Blackrock Alternative Correlations

The correlation of Blackrock Alternative 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.

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Pair Corr

Related Correlations Analysis

	PGFMX	MSVIX	FTIXX	SBFAX	RMBLX	ICFAX
PGFMX		0.98	0.73	0.93	0.82	0.64	PGFMX
MSVIX	0.98		0.7	0.97	0.9	0.67	MSVIX
FTIXX	0.73	0.7		0.64	0.64	0.33	FTIXX
SBFAX	0.93	0.97	0.64		0.94	0.69	SBFAX
RMBLX	0.82	0.9	0.64	0.94		0.55	RMBLX
ICFAX	0.64	0.67	0.33	0.69	0.55		ICFAX
	PGFMX	MSVIX	FTIXX	SBFAX	RMBLX	ICFAX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Alternative 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 Alternative'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PGFMX	0.32	0.06	(0.05)	0.28	0.22	(0.37)	0.77	(0.64)	2.42
MSVIX	0.80	0.09	0.08	0.22	0.77	(0.93)	2.01	(1.73)	5.72
FTIXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
SBFAX	0.67	0.03	0.01	0.16	0.69	(0.76)	1.87	(1.79)	5.39
RMBLX	1.12	0.15	0.11	0.28	1.01	(1.23)	2.53	(2.45)	5.97
ICFAX	0.78	0.13	0.10	0.30	0.69	(0.95)	2.16	(1.24)	5.58

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Blackrock Alternative Correlations

Moving together with Blackrock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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