Blackrock Commodity Correlations
| BCSAX Fund | USD 8.64 0.06 0.70% |
The current 90-days correlation between Blackrock Commodity and Columbia Modity Strategy is 0.9 (i.e., Almost no diversification). The correlation of Blackrock Commodity 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 Commodity Correlation With Market
Average diversification
The correlation between Blackrock Commodity Strategies and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Commodity Strategies and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Mutual Fund
| 0.7 | MKCPX | Blackrock Balanced | PairCorr |
| 0.76 | MKDCX | Blackrock Emerging | PairCorr |
| 0.66 | MKLOX | Blackrock Global All | PairCorr |
| 0.68 | MKSCX | Blackrock Funds | PairCorr |
Related Correlations Analysis
| 0.97 | 0.99 | 0.43 | 0.96 | CCSAX | ||
| 0.97 | 0.94 | 0.26 | 0.95 | PCRAX | ||
| 0.99 | 0.94 | 0.46 | 0.95 | EAPCX | ||
| 0.43 | 0.26 | 0.46 | 0.34 | BACAX | ||
| 0.96 | 0.95 | 0.95 | 0.34 | BICSX | ||
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Risk-Adjusted Indicators
There is a big difference between Blackrock Mutual Fund performing well and Blackrock Commodity 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 Commodity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCSAX | 0.66 | 0.04 | (0.06) | (1.95) | 0.92 | 1.44 | 3.77 | |||
| PCRAX | 0.66 | 0.02 | (0.08) | 0.62 | 0.90 | 1.36 | 3.75 | |||
| EAPCX | 0.62 | 0.03 | (0.06) | 0.84 | 0.83 | 1.48 | 3.53 | |||
| BACAX | 0.83 | (0.01) | (0.08) | 0.60 | 1.27 | 1.43 | 5.09 | |||
| BICSX | 0.61 | (0.01) | (0.10) | 0.06 | 0.81 | 1.37 | 3.59 |