Managed Account Correlations

Mutual Funds . USA . 
Fund . Managed Account Series
MSUMX Fund  USD 8.97  0.02  0.22%   
The current 90-days correlation between Managed Account Series and Blackrock California Municipal is 0.49 (i.e., Very weak diversification). The correlation of Managed Account 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.

Managed Account Correlation With Market

Average diversification

The correlation between Managed Account Series and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Managed Account Series 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 Managed Account Series. 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 population.

Moving together with Managed Mutual Fund

  0.84MKCPX Blackrock BalancedPairCorr
  0.8MKEAX MkeaxPairCorr
  0.77MKEFX Blackrock Eurofund ClassPairCorr
  0.87MKECX Blackrock FundsPairCorr
  0.84MKDCX Blackrock EmergingPairCorr
  0.86MKDVX Blackrock Equity DividendPairCorr
  0.86MKGCX Blackrock AdvantagePairCorr
  0.83MKFOX Blackrock Large CapPairCorr
  0.69MKILX Blackrock International Potential GrowthPairCorr
  0.85BRAPX Blackrock AggressivePairCorr
  0.9BRAMX Bats Series MPairCorr
  0.98BRACX Bats Series CPairCorr
  0.65MKNJX Blackrock New JerseyPairCorr
  0.86MKLOX Blackrock Global AllPairCorr
  0.76BRBCX Blackrock TacticalPairCorr
  0.98BRASX Bats Series SPairCorr
  0.93BRCPX Blackrock ConservativePairCorr
  0.85BRGNX Blckrck Fdsiii RssllPairCorr
  0.87BRGPX Blackrock Gwth PreparedPairCorr
  0.85BRGKX Blckrck Fds IiiPairCorr
  0.85BRGAX Blckrck Fdsiii RssllPairCorr
  0.9BRIAX Blackrock RetirementPairCorr
  0.91BRHYX Blackrock Hi YldPairCorr
  0.84MKSCX Blackrock FundsPairCorr
  0.81MKSPX Blackrock Advantage TotalPairCorr
  0.87BRIDX Blackrock RetirementPairCorr
  0.88BRIEX Blackrock RetirementPairCorr
  0.9BRICX Blackrock RetirementPairCorr
  0.81BRMIX Blackrock Midcap IndexPairCorr
  0.96MKWIX Blackrock StrategicPairCorr
  0.81BRMAX Blackrock Midcap IndexPairCorr
  0.89BRMPX Blackrock ModeratePairCorr
  0.81BRMKX Blackrock Midcap IndexPairCorr
  0.78BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Managed Mutual Fund performing well and Managed Account 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 Managed Account'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  0.39  0.02 (0.06) 0.18  0.73 
(0.39)
 0.97 
(0.79)
 5.23 
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 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY