Blackrock International Correlations

Mutual Funds . USA . 
Fund . Blackrock International Index
BTMKX Fund  USD 18.28  0.02  0.11%   
The current 90-days correlation between Blackrock International and Blackrock Midcap Index is 0.81 (i.e., Very poor diversification). The correlation of Blackrock International 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 International Correlation With Market

Very good diversification

The correlation between Blackrock International Index and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock International Index 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 International Index. 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 industry.

Moving together with Blackrock Mutual Fund

  0.71MKCMX Blackrock CaliforniaPairCorr
  0.98MKCPX Blackrock BalancedPairCorr
  0.95MKEAX MkeaxPairCorr
  0.99MKEFX Blackrock Eurofund ClassPairCorr
  0.94MKECX Blackrock FundsPairCorr
  0.97MKDCX Blackrock EmergingPairCorr
  0.92MKDVX Blackrock Equity DividendPairCorr
  0.97MKGCX Blackrock AdvantagePairCorr
  0.91MKFOX Blackrock Large CapPairCorr
  0.98MKILX Blackrock InternationalPairCorr
  0.96BRAPX Blackrock AggressivePairCorr
  0.65MKMTX Blackrock StrategicPairCorr
  0.85BRACX Bats Series CPairCorr
  0.8MKNJX Blackrock New JerseyPairCorr
  0.95MKLOX Blackrock Global AllPairCorr
  0.93BRBCX Blackrock TacticalPairCorr
  0.85BRASX Bats Series SPairCorr
  0.91BRCPX Blackrock ConservativePairCorr
  0.62MKPYX Blackrock PennsylvaniaPairCorr
  0.91BRGNX Blckrck Fdsiii RssllPairCorr
  0.93BRGPX Blackrock Gwth PreparedPairCorr
  0.91BRGKX Blckrck Fds IiiPairCorr
  0.91BRGAX Blckrck Fdsiii RssllPairCorr
  0.97BRIAX Blackrock RetirementPairCorr
  0.95BRHYX Blackrock Hi YldPairCorr
  0.94MKSCX Blackrock FundsPairCorr
  0.92MKSPX Blackrock Advantage TotalPairCorr
  0.95BRIDX Blackrock RetirementPairCorr
  0.95BRIEX Blackrock RetirementPairCorr
  0.96BRICX Blackrock RetirementPairCorr
  0.96BRMIX Blackrock Midcap IndexPairCorr
  0.86MKWIX Blackrock StrategicPairCorr
  0.96BRMAX Blackrock Midcap IndexPairCorr
  0.96BRMPX Blackrock ModeratePairCorr
  0.96BRMKX Blackrock Midcap IndexPairCorr
  0.98BROKX 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 International 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 International'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.

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