Blackrock Lifepath Correlations

Mutual Funds . USA . 
Fund . Blackrock Lifepath Dynamic
LPRDX Fund  USD 13.38  0.06  0.45%   
The current 90-days correlation between Blackrock Lifepath and Vanguard Target Retirement is 0.89 (i.e., Very poor diversification). The correlation of Blackrock Lifepath 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 Lifepath Correlation With Market

Poor diversification

The correlation between Blackrock Lifepath Dynamic and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Lifepath Dynamic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock Lifepath Dynamic. 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 unemployment.

Moving together with Blackrock Mutual Fund

  0.98MKCPX Blackrock BalancedPairCorr
  0.95MKEAX MkeaxPairCorr
  0.97MKEFX Blackrock Eurofund ClassPairCorr
  0.98MKECX Blackrock FundsPairCorr
  0.97MKDCX Blackrock EmergingPairCorr
  0.98MKDVX Blackrock Equity DividendPairCorr
  0.97MKGCX Blackrock AdvantagePairCorr
  0.98MKFOX Blackrock Large CapPairCorr
  0.94MKILX Blackrock InternationalPairCorr
  0.97BRAPX Blackrock AggressivePairCorr
  0.87BRACX Bats Series CPairCorr
  0.99MKLOX Blackrock Global AllPairCorr
  0.93BRBCX Blackrock TacticalPairCorr
  0.86BRASX Bats Series SPairCorr
  0.98BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.99BRGPX Blackrock Gwth PreparedPairCorr
  0.98BRGKX Blckrck Fds IiiPairCorr
  0.98BRGAX Blckrck Fdsiii RssllPairCorr
  0.96BRIAX Blackrock RetirementPairCorr
  0.97BRHYX Blackrock Hi YldPairCorr
  0.97MKSCX Blackrock FundsPairCorr
  0.98MKSPX Blackrock Advantage TotalPairCorr
  0.99BRIDX Blackrock RetirementPairCorr
  0.99BRIEX Blackrock RetirementPairCorr
  0.99BRICX Blackrock RetirementPairCorr
  0.98BRMIX Blackrock Midcap IndexPairCorr
  0.9MKWIX Blackrock StrategicPairCorr
  0.98BRMAX Blackrock Midcap IndexPairCorr
  0.99BRMPX Blackrock ModeratePairCorr
  0.98BRMKX Blackrock Midcap IndexPairCorr
  0.96BROKX Blackrock AdvantagePairCorr

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 Lifepath 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 Lifepath'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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