Blackrock Aggressive Correlations

BRAPX Fund

USD 17.62 0.08 0.46%

The current 90-days correlation between Blackrock Aggressive and Locorr Strategic Allocation is 0.87 (i.e., Very poor diversification). The correlation of Blackrock Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Blackrock Aggressive Gwthprprd and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Aggressive Gwthprprd 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 Aggressive Gwthprprdptfinvstrr. 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

0.77	MKCPX	Blackrock Balanced	Pair Corr
0.75	MKEFX	Blackrock Eurofund Class	Pair Corr
0.77	MKECX	Blackrock Funds	Pair Corr
0.74	MKDVX	Blackrock Equity Dividend	Pair Corr
0.68	MKILX	Blackrock International	Pair Corr
0.84	BRBCX	Blackrock Tactical	Pair Corr
0.96	BRCPX	Blackrock Conservative	Pair Corr
0.75	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.98	BRIAX	Blackrock Retirement	Pair Corr
0.83	BRIEX	Blackrock Retirement	Pair Corr
0.98	BRMIX	Blackrock Midcap Index	Pair Corr
0.86	BRMPX	Blackrock Moderate	Pair Corr
0.84	BRMKX	Blackrock Midcap Index	Pair Corr
0.7	BROKX	Blackrock Advantage	Pair Corr

Moving against Blackrock Mutual Fund

0.43

MKNKX

Blackrock New York

Pair Corr

Related Correlations Analysis

	LSAIX	LCIAX	LGPSX	JAAIX	FMTIX	FLRAX	PBLIX
LSAIX		0.51	0.51	0.85	0.49	0.54	0.49	LSAIX
LCIAX	0.51		1.0	0.65	1.0	1.0	1.0	LCIAX
LGPSX	0.51	1.0		0.65	0.99	0.99	1.0	LGPSX
JAAIX	0.85	0.65	0.65		0.63	0.67	0.63	JAAIX
FMTIX	0.49	1.0	0.99	0.63		0.99	1.0	FMTIX
FLRAX	0.54	1.0	0.99	0.67	0.99		0.99	FLRAX
PBLIX	0.49	1.0	1.0	0.63	1.0	0.99		PBLIX
	LSAIX	LCIAX	LGPSX	JAAIX	FMTIX	FLRAX	PBLIX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Aggressive 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 Aggressive'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
LSAIX	0.30	0.08	(0.03)	0.41	0.00	(0.40)	0.64	(0.53)	2.50
LCIAX	0.65	0.25	0.11	(2.97)	0.55	(0.71)	2.06	(1.14)	4.96
LGPSX	0.80	0.32	0.15	(3.67)	0.65	(0.86)	2.40	(1.24)	5.28
JAAIX	0.11	0.05	(0.50)	0.79	0.00	(0.17)	0.31	(0.18)	0.63
FMTIX	0.36	0.14	0.00	(3.57)	0.11	(0.41)	1.23	(0.82)	2.41
FLRAX	0.68	0.26	0.13	(5.95)	0.49	(0.83)	2.00	(1.43)	4.95
PBLIX	0.48	0.21	0.09	(3.30)	0.32	(0.58)	1.58	(1.16)	3.49

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