BlackRock Long Correlations

BELT Etf

30.78 0.12 0.39%

The current 90-days correlation between BlackRock Long Term and Invesco Actively Managed is 0.57 (i.e., Very weak diversification). The correlation of BlackRock Long 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 Long Correlation With Market

Poor diversification

The correlation between BlackRock Long Term Equity and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock Long Term Equity 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 Long Term Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with BlackRock Etf

0.89	VUG	Vanguard Growth Index	Pair Corr
0.9	IWF	iShares Russell 1000	Pair Corr
0.91	IVW	iShares SP 500	Pair Corr
0.91	SPYG	SPDR Portfolio SP	Pair Corr
0.92	IUSG	iShares Core SP	Pair Corr
0.9	VONG	Vanguard Russell 1000	Pair Corr
0.9	MGK	Vanguard Mega Cap	Pair Corr
0.9	VRGWX	Vanguard Russell 1000	Pair Corr
0.91	MTUM	iShares MSCI USA	Pair Corr
0.93	QQQM	Invesco NASDAQ 100	Pair Corr
0.71	NVDL	GraniteShares 15x Long	Pair Corr
0.71	NVDX	T Rex 2X	Pair Corr
0.71	NVDU	Direxion Daily NVDA	Pair Corr
0.73	CRPT	First Trust SkyBridge	Pair Corr
0.64	BITX	Volatility Shares Trust	Pair Corr
0.62	CONL	GraniteShares ETF Trust	Pair Corr
0.71	DAPP	VanEck Digital Trans	Pair Corr
0.66	DPST	Direxion Daily Regional	Pair Corr
0.73	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.89	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	BAC	Bank of America Aggressive Push	Pair Corr
0.81	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against BlackRock Etf

0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.53	KO	Coca Cola Aggressive Push	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	EFAA	EGUS	EMCS	EQLT	EVLU	EVUS	FLOW	XOVR	ROE
EFAA		-0.5	0.59	0.72	0.58	-0.32	-0.42	-0.56	-0.34	EFAA
EGUS	-0.5		0.18	-0.02	0.16	0.91	0.91	0.96	0.92	EGUS
EMCS	0.59	0.18		0.96	0.98	0.28	0.16	0.08	0.23	EMCS
EQLT	0.72	-0.02	0.96		0.95	0.13	0.01	-0.1	0.08	EQLT
EVLU	0.58	0.16	0.98	0.95		0.29	0.19	0.08	0.24	EVLU
EVUS	-0.32	0.91	0.28	0.13	0.29		0.95	0.92	0.99	EVUS
FLOW	-0.42	0.91	0.16	0.01	0.19	0.95		0.93	0.96	FLOW
XOVR	-0.56	0.96	0.08	-0.1	0.08	0.92	0.93		0.94	XOVR
ROE	-0.34	0.92	0.23	0.08	0.24	0.99	0.96	0.94		ROE
	EFAA	EGUS	EMCS	EQLT	EVLU	EVUS	FLOW	XOVR	ROE

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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

ROE	+ 0.99	EVUS
EVLU	+ 0.98	EMCS
XOVR	+ 0.96	EGUS
EQLT	+ 0.96	EMCS
ROE	+ 0.96	FLOW
EVLU	+ 0.95	EQLT

High negative correlations

XOVR	- 0.56	EFAA
EGUS	- 0.5	EFAA
FLOW	- 0.42	EFAA
ROE	- 0.34	EFAA
EVUS	- 0.32	EFAA
XOVR	- 0.1	EQLT

BlackRock Long Constituents Risk-Adjusted Indicators

There is a big difference between BlackRock Etf performing well and BlackRock Long ETF 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 Long'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
EFAA	0.51	(0.09)	0.00	(0.11)	0.00	0.00	1.03	(1.23)	3.00
EGUS	0.72	0.02	0.00	0.15	0.93	(0.73)	1.71	(1.94)	4.88
EMCS	0.89	(0.05)	(0.11)	0.00	1.16	(0.93)	2.45	(2.00)	6.67
EQLT	0.77	(0.03)	(0.13)	(0.02)	1.00	(0.86)	1.81	(1.93)	6.09
EVLU	0.92	0.00	(0.08)	0.14	1.09	(1.02)	1.83	(2.11)	6.76
EVUS	0.51	(0.01)	(0.05)	0.12	0.36	(0.61)	1.02	(0.85)	3.48
FLOW	0.62	(0.01)	(0.04)	0.12	0.59	(0.64)	1.28	(1.06)	3.87
XOVR	1.06	0.16	0.07	0.29	1.43	(1.11)	2.84	(2.35)	6.53
ROE	0.60	(0.01)	(0.04)	0.11	0.59	(0.63)	1.18	(1.02)	3.42

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