Blackrock Focus Correlations
| MDFOX Fund | USD 7.49 0.14 1.90% |
The current 90-days correlation between Blackrock Focus Growth and Sei Daily Income is -0.27 (i.e., Very good diversification). The correlation of Blackrock Focus 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 Focus Correlation With Market
Poor diversification
The correlation between Blackrock Focus Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock Focus Growth and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Mutual Fund
| 0.65 | MKCPX | Blackrock Balanced | PairCorr |
| 0.78 | MKEFX | Blackrock Eurofund Class | PairCorr |
| 0.93 | MKECX | Blackrock Funds | PairCorr |
| 0.85 | MKDCX | Blackrock Emerging | PairCorr |
| 0.78 | MKGCX | Blackrock Advantage | PairCorr |
| 0.89 | MKFOX | Blackrock Large Cap | PairCorr |
| 0.83 | MKLOX | Blackrock Global All | PairCorr |
| 0.73 | BRBCX | Blackrock Tactical | PairCorr |
| 0.82 | BREKX | Blackrock International | PairCorr |
| 0.82 | BRECX | Blackrock International | PairCorr |
| 0.88 | BRGNX | Blckrck Fdsiii Rssll | PairCorr |
| 0.8 | BRGPX | Blackrock Gwth Prepared | PairCorr |
| 0.88 | BRGKX | Blckrck Fds Iii | PairCorr |
| 0.77 | BRGAX | Blckrck Fdsiii Rssll | PairCorr |
| 0.77 | BROKX | Blackrock Advantage | PairCorr |
| 0.77 | BROIX | Blackrock Glbl Opprtnts | PairCorr |
| 0.78 | BROCX | Backrock Glbl Opprtnts | PairCorr |
| 0.87 | BAAPX | Blackrock Aggressive | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Blackrock Mutual Fund performing well and Blackrock Focus 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 Focus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEOXX | 0.03 | 0.01 | 0.00 | (0.14) | 0.00 | 0.00 | 1.01 | |||
| BIDPX | 0.11 | 0.03 | (0.27) | (0.33) | 0.00 | 0.27 | 1.17 | |||
| FHYVX | 0.14 | 0.04 | (0.22) | (0.47) | 0.00 | 0.44 | 1.22 | |||
| BCHIX | 0.13 | 0.03 | (0.26) | (0.37) | 0.00 | 0.40 | 1.22 | |||
| CFSTX | 0.07 | 0.02 | (0.69) | (0.42) | 0.00 | 0.19 | 0.69 | |||
| MSTPX | 0.09 | 0.02 | (0.32) | (0.43) | 0.00 | 0.20 | 1.00 | |||
| MCHXX | 0.03 | 0.01 | 0.00 | (0.14) | 0.00 | 0.00 | 1.01 | |||
| FYMNX | 0.10 | 0.02 | (0.37) | (0.33) | 0.00 | 0.28 | 0.93 |