Blackrock Muniholdings Correlations
| MHD Fund | USD 12.11 0.02 0.16% |
The current 90-days correlation between Blackrock Muniholdings and Federated Government Income is 0.09 (i.e., Significant diversification). The correlation of Blackrock Muniholdings 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 Muniholdings Correlation With Market
Good diversification
The correlation between Blackrock Muniholdings Closed 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 Muniholdings Closed and DJI in the same portfolio, assuming nothing else is changed.
Blackrock |
Moving together with Blackrock Fund
| 0.74 | ZTR | Virtus Global Dividend | PairCorr |
| 0.67 | PCQ | Pimco California Mun | PairCorr |
| 0.64 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.89 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.69 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Blackrock Fund
| 0.31 | CLM | Cornerstone Strategic | PairCorr |
| 0.6 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.33 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.84 | 0.96 | 0.99 | -0.31 | FICMX | ||
| 0.84 | 0.77 | 0.83 | 0.19 | TWACX | ||
| 0.96 | 0.77 | 0.97 | -0.4 | JGIFX | ||
| 0.99 | 0.83 | 0.97 | -0.33 | FHNFX | ||
| -0.31 | 0.19 | -0.4 | -0.33 | SIGVX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Blackrock Fund performing well and Blackrock Muniholdings 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 Muniholdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FICMX | 0.27 | (0.04) | 0.00 | (0.42) | 0.00 | 0.34 | 1.66 | |||
| TWACX | 0.08 | 0.00 | (0.63) | 0.00 | 0.09 | 0.11 | 0.78 | |||
| JGIFX | 0.24 | (0.03) | 0.00 | 0.41 | 0.00 | 0.50 | 1.41 | |||
| FHNFX | 0.24 | (0.04) | 0.00 | (0.59) | 0.00 | 0.44 | 1.63 | |||
| SIGVX | 0.06 | 0.01 | (0.69) | (0.31) | 0.00 | 0.10 | 0.61 |