Blackrock Gwth Correlations

Mutual Funds . USA . 
Fund . Blackrock Gwth Ptf
BIGPX Fund  USD 16.22  0.06  0.37%   
The current 90-days correlation between Blackrock Gwth Ptf and Blackrock California Municipal is 0.15 (i.e., Average diversification). The correlation of Blackrock Gwth 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 Gwth Correlation With Market

Very poor diversification

The correlation between Blackrock Gwth Ptf and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gwth Ptf 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 Gwth Ptf. 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 american community survey.

Moving together with Blackrock Mutual Fund

  0.96MKCPX Blackrock BalancedPairCorr
  0.68MKEAX MkeaxPairCorr
  0.94MKEFX Blackrock Eurofund ClassPairCorr
  0.99MKECX Blackrock FundsPairCorr
  0.98MKDCX Blackrock EmergingPairCorr
  0.98MKDVX Blackrock Equity DividendPairCorr
  0.67MKGCX Blackrock AdvantagePairCorr
  0.99MKFOX Blackrock Large CapPairCorr
  0.91MKILX Blackrock International Potential GrowthPairCorr
  1.0BRAPX Blackrock AggressivePairCorr
  0.83MKLOX Blackrock Global AllPairCorr
  0.95BRBCX Blackrock TacticalPairCorr
  0.99BRCPX Blackrock ConservativePairCorr
  1.0BRGNX Blckrck Fdsiii RssllPairCorr
  0.66BRGPX Blackrock Gwth PreparedPairCorr
  0.64BRGKX Blckrck Fds IiiPairCorr
  0.64BRGAX Blckrck Fdsiii RssllPairCorr
  0.99BRIAX Blackrock RetirementPairCorr
  0.64BRHYX Blackrock Hi YldPairCorr
  0.77MKSCX Blackrock FundsPairCorr
  0.74MKSPX Blackrock Advantage TotalPairCorr
  0.69BRIDX Blackrock RetirementPairCorr
  0.99BRIEX Blackrock RetirementPairCorr
  0.67BRICX Blackrock RetirementPairCorr
  0.99BRMIX Blackrock Midcap IndexPairCorr
  0.63MKWIX Blackrock StrategicPairCorr
  0.64BRMAX Blackrock Midcap IndexPairCorr
  1.0BRMPX Blackrock ModeratePairCorr
  0.99BRMKX Blackrock Midcap IndexPairCorr
  0.93BROKX Blackrock AdvantagePairCorr

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 Gwth 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 Gwth'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  0.77  0.30  0.26  1.54  0.08 
(0.99)
 2.36 
(0.92)
 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  0.46  0.23  0.17  4.93  0.00 
(0.54)
 1.45 
(0.82)
 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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