BlackRock MIT Correlations

BLE Stock

USD 9.69 0.10 1.02%

The current 90-days correlation between BlackRock MIT II and BlackRock Municipal Income is 0.78 (i.e., Poor diversification). The correlation of BlackRock MIT 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.

BlackRock MIT Correlation With Market

Very weak diversification

The correlation between BlackRock MIT II and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock MIT II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackRock Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock MIT II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with BlackRock Stock

0.66

AllianceBernstein Earnings Call This Week

Pair Corr

Moving against BlackRock Stock

0.41

HRZN

Horizon Technology

Pair Corr

Related Correlations Analysis

	BFK	MHD	BYM	BTZ	VKQ	BKN	BTA	MVT
BFK		0.9	0.8	0.27	0.85	0.72	0.86	0.82	BFK
MHD	0.9		0.88	0.47	0.8	0.77	0.86	0.9	MHD
BYM	0.8	0.88		0.43	0.77	0.7	0.9	0.91	BYM
BTZ	0.27	0.47	0.43		0.1	0.63	0.4	0.55	BTZ
VKQ	0.85	0.8	0.77	0.1		0.53	0.82	0.7	VKQ
BKN	0.72	0.77	0.7	0.63	0.53		0.78	0.84	BKN
BTA	0.86	0.86	0.9	0.4	0.82	0.78		0.9	BTA
MVT	0.82	0.9	0.91	0.55	0.7	0.84	0.9		MVT
	BFK	MHD	BYM	BTZ	VKQ	BKN	BTA	MVT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock MIT Company 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 MIT'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
BFK	0.48	(0.01)	(0.16)	0.08	0.60	(0.57)	1.06	(0.73)	3.90
MHD	0.50	(0.04)	(0.15)	0.03	0.68	(0.52)	1.17	(1.17)	3.32
BYM	0.50	(0.07)	0.00	(0.09)	0.00	0.00	0.97	(0.87)	3.31
BTZ	0.36	0.14	0.06	1.08	0.00	(0.52)	0.97	(0.40)	2.28
VKQ	0.48	(0.07)	0.00	(0.06)	0.00	0.00	0.89	(0.98)	2.67
BKN	0.45	0.05	(0.11)	(0.63)	0.62	(0.57)	1.06	(0.74)	4.10
BTA	0.50	(0.06)	0.00	(0.03)	0.00	0.00	1.32	(0.88)	4.02
MVT	0.46	(0.06)	0.00	(0.03)	0.00	0.00	0.91	(0.98)	3.12

BlackRock MIT Corporate Management

Henry Gabbay	Independent Trustee	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer	Profile
Frank Fabozzi	Independent Trustee	Profile
J Holloman	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC