Blackrock Munivest Correlations

MVT Fund

USD 9.90 0.19 1.88%

The current 90-days correlation between Blackrock Munivest and Blackrock Muniyield Quality is 0.7 (i.e., Poor diversification). The correlation of Blackrock Munivest 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 Munivest Correlation With Market

Very weak diversification

The correlation between Blackrock Munivest and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Munivest 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 Munivest. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Blackrock Fund

0.68	CHI	Calamos Convertible	Pair Corr
0.69	PTY	Pimco Corporate Income	Pair Corr
0.64	PHK	Pimco High Income	Pair Corr
0.73	PCN	Pimco Corporate Income	Pair Corr
0.61	FFC	Flaherty Crumrine	Pair Corr
0.72	NUV	Nuveen Municipal Value	Pair Corr
0.64	HIO	Western Asset High	Pair Corr
0.63	MIFIX	Miller Intermediate Bond	Pair Corr
0.85	NCSPX	Nuveen California	Pair Corr
0.82	PCIMX	California Intermediate	Pair Corr

Related Correlations Analysis

	MQY	MQT	MFM	CXE	MYD	MHD	MVF
MQY		0.9	0.78	0.92	0.87	0.93	0.33	MQY
MQT	0.9		0.75	0.8	0.92	0.9	0.53	MQT
MFM	0.78	0.75		0.84	0.68	0.78	0.06	MFM
CXE	0.92	0.8	0.84		0.77	0.85	0.16	CXE
MYD	0.87	0.92	0.68	0.77		0.91	0.6	MYD
MHD	0.93	0.9	0.78	0.85	0.91		0.44	MHD
MVF	0.33	0.53	0.06	0.16	0.6	0.44		MVF
	MQY	MQT	MFM	CXE	MYD	MHD	MVF

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Risk-Adjusted Indicators

There is a big difference between Blackrock Fund performing well and Blackrock Munivest 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 Munivest'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
MQY	0.43	(0.03)	(0.18)	0.04	0.56	(0.51)	1.01	(0.91)	3.60
MQT	0.36	(0.03)	(0.24)	0.00	0.44	(0.43)	0.96	(0.83)	2.77
MFM	0.47	0.05	(0.12)	(2.00)	0.53	(0.54)	0.97	(1.16)	3.16
CXE	0.44	0.00	(0.16)	0.11	0.47	(0.60)	1.14	(0.86)	2.60
MYD	0.49	(0.05)	(0.16)	0.00	0.74	(0.50)	1.11	(0.98)	4.37
MHD	0.50	(0.04)	(0.15)	0.03	0.68	(0.52)	1.17	(1.17)	3.32
MVF	0.47	(0.08)	0.00	(0.14)	0.00	0.00	1.05	(1.20)	3.01

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Blackrock Munivest Correlations

Blackrock Munivest Correlation With Market

Very weak diversification

Moving together with Blackrock Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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