Blackrock Gbl Correlations

BDMIX Fund

USD 14.10 0.06 0.42%

The current 90-days correlation between Blackrock Gbl Lng and Shelton Emerging Markets is -0.1 (i.e., Good diversification). The correlation of Blackrock Gbl 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 Gbl Correlation With Market

Very good diversification

The correlation between Blackrock Gbl Lng and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Gbl Lng and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blackrock Gbl Lng. 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 gross domestic product.

Moving together with Blackrock Mutual Fund

0.64	MKDVX	Blackrock Equity Dividend	Pair Corr
0.75	MKGCX	Blackrock Advantage	Pair Corr
0.78	MKFOX	Blackrock Large Cap	Pair Corr
0.66	BRAPX	Blackrock Aggressive	Pair Corr
0.76	BRBCX	Blackrock Tactical	Pair Corr
0.78	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.78	BRGKX	Blckrck Fds Iii	Pair Corr
0.78	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.7	BRHYX	Blackrock Hi Yld	Pair Corr
0.72	MKSCX	Blackrock Funds	Pair Corr
0.78	MKSPX	Blackrock Advantage Total	Pair Corr
0.77	BRMIX	Blackrock Midcap Index	Pair Corr
0.77	BRMAX	Blackrock Midcap Index	Pair Corr
0.77	BRMKX	Blackrock Midcap Index	Pair Corr

Moving against Blackrock Mutual Fund

0.69	BRAMX	Bats Series M	Pair Corr
0.64	BRECX	Blackrock International	Pair Corr
0.64	BREAX	Blackrock International	Pair Corr
0.63	BREKX	Blackrock International	Pair Corr
0.61	BRACX	Bats Series C	Pair Corr
0.43	MKILX	Blackrock International	Pair Corr
0.4	MKECX	Blackrock Funds	Pair Corr
0.4	MKMTX	Blackrock Strategic	Pair Corr
0.36	MKEFX	Blackrock Eurofund Class	Pair Corr
0.36	MKNKX	Blackrock New York	Pair Corr
0.32	BRCPX	Blackrock Conservative	Pair Corr
0.67	MKWIX	Blackrock Strategic	Pair Corr
0.61	BRZAX	Blackrock Advantage Esg	Pair Corr
0.6	BRZKX	Blackrock Advantage Esg	Pair Corr
0.6	BRZIX	Blackrock Advantage Esg	Pair Corr
0.55	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.54	BROAX	Blackrock Global Opp	Pair Corr
0.53	BROKX	Blackrock Advantage	Pair Corr
0.53	BROIX	Blackrock Glbl Opprtnts	Pair Corr

Related Correlations Analysis

	EMSLX	JHUJX	TEOJX	MPEMX	HCEMX	BOGSX	DODEX	TEMMX
EMSLX		0.97	0.97	0.97	0.98	0.37	0.96	0.66	EMSLX
JHUJX	0.97		0.97	0.97	0.99	0.45	0.97	0.64	JHUJX
TEOJX	0.97	0.97		0.98	0.98	0.37	0.98	0.64	TEOJX
MPEMX	0.97	0.97	0.98		0.97	0.3	0.96	0.71	MPEMX
HCEMX	0.98	0.99	0.98	0.97		0.46	0.99	0.6	HCEMX
BOGSX	0.37	0.45	0.37	0.3	0.46		0.47	-0.22	BOGSX
DODEX	0.96	0.97	0.98	0.96	0.99	0.47		0.54	DODEX
TEMMX	0.66	0.64	0.64	0.71	0.6	-0.22	0.54		TEMMX
	EMSLX	JHUJX	TEOJX	MPEMX	HCEMX	BOGSX	DODEX	TEMMX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HCEMX	+ 0.99	JHUJX
DODEX	+ 0.99	HCEMX
HCEMX	+ 0.98	EMSLX
MPEMX	+ 0.98	TEOJX
HCEMX	+ 0.98	TEOJX
DODEX	+ 0.98	TEOJX

High negative correlations

TEMMX

- 0.22

BOGSX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Gbl 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 Gbl'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
EMSLX	0.75	(0.09)	0.00	(0.28)	0.00	0.00	1.76	(2.14)	6.36
JHUJX	0.68	(0.08)	0.00	(0.04)	0.00	0.00	1.28	(1.64)	4.57
TEOJX	0.65	(0.05)	(0.14)	(0.03)	0.84	(0.71)	1.76	(1.83)	4.91
MPEMX	0.70	(0.07)	0.00	(0.13)	0.00	0.00	1.42	(1.64)	4.89
HCEMX	0.72	(0.04)	(0.13)	(0.03)	0.91	(0.85)	1.83	(1.86)	4.70
BOGSX	0.95	(0.11)	(0.04)	0.05	1.38	(0.94)	1.88	(2.25)	5.68
DODEX	0.67	(0.04)	(0.12)	0.03	0.87	(0.74)	1.44	(1.90)	5.43
TEMMX	0.38	(0.09)	0.00	(0.17)	0.00	0.00	0.70	(1.07)	2.15

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