Blackrock Inflation Correlations

Mutual Funds . USA . 
Fund . Blackrock Inflation Protected
BPRAX Fund  USD 9.55  0.01  0.10%   
The current 90-days correlation between Blackrock Inflation and Blackrock California Municipal is 0.47 (i.e., Very weak diversification). The correlation of Blackrock Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between Blackrock Inflation Protected and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Inflation Protected 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 Inflation Protected. 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 nation.

Moving together with Blackrock Mutual Fund

  0.71MKCPX Blackrock BalancedPairCorr
  0.71MKEAX MkeaxPairCorr
  0.66MKEFX Blackrock Eurofund ClassPairCorr
  0.76MKECX Blackrock FundsPairCorr
  0.75MKDCX Blackrock EmergingPairCorr
  0.77MKDVX Blackrock Equity DividendPairCorr
  0.76MKGCX Blackrock AdvantagePairCorr
  0.72MKFOX Blackrock Large CapPairCorr
  0.76BRAPX Blackrock AggressivePairCorr
  0.9BRAMX Bats Series MPairCorr
  0.91BRACX Bats Series CPairCorr
  0.66MKNJX Blackrock New JerseyPairCorr
  0.73MKLOX Blackrock Global AllPairCorr
  0.64BRBCX Blackrock TacticalPairCorr
  0.91BRASX Bats Series SPairCorr
  0.85BRCPX Blackrock ConservativePairCorr
  0.76BRGNX Blckrck Fdsiii RssllPairCorr
  0.78BRGPX Blackrock Gwth PreparedPairCorr
  0.76BRGKX Blckrck Fds IiiPairCorr
  0.76BRGAX Blckrck Fdsiii RssllPairCorr
  0.81BRIAX Blackrock RetirementPairCorr
  0.82BRHYX Blackrock Hi YldPairCorr
  0.73MKSCX Blackrock FundsPairCorr
  0.73MKSPX Blackrock Advantage TotalPairCorr
  0.81BRIDX Blackrock RetirementPairCorr
  0.81BRIEX Blackrock RetirementPairCorr
  0.81BRICX Blackrock RetirementPairCorr
  0.74BRMIX Blackrock Midcap IndexPairCorr
  0.85MKWIX Blackrock StrategicPairCorr
  0.74BRMAX Blackrock Midcap IndexPairCorr
  0.8BRMPX Blackrock ModeratePairCorr
  0.74BRMKX Blackrock Midcap IndexPairCorr
  0.67BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Inflation 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 Inflation'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
MKCMX  0.15 (0.02) 0.00 (0.74) 0.00 
 0.00 
 0.35 
(0.43)
 1.30 
MKCPX  0.38  0.02 (0.06) 0.18  0.68 
(0.39)
 0.97 
(0.79)
 5.02 
MKEAX  0.83  0.15  0.16  0.28  0.53 
(1.04)
 2.45 
(1.65)
 5.46 
MKEFX  0.75  0.08  0.01  0.28  1.23 
(0.83)
 1.58 
(1.13)
 9.01 
MKECX  0.58  0.19  0.18  0.54  0.17 
(0.78)
 1.60 
(0.79)
 4.61 
MKDCX  0.53  0.18  0.15  0.60  0.00 
(0.65)
 1.56 
(1.04)
 4.09 
MKDVX  0.59  0.04  0.01  0.19  0.65 
(0.66)
 1.52 
(1.18)
 4.22 
MKGCX  0.51  0.12  0.10  0.30  0.31 
(0.56)
 1.58 
(1.19)
 3.54 
MKFOX  0.96  0.12  0.09  0.25  1.06 
(1.14)
 2.71 
(1.60)
 8.66 
MKILX  0.57  0.04 (0.03) 0.21  0.52 
(0.64)
 1.36 
(0.95)
 3.48 

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