Mkeax Correlations

Mutual Funds . USA . 
Fund . Mkeax
MKEAX Fund   15.36  0.05  0.33%   
The current 90-days correlation between Mkeax and Catalyst Exceed Defined is 0.13 (i.e., Average diversification). The correlation of Mkeax 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.

Mkeax Correlation With Market

Good diversification

The correlation between Mkeax and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mkeax 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 Mkeax. 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 nation.

Moving together with Mkeax Mutual Fund

  0.61MKCMX Blackrock CaliforniaPairCorr
  0.97MKCPX Blackrock BalancedPairCorr
  0.97MKEFX Blackrock Eurofund ClassPairCorr
  0.96MKECX Blackrock FundsPairCorr
  0.98MKDCX Blackrock EmergingPairCorr
  0.96MKDVX Blackrock Equity DividendPairCorr
  0.99MKGCX Blackrock AdvantagePairCorr
  0.97MKFOX Blackrock Large CapPairCorr
  0.95MKILX Blackrock International Potential GrowthPairCorr
  0.99BRAPX Blackrock AggressivePairCorr
  0.82BRACX Bats Series CPairCorr
  0.74MKNJX Blackrock New JerseyPairCorr
  0.94MKLOX Blackrock Global AllPairCorr
  0.96BRBCX Blackrock TacticalPairCorr
  0.85BRASX Bats Series SPairCorr
  0.94BRCPX Blackrock ConservativePairCorr
  0.98BRGNX Blckrck Fdsiii RssllPairCorr
  0.98BRGPX Blackrock Gwth PreparedPairCorr
  0.98BRGKX Blckrck Fds IiiPairCorr
  0.99BRGAX Blckrck Fdsiii RssllPairCorr
  0.97BRIAX Blackrock RetirementPairCorr
  0.96BRHYX Blackrock Hi YldPairCorr
  0.99MKSCX Blackrock FundsPairCorr
  0.97MKSPX Blackrock Advantage TotalPairCorr
  0.98BRIDX Blackrock RetirementPairCorr
  0.98BRIEX Blackrock RetirementPairCorr
  0.97BRICX Blackrock RetirementPairCorr
  0.97BRMIX Blackrock Midcap IndexPairCorr
  0.79MKWIX Blackrock StrategicPairCorr
  0.97BRMAX Blackrock Midcap IndexPairCorr
  0.97BRMPX Blackrock ModeratePairCorr
  0.97BRMKX Blackrock Midcap IndexPairCorr
  0.95BROKX Blackrock AdvantagePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mkeax Mutual Fund performing well and Mkeax 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 Mkeax'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.

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