Blackstone Alternative Correlations
| BXMYX Fund | USD 11.25 0.01 0.09% |
The current 90-days correlation between Blackstone Alternative and Transamerica Asset Allocation is -0.18 (i.e., Good diversification). The correlation of Blackstone Alternative 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.
Blackstone Alternative Correlation With Market
Good diversification
The correlation between Blackstone Alternative Multi S and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Alternative Multi S and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Blackstone Mutual Fund
Related Correlations Analysis
| 0.89 | 0.98 | 0.91 | 0.9 | 0.9 | 0.64 | TAAKX | ||
| 0.89 | 0.86 | 0.98 | 0.98 | 0.98 | 0.55 | PHJTX | ||
| 0.98 | 0.86 | 0.89 | 0.87 | 0.9 | 0.67 | MCGFX | ||
| 0.91 | 0.98 | 0.89 | 0.97 | 0.99 | 0.64 | OWLSX | ||
| 0.9 | 0.98 | 0.87 | 0.97 | 0.95 | 0.63 | MSTGX | ||
| 0.9 | 0.98 | 0.9 | 0.99 | 0.95 | 0.64 | RTLCX | ||
| 0.64 | 0.55 | 0.67 | 0.64 | 0.63 | 0.64 | OPTCX | ||
Risk-Adjusted Indicators
There is a big difference between Blackstone Mutual Fund performing well and Blackstone Alternative 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 Blackstone Alternative'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TAAKX | 0.50 | 0.02 | 0.00 | 0.14 | 0.42 | 1.32 | 2.90 | |||
| PHJTX | 0.25 | 0.06 | (0.16) | (2.92) | 0.03 | 0.56 | 1.36 | |||
| MCGFX | 0.57 | 0.03 | 0.01 | 0.14 | 0.50 | 1.41 | 3.70 | |||
| OWLSX | 0.40 | 0.09 | (0.06) | (0.56) | 0.29 | 0.97 | 2.22 | |||
| MSTGX | 0.26 | 0.04 | (0.14) | (7.40) | 0.22 | 0.60 | 1.34 | |||
| RTLCX | 0.48 | 0.11 | (0.03) | (0.49) | 0.40 | 1.10 | 2.78 | |||
| OPTCX | 0.19 | 0.01 | (0.23) | 0.15 | 0.00 | 0.51 | 1.12 |