Blackrock Floating Correlations

BFRCX Fund

USD 9.68 0.00 0.00%

The current 90-days correlation between Blackrock Floating Rate and Transamerica Large Cap is 0.2 (i.e., Modest diversification). The correlation of Blackrock Floating 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 Floating Correlation With Market

Good diversification

The correlation between Blackrock Floating Rate and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Floating Rate 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 Floating Rate. 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 main economic indicators.

Moving together with Blackrock Mutual Fund

0.74	MKFOX	Blackrock Large Cap	Pair Corr
0.87	BRBCX	Blackrock Tactical	Pair Corr
0.8	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.8	BRGKX	Blckrck Fds Iii	Pair Corr
0.8	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.7	MKSPX	Blackrock Advantage Total	Pair Corr

Moving against Blackrock Mutual Fund

0.8	MKEFX	Blackrock Eurofund Class	Pair Corr
0.78	MKDCX	Blackrock Emerging	Pair Corr
0.65	MKECX	Blackrock Funds	Pair Corr
0.58	BRAMX	Bats Series M	Pair Corr
0.49	MKILX	Blackrock International	Pair Corr
0.48	BRACX	Bats Series C	Pair Corr
0.89	BREKX	Blackrock International	Pair Corr
0.88	BRECX	Blackrock International	Pair Corr
0.87	BREAX	Blackrock International	Pair Corr
0.79	MKWIX	Blackrock Strategic	Pair Corr
0.74	BROCX	Backrock Glbl Opprtnts	Pair Corr
0.73	BROKX	Blackrock Advantage	Pair Corr
0.73	BROAX	Blackrock Global Opp	Pair Corr
0.72	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.7	BADEX	Blackrock Defensive	Pair Corr

Related Correlations Analysis

	TWQZX	DOXGX	TFCCX	LMISX	LAAFX	MTCGX	AMONX
TWQZX		0.94	0.9	0.69	0.73	0.4	0.84	TWQZX
DOXGX	0.94		0.84	0.62	0.74	0.27	0.9	DOXGX
TFCCX	0.9	0.84		0.77	0.76	0.47	0.84	TFCCX
LMISX	0.69	0.62	0.77		0.33	0.86	0.7	LMISX
LAAFX	0.73	0.74	0.76	0.33		0.06	0.74	LAAFX
MTCGX	0.4	0.27	0.47	0.86	0.06		0.35	MTCGX
AMONX	0.84	0.9	0.84	0.7	0.74	0.35		AMONX
	TWQZX	DOXGX	TFCCX	LMISX	LAAFX	MTCGX	AMONX

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Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock Floating 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 Floating'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
TWQZX	0.50	(0.03)	0.00	(0.42)	0.00	0.00	1.16	(0.71)	5.29
DOXGX	0.60	(0.07)	0.00	11.26	0.00	0.00	0.94	(0.93)	10.51
TFCCX	0.52	(0.01)	(0.04)	(0.07)	0.73	(0.58)	0.90	(0.69)	5.58
LMISX	0.67	0.03	0.02	0.11	1.14	(0.66)	1.08	(1.49)	6.65
LAAFX	0.55	(0.06)	0.00	(0.22)	0.00	0.00	1.08	(0.79)	7.00
MTCGX	0.81	0.06	0.03	0.70	1.15	(0.75)	1.58	(2.12)	5.71
AMONX	0.91	(0.13)	0.00	(0.12)	0.00	0.00	1.25	(1.84)	15.94

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