Blackrock Alternative Correlations
| BMBCX Fund | USD 10.17 0.01 0.1% |
The current 90-days correlation between Blackrock Alternative and Auer Growth Fund is -0.23 (i.e., Very good diversification). 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.
Blackrock Alternative Correlation With Market
Good diversification
The correlation between Blackrock Alternative Capital and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Alternative Capital and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Mutual Fund
Related Correlations Analysis
| 0.97 | 0.96 | 0.96 | 0.97 | 0.97 | AUERX | ||
| 0.97 | 1.0 | 1.0 | 1.0 | 1.0 | UOPSX | ||
| 0.96 | 1.0 | 1.0 | 1.0 | 0.99 | TRSAX | ||
| 0.96 | 1.0 | 1.0 | 1.0 | 1.0 | LANIX | ||
| 0.97 | 1.0 | 1.0 | 1.0 | 0.99 | TRBCX | ||
| 0.97 | 1.0 | 0.99 | 1.0 | 0.99 | FLDFX | ||
| 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUERX | 0.60 | 0.19 | 0.14 | 0.61 | 0.34 | 1.48 | 3.03 | |||
| UOPSX | 1.57 | 0.34 | 0.22 | 0.30 | 1.46 | 4.68 | 10.75 | |||
| TRSAX | 0.81 | 0.17 | 0.17 | 0.30 | 0.64 | 2.41 | 5.43 | |||
| LANIX | 0.53 | 0.10 | 0.08 | 0.26 | 0.42 | 1.63 | 4.08 | |||
| TRBCX | 0.84 | 0.17 | 0.17 | 0.30 | 0.69 | 2.50 | 5.73 | |||
| FLDFX | 0.40 | 0.06 | 0.00 | 0.24 | 0.24 | 1.27 | 2.84 |