BlackRock MIT Correlations

BLE Stock

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The current 90-days correlation between BlackRock MIT II and BlackRock Municipal Income is 0.44 (i.e., Very weak diversification). The correlation of BlackRock MIT 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.

BlackRock MIT Correlation With Market

Weak diversification

The correlation between BlackRock MIT II and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock MIT II and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with BlackRock Stock

0.68	HHI	Henderson High Income	Pair Corr
0.77	FT	Franklin Universal Closed	Pair Corr
0.66	PX	P10 Inc Symbol Change	Pair Corr
0.77	RA	Brookfield Real Assets	Pair Corr
0.71	WT	WisdomTree	Pair Corr
0.62	MNG	MG Plc	Pair Corr
0.75	VCTR	Victory Capital Holdings	Pair Corr
0.77	SSSS-P	Shooting Star Acquisition	Pair Corr
0.62	MNTN	Schiehallion Fund	Pair Corr
0.77	ALPN	Alpine Select AG	Pair Corr

Moving against BlackRock Stock

0.9	BX	Blackstone Group Sell-off Trend	Pair Corr
0.83	DMYY	dMY Squared Technology	Pair Corr
0.77	NP	Neptune Insurance	Pair Corr
0.76	55O1	Apollo Investment Corp	Pair Corr
0.61	MFG	Magellan Financial	Pair Corr
0.6	CG	Carlyle Group	Pair Corr
0.38	BBUC	Brookfield Business Corp	Pair Corr
0.85	M9X	WhiteHorse Finance Earnings Call This Week	Pair Corr
0.85	ATY	Athelney Trust plc	Pair Corr
0.77	VRTS	Virtus Investment	Pair Corr
0.59	VINP	Vinci Partners Inves Earnings Call This Week	Pair Corr
0.52	TIP	Teaminvest Private	Pair Corr
0.39	ALAB-P	A Labs Capital	Pair Corr

Related Correlations Analysis

	BFK	BLW	BFZ	BMEZ	BIT	BGY	BHK	BYM	VCV	HPS
BFK		0.77	0.88	0.17	0.72	0.76	0.63	0.94	0.51	0.76	BFK
BLW	0.77		0.68	0.44	0.88	0.84	0.87	0.8	0.64	0.76	BLW
BFZ	0.88	0.68		0.0	0.62	0.72	0.61	0.91	0.51	0.76	BFZ
BMEZ	0.17	0.44	0.0		0.48	0.4	0.46	0.16	0.24	0.2	BMEZ
BIT	0.72	0.88	0.62	0.48		0.93	0.86	0.71	0.78	0.7	BIT
BGY	0.76	0.84	0.72	0.4	0.93		0.87	0.77	0.83	0.67	BGY
BHK	0.63	0.87	0.61	0.46	0.86	0.87		0.7	0.81	0.73	BHK
BYM	0.94	0.8	0.91	0.16	0.71	0.77	0.7		0.58	0.81	BYM
VCV	0.51	0.64	0.51	0.24	0.78	0.83	0.81	0.58		0.56	VCV
HPS	0.76	0.76	0.76	0.2	0.7	0.67	0.73	0.81	0.56		HPS
	BFK	BLW	BFZ	BMEZ	BIT	BGY	BHK	BYM	VCV	HPS

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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

BYM	+ 0.94	BFK
BGY	+ 0.93	BIT
BYM	+ 0.91	BFZ
BFZ	+ 0.88	BFK
BIT	+ 0.88	BLW
BHK	+ 0.87	BLW

High negative correlations

BMEZ

- 0.0

BFZ

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock MIT Company 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 MIT'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
BFK	0.32	0.04	(0.16)	(0.53)	0.38	(0.35)	0.80	(0.79)	2.23
BLW	0.25	0.01	(0.26)	0.18	0.20	(0.30)	0.45	(0.45)	1.34
BFZ	0.28	0.02	(0.23)	0.23	0.18	(0.35)	0.75	(0.56)	1.82
BMEZ	0.73	0.07	(0.05)	2.30	0.67	(0.88)	2.04	(1.26)	4.90
BIT	0.27	0.03	(0.19)	0.22	0.12	(0.33)	0.62	(0.53)	1.63
BGY	0.55	0.14	0.13	0.36	0.23	(0.70)	1.28	(1.03)	3.32
BHK	0.31	0.05	(0.11)	1.94	0.36	(0.36)	0.76	(0.54)	2.76
BYM	0.27	0.02	(0.24)	0.72	0.21	(0.36)	0.65	(0.46)	2.12
VCV	0.51	0.05	(0.07)	10.64	0.74	(0.52)	1.54	(1.56)	3.38
HPS	0.37	0.01	(0.16)	0.17	0.45	(0.37)	0.69	(0.76)	2.36

BlackRock MIT Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BlackRock MIT stock to make a market-neutral strategy. Peer analysis of BlackRock MIT could also be used in its relative valuation, which is a method of valuing BlackRock MIT by comparing valuation metrics with similar companies.

BlackRock Municipal Income BlackRock Limited Duration BlackRock California Municipal BlackRock Health Sciences Blackrock Multi Sector Blackrock International Growth BlackRock Core Bond BlackRock Municipal Income Invesco California Value John Hancock Preferred American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

BlackRock MIT Corporate Management

Henry Gabbay	Independent Trustee	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer	Profile
Frank Fabozzi	Independent Trustee	Profile
J Holloman	Independent Trustee	Profile

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