Blackrock Gov Correlations

Mutual Funds . USA . 
Fund . Blackrock Gov Bd
BIGCX Fund  USD 9.12  0.01  0.11%   
The current 90-days correlation between Blackrock Gov Bd and Blackrock California Municipal is -0.14 (i.e., Good diversification). The correlation of Blackrock Gov 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 Gov Correlation With Market

Modest diversification

The correlation between Blackrock Gov Bd and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gov Bd 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 Gov Bd. 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

  0.9BRAMX Bats Series MPairCorr
  0.84BRACX Bats Series CPairCorr
  0.77BRASX Bats Series SPairCorr
  0.67BRCPX Blackrock ConservativePairCorr
  0.61BRHYX Blackrock Hi YldPairCorr
  0.79MKWIX Blackrock StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Gov 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 Gov'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 (0.89) 0.00 
 0.00 
 0.35 
(0.43)
 1.30 
MKCPX  0.37  0.02 (0.08) 0.23  0.67 
(0.39)
 0.97 
(0.74)
 5.02 
MKEAX  0.83  0.29  0.12 (3.26) 0.53 
(1.04)
 2.45 
(1.65)
 5.46 
MKEFX  0.73  0.11 (0.03) 1.82  1.24 
(0.80)
 1.58 
(1.13)
 9.01 
MKECX  0.56  0.17  0.13  0.56  0.06 
(0.76)
 1.60 
(0.78)
 4.61 
MKDCX  0.52  0.21  0.09  2.90  0.00 
(0.65)
 1.56 
(1.04)
 4.09 
MKDVX  0.57  0.05  0.00  0.23  0.58 
(0.67)
 1.52 
(1.12)
 4.22 
MKGCX  0.51  0.22  0.05 (2.72) 0.31 
(0.56)
 1.58 
(1.19)
 3.54 
MKFOX  0.93  0.12  0.09  0.30  0.93 
(1.13)
 2.71 
(1.55)
 8.66 
MKILX  0.57  0.11 (0.09)(4.02) 0.52 
(0.64)
 1.36 
(0.95)
 3.48 

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