| BKGPX Fund | | | USD 16.21 0.01 0.06% |
The current 90-days correlation between Blackrock 6040 Target and Needham Aggressive Growth is 0.81 (i.e., Very poor diversification). The correlation of Blackrock 6040 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 6040 Correlation With Market
Very poor diversification
The correlation between Blackrock 6040 Target and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock 6040 Target and DJI in the same portfolio, assuming nothing else is changed.
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