Mkeax Correlations

Mutual Funds . USA . 
Fund . Mkeax
MKEAX Fund   15.36  0.16  1.05%   
The current 90-days correlation between Mkeax and Catalyst Exceed Defined is 0.71 (i.e., Poor diversification). The correlation of Mkeax 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.

Mkeax Correlation With Market

Poor diversification

The correlation between Mkeax and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mkeax 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 Mkeax. 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 Mkeax Mutual Fund

  0.65MKCPX Blackrock BalancedPairCorr
  0.62MKEFX Blackrock Eurofund ClassPairCorr
  0.64MKECX Blackrock FundsPairCorr
  0.63MKDCX Blackrock EmergingPairCorr
  0.66MKDVX Blackrock Equity DividendPairCorr
  0.98MKGCX Blackrock AdvantagePairCorr
  0.68MKFOX Blackrock Large CapPairCorr
  0.99BRAPX Blackrock AggressivePairCorr
  0.8BRACX Bats Series CPairCorr
  0.78MKLOX Blackrock Global AllPairCorr
  0.85BRBCX Blackrock TacticalPairCorr
  0.82BRASX Bats Series SPairCorr
  0.78BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.83BRGPX Blackrock Gwth PreparedPairCorr
  0.84BRGKX Blckrck Fds IiiPairCorr
  0.98BRGAX Blckrck Fdsiii RssllPairCorr
  0.97BRIAX Blackrock RetirementPairCorr
  0.95BRHYX Blackrock Hi YldPairCorr
  0.98MKSCX Blackrock FundsPairCorr
  0.98MKSPX Blackrock Advantage TotalPairCorr
  0.97BRIDX Blackrock RetirementPairCorr
  0.97BRIEX Blackrock RetirementPairCorr
  0.97BRICX Blackrock RetirementPairCorr
  0.99BRMIX Blackrock Midcap IndexPairCorr
  0.74MKWIX Blackrock StrategicPairCorr
  0.99BRMAX Blackrock Midcap IndexPairCorr
  0.82BRMPX Blackrock ModeratePairCorr
  0.83BRMKX Blackrock Midcap IndexPairCorr
  0.92BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mkeax Mutual Fund performing well and Mkeax 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 Mkeax'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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