Mkeax Correlations

Mutual Funds . USA . 
Fund . Mkeax
MKEAX Fund   12.45  0.51  3.94%   
The current 90-days correlation between Mkeax and Ab High Income is 0.41 (i.e., Very weak 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

Very good diversification

The correlation between Mkeax and DJI is -0.25 (i.e., Very 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

  0.73MKCPX Blackrock BalancedPairCorr
  0.64MKEFX Blackrock Eurofund ClassPairCorr
  0.76MKECX Blackrock FundsPairCorr
  0.62MKDVX Blackrock Equity DividendPairCorr
  0.81MKGCX Blackrock AdvantagePairCorr
  0.85MKFOX Blackrock Large CapPairCorr
  0.63MKILX Blackrock InternationalPairCorr
  0.95BRAPX Blackrock AggressivePairCorr
  0.64MKNKX Blackrock New YorkPairCorr
  0.9MKLOX Blackrock Global AllPairCorr
  0.63BRBCX Blackrock TacticalPairCorr
  0.62MKPYX Blackrock PennsylvaniaPairCorr
  0.93BRGNX Blckrck Fdsiii RssllPairCorr
  0.88BRGPX Blackrock Gwth PreparedPairCorr
  0.93BRGKX Blckrck Fds IiiPairCorr
  0.93BRGAX Blckrck Fdsiii RssllPairCorr
  0.71BRHYX Blackrock Hi YldPairCorr
  0.88MKSCX Blackrock FundsPairCorr
  0.92MKSPX Blackrock Advantage TotalPairCorr
  0.81BRICX Blackrock RetirementPairCorr
  0.92BRMIX Blackrock Midcap IndexPairCorr
  0.92BRMAX Blackrock Midcap IndexPairCorr
  0.86BRMPX Blackrock ModeratePairCorr
  0.92BRMKX Blackrock Midcap IndexPairCorr

Moving against Mkeax Mutual Fund

  0.51BRAMX Bats Series MPairCorr
  0.6BRASX Bats Series SPairCorr
  0.5MKWIX Blackrock StrategicPairCorr
  0.32MKYHX Blackrock High YieldPairCorr

Related Correlations Analysis

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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   
SISAX
+ 1.0
AGTFX
AHYMX
+ 0.98
ABTHX
MWHIX
+ 0.89
AHYMX
MWHIX
+ 0.83
ABTHX
MWHIX
+ 0.73
SISAX
MWHIX
+ 0.68
AGTFX
  
High negative correlations   
RYIHX
- 0.9
SISAX
MWHIX
- 0.89
RYIHX
RYIHX
- 0.87
AGTFX
RYIHX
- 0.76
AHYMX
RYIHX
- 0.68
ABTHX

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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