Blackrock Emerging Correlations

Mutual Funds . USA . 
Fund . Blackrock Emerging Markets
BLSIX Fund  USD 11.46  0.07  0.61%   
The current 90-days correlation between Blackrock Emerging and Vanguard Emerging Markets is 0.99 (i.e., No risk reduction). The correlation of Blackrock Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Blackrock Emerging Markets and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Emerging Markets 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 Emerging Markets. 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 gross domestic product.

Moving together with Blackrock Mutual Fund

  0.99MKCPX Blackrock BalancedPairCorr
  0.96MKEAX MkeaxPairCorr
  0.97MKEFX Blackrock Eurofund ClassPairCorr
  0.99MKECX Blackrock FundsPairCorr
  1.0MKDCX Blackrock EmergingPairCorr
  0.98MKDVX Blackrock Equity DividendPairCorr
  0.98MKGCX Blackrock AdvantagePairCorr
  0.97MKFOX Blackrock Large CapPairCorr
  0.95MKILX Blackrock InternationalPairCorr
  0.98BRAPX Blackrock AggressivePairCorr
  0.77BRACX Bats Series CPairCorr
  0.98MKLOX Blackrock Global AllPairCorr
  0.94BRBCX Blackrock TacticalPairCorr
  0.82BRASX Bats Series SPairCorr
  0.96BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.98BRGPX Blackrock Gwth PreparedPairCorr
  0.98BRGKX Blckrck Fds IiiPairCorr
  0.98BRGAX Blckrck Fdsiii RssllPairCorr
  0.98BRIAX Blackrock RetirementPairCorr
  0.98BRHYX Blackrock Hi YldPairCorr
  0.98MKSCX Blackrock FundsPairCorr
  0.97MKSPX Blackrock Advantage TotalPairCorr
  0.98BRIDX Blackrock RetirementPairCorr
  0.98BRIEX Blackrock RetirementPairCorr
  0.98BRICX Blackrock RetirementPairCorr
  0.98BRMIX Blackrock Midcap IndexPairCorr
  0.86MKWIX Blackrock StrategicPairCorr
  0.98BRMAX Blackrock Midcap IndexPairCorr
  0.98BRMPX Blackrock ModeratePairCorr
  0.98BRMKX Blackrock Midcap IndexPairCorr
  0.96BROKX Blackrock AdvantagePairCorr

Moving against Blackrock Mutual Fund

  0.33BREBX Blackrock InternationalPairCorr

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 Emerging 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 Emerging'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
VEMAX  0.76  0.10  0.03  0.27  1.19 
(0.72)
 2.32 
(1.73)
 5.50 
VEIEX  0.76  0.09  0.03  0.26  1.22 
(0.72)
 2.32 
(1.77)
 5.56 
VEMIX  0.76  0.10  0.03  0.27  1.21 
(0.72)
 2.32 
(1.78)
 5.51 
VEMRX  0.76  0.10  0.03  0.27  1.19 
(0.72)
 2.32 
(1.77)
 5.53 
FWWNX  0.74  0.13  0.07  0.29  1.22 
(0.74)
 1.94 
(1.20)
 6.70 
FNFWX  0.74  0.13  0.07  0.29  1.18 
(0.74)
 1.94 
(1.20)
 6.68 
NEWFX  0.74  0.13  0.07  0.29  1.22 
(0.73)
 1.94 
(1.21)
 6.70 
NWFFX  0.74  0.13  0.07  0.29  1.23 
(0.74)
 1.94 
(1.20)
 6.69 
NEWCX  0.74  0.13  0.06  0.29  1.20 
(0.73)
 1.93 
(1.21)
 6.69 
ODVYX  0.82  0.07  0.02  0.21  1.24 
(0.79)
 2.35 
(2.09)
 6.79 

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