Blackrock National Correlations

MANLX Fund

USD 10.20 0.03 0.29%

The current 90-days correlation between Blackrock National and Aam Select Income is 0.51 (i.e., Very weak diversification). The correlation of Blackrock National 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 National Correlation With Market

Very good diversification

The correlation between Blackrock National Municipal and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock National Municipal and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Blackrock National Municipal. 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 bureau of economic analysis.

Moving together with Blackrock Mutual Fund

0.95	MKCMX	Blackrock California	Pair Corr
0.66	BRAMX	Bats Series M	Pair Corr
0.89	MKMTX	Blackrock Strategic	Pair Corr
0.72	BRACX	Bats Series C	Pair Corr
0.92	MKNKX	Blackrock New York	Pair Corr
0.98	MKNJX	Blackrock New Jersey	Pair Corr
0.71	BRASX	Bats Series S	Pair Corr
0.75	BRCPX	Blackrock Conservative	Pair Corr
0.94	MKPYX	Blackrock Pennsylvania	Pair Corr

Moving against Blackrock Mutual Fund

0.33

BRBCX

Blackrock Tactical

Pair Corr

Related Correlations Analysis

	CPUCX	TQAAX	TWBIX	WRLDX	SCPXX	FIJFX	LTFXX
CPUCX		-0.56	-0.21	-0.34	-0.01	-0.33	-0.01	CPUCX
TQAAX	-0.56		0.85	0.88	0.12	0.72	0.12	TQAAX
TWBIX	-0.21	0.85		0.88	0.21	0.81	0.21	TWBIX
WRLDX	-0.34	0.88	0.88		0.09	0.79	0.09	WRLDX
SCPXX	-0.01	0.12	0.21	0.09		0.14	1.0	SCPXX
FIJFX	-0.33	0.72	0.81	0.79	0.14		0.14	FIJFX
LTFXX	-0.01	0.12	0.21	0.09	1.0	0.14		LTFXX
	CPUCX	TQAAX	TWBIX	WRLDX	SCPXX	FIJFX	LTFXX

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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

LTFXX	+ 1.0	SCPXX
WRLDX	+ 0.88	TQAAX
WRLDX	+ 0.88	TWBIX
TWBIX	+ 0.85	TQAAX
FIJFX	+ 0.81	TWBIX
FIJFX	+ 0.79	WRLDX

High negative correlations

TQAAX	- 0.56	CPUCX
WRLDX	- 0.34	CPUCX
FIJFX	- 0.33	CPUCX
TWBIX	- 0.21	CPUCX
LTFXX	- 0.01	CPUCX
SCPXX	- 0.01	CPUCX

Risk-Adjusted Indicators

There is a big difference between Blackrock Mutual Fund performing well and Blackrock National 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 National'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
CPUCX	0.25	(0.01)	0.00	0.33	0.00	0.00	0.44	(0.54)	1.29
TQAAX	0.81	(0.03)	0.00	0.10	0.98	(0.83)	1.75	(1.51)	6.10
TWBIX	0.35	(0.02)	(0.16)	0.08	0.41	(0.39)	0.77	(0.92)	2.38
WRLDX	0.49	(0.02)	(0.13)	0.09	0.45	(0.55)	0.92	(0.97)	2.75
SCPXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01
FIJFX	0.76	(0.05)	(0.06)	0.07	0.87	(0.81)	1.63	(1.48)	4.27
LTFXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01

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