Blackrock Exchange Correlations

Mutual Funds . USA . 
Fund . Blackrock Exchange Portfolio
STSEX Fund  USD 2,552  10.60  0.41%   
The current 90-days correlation between Blackrock Exchange and Blackrock California Municipal is 0.16 (i.e., Average diversification). The correlation of Blackrock Exchange 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 Exchange Correlation With Market

Very poor diversification

The correlation between Blackrock Exchange Portfolio and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Exchange Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Blackrock Exchange Portfolio. 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 income.

Moving together with Blackrock Mutual Fund

  0.96MKCPX Blackrock BalancedPairCorr
  0.97MKEAX MkeaxPairCorr
  0.95MKEFX Blackrock Eurofund ClassPairCorr
  0.98MKECX Blackrock FundsPairCorr
  0.97MKDCX Blackrock EmergingPairCorr
  0.99MKDVX Blackrock Equity DividendPairCorr
  0.98MKGCX Blackrock AdvantagePairCorr
  0.98MKFOX Blackrock Large CapPairCorr
  0.9MKILX Blackrock International Potential GrowthPairCorr
  0.98BRAPX Blackrock AggressivePairCorr
  0.66BRAMX Bats Series MPairCorr
  0.88BRACX Bats Series CPairCorr
  0.75MKNJX Blackrock New JerseyPairCorr
  0.96MKLOX Blackrock Global AllPairCorr
  0.95BRBCX Blackrock TacticalPairCorr
  0.91BRASX Bats Series SPairCorr
  0.98BRCPX Blackrock ConservativePairCorr
  0.99BRGNX Blckrck Fdsiii RssllPairCorr
  0.99BRGPX Blackrock Gwth PreparedPairCorr
  0.99BRGKX Blckrck Fds IiiPairCorr
  0.98BRGAX Blckrck Fdsiii RssllPairCorr
  0.98BRIAX Blackrock RetirementPairCorr
  0.97BRHYX Blackrock Hi YldPairCorr
  0.98MKSCX Blackrock FundsPairCorr
  0.98MKSPX Blackrock Advantage TotalPairCorr
  0.97BRIDX Blackrock RetirementPairCorr
  0.97BRIEX Blackrock RetirementPairCorr
  0.98BRICX Blackrock RetirementPairCorr
  0.98BRMIX Blackrock Midcap IndexPairCorr
  0.86MKWIX Blackrock StrategicPairCorr
  0.98BRMAX Blackrock Midcap IndexPairCorr
  0.99BRMPX Blackrock ModeratePairCorr
  0.98BRMKX Blackrock Midcap IndexPairCorr
  0.93BROKX 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 Exchange 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 Exchange'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  0.16 (0.01)(0.57)(0.69) 0.18 
(0.20)
 0.43 
(0.43)
 1.21 
MKCPX  0.40  0.09 (0.05)(6.03) 0.73 
(0.40)
 0.97 
(0.79)
 2.06 
MKEAX  0.82  0.30  0.17 (4.52) 0.53 
(1.02)
 2.45 
(1.65)
 5.46 
MKEFX  0.74  0.16  0.02  12.40  1.22 
(0.83)
 1.58 
(1.13)
 4.72 
MKECX  0.58  0.19  0.18  0.54  0.17 
(0.78)
 1.60 
(0.79)
 4.61 
MKDCX  0.54  0.24  0.18  4.39  0.00 
(0.69)
 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  0.52  0.23  0.11 (2.81) 0.30 
(0.57)
 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  0.14  0.00 (2.70) 0.49 
(0.64)
 1.36 
(0.95)
 3.48 

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