Blckrck Fds IiiPairCorr
  0.9BRGAX Blckrck Fdsiii RssllPairCorr
  0.91BRIAX Blackrock RetirementPairCorr
  0.87BRHYX Blackrock Hi YldPairCorr
  0.94MKSCX Blackrock FundsPairCorr
  0.92MKSPX Blackrock Advantage TotalPairCorr
  0.92BRIDX Blackrock RetirementPairCorr
  0.92BRIEX Blackrock RetirementPairCorr
  0.91BRICX Blackrock RetirementPairCorr
  0.91BRMIX Blackrock Midcap IndexPairCorr
  0.72MKWIX Blackrock StrategicPairCorr
  0.91BRMAX Blackrock Midcap IndexPairCorr
  0.9BRMPX Blackrock ModeratePairCorr
  0.91BRMKX Blackrock Midcap IndexPairCorr
  0.97BROKX 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 Intl 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 Intl'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  0.15 (0.02) 0.00 (0.74) 0.00 
 0.00 
 0.35 
(0.43)
 1.30 
MKCPX  0.38  0.02 (0.06) 0.18  0.68 
(0.39)
 0.97 
(0.79)
 5.02 
MKEAX  0.83  0.15  0.16  0.28  0.53 
(1.04)
 2.45 
(1.65)
 5.46 
MKEFX  0.75  0.08  0.01  0.28  1.23 
(0.83)
 1.58 
(1.13)
 9.01 
MKECX  0.58  0.19  0.18  0.54  0.17 
(0.78)
 1.60 
(0.79)
 4.61 
MKDCX  0.53  0.18  0.15  0.60  0.00 
(0.65)
 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  0.51  0.12  0.10  0.30  0.31 
(0.56)
 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  0.04 (0.03) 0.21  0.52 
(0.64)
 1.36 
(0.95)
 3.48 

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