Blackrock 60/40 Correlations

Mutual Funds . USA . 
Fund . Blackrock 6040 Target
BKGPX Fund  USD 16.12  0.05  0.31%   
The current 90-days correlation between Blackrock 6040 Target and Qs Global Equity is 0.48 (i.e., Very weak diversification). The correlation of Blackrock 60/40 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 60/40 Correlation With Market

Very weak diversification

The correlation between Blackrock 6040 Target and DJI is 0.53 (i.e., Very weak 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock 6040 Target. 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

  0.67MKCMX Blackrock CaliforniaPairCorr
  0.98MKCPX Blackrock BalancedPairCorr
  0.9MKECX Blackrock FundsPairCorr
  0.93MKDVX Blackrock Equity DividendPairCorr
  0.93MKILX Blackrock InternationalPairCorr
  0.83BRACX Bats Series CPairCorr
  0.91MKLOX Blackrock Global AllPairCorr
  0.94BRBCX Blackrock TacticalPairCorr
  0.81BRASX Bats Series SPairCorr
  0.92BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.94BRGPX Blackrock Gwth PreparedPairCorr
  0.98BRGKX Blckrck Fds IiiPairCorr
  0.98BRGAX Blckrck Fdsiii RssllPairCorr
  0.66BRIAX Blackrock RetirementPairCorr
  0.98BRHYX Blackrock Hi YldPairCorr
  0.93MKSPX Blackrock Advantage TotalPairCorr
  0.99BRIDX Blackrock RetirementPairCorr
  0.61BRIEX Blackrock RetirementPairCorr
  0.66BRICX Blackrock RetirementPairCorr
  0.97BRMIX Blackrock Midcap IndexPairCorr
  0.86MKWIX Blackrock StrategicPairCorr
  0.97BRMAX Blackrock Midcap IndexPairCorr
  0.62BRMPX Blackrock ModeratePairCorr
  0.92BRMKX Blackrock Midcap IndexPairCorr
  0.95BROKX Blackrock AdvantagePairCorr
  0.85BROCX Backrock Glbl OpprtntsPairCorr
  0.95BROAX Blackrock Global OppPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock 60/40 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 60/40'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.

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