Mkeax Correlations

MKEAX Fund

15.16 0.10 0.66%

The current 90-days correlation between Mkeax and Diversified Bond Fund is -0.09 (i.e., Good 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

0.85	MKCPX	Blackrock Balanced	Pair Corr
0.78	MKEFX	Blackrock Eurofund Class	Pair Corr
0.77	MKECX	Blackrock Funds	Pair Corr
0.81	MKDCX	Blackrock Emerging	Pair Corr
0.61	MKDVX	Blackrock Equity Dividend	Pair Corr
0.81	MKGCX	Blackrock Advantage	Pair Corr
0.91	MKFOX	Blackrock Large Cap	Pair Corr
0.78	MKILX	Blackrock International	Pair Corr
0.92	BRAPX	Blackrock Aggressive	Pair Corr
0.62	BRAMX	Bats Series M	Pair Corr
0.7	BRACX	Bats Series C	Pair Corr
0.64	MKNKX	Blackrock New York	Pair Corr
0.64	MKNJX	Blackrock New Jersey	Pair Corr
0.9	MKLOX	Blackrock Global All	Pair Corr
0.84	BRCPX	Blackrock Conservative	Pair Corr
0.93	BRGNX	Blckrck Fdsiii Rssll	Pair Corr
0.91	BRGPX	Blackrock Gwth Prepared	Pair Corr
0.84	BRGKX	Blckrck Fds Iii	Pair Corr
0.93	BRGAX	Blckrck Fdsiii Rssll	Pair Corr
0.81	BRIAX	Blackrock Retirement	Pair Corr
0.73	BRHYX	Blackrock Hi Yld	Pair Corr
0.8	BRICX	Blackrock Retirement	Pair Corr
0.69	MKWIX	Blackrock Strategic	Pair Corr
0.89	BRMPX	Blackrock Moderate	Pair Corr
0.83	BROIX	Blackrock Glbl Opprtnts	Pair Corr
0.83	BROAX	Blackrock Global Opp	Pair Corr
0.79	BABDX	Blackrock Gbl Dividend	Pair Corr
0.92	BAAPX	Blackrock Aggressive	Pair Corr
0.84	BACPX	Blackrock Conservative	Pair Corr
0.91	BAGPX	Blackrock Gwth Ptf	Pair Corr

Moving against Mkeax Mutual Fund

0.52

BRBCX

Blackrock Tactical

Pair Corr

Related Correlations Analysis

	CDBCX	ACV	GPICX	QDARX	PQCNX	DIFIX	ADFIX
CDBCX		0.79	0.84	0.69	0.95	0.85	0.99	CDBCX
ACV	0.79		0.93	0.89	0.79	0.74	0.83	ACV
GPICX	0.84	0.93		0.9	0.84	0.81	0.87	GPICX
QDARX	0.69	0.89	0.9		0.72	0.64	0.74	QDARX
PQCNX	0.95	0.79	0.84	0.72		0.87	0.96	PQCNX
DIFIX	0.85	0.74	0.81	0.64	0.87		0.86	DIFIX
ADFIX	0.99	0.83	0.87	0.74	0.96	0.86		ADFIX
	CDBCX	ACV	GPICX	QDARX	PQCNX	DIFIX	ADFIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDBCX	0.17	0.03	0.04	0.38	0.00	(0.21)	0.33	(0.22)	0.98
ACV	0.67	0.17	0.14	0.29	0.81	(0.69)	1.57	(1.30)	5.16
GPICX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	(0.10)	0.42
QDARX	0.07	0.01	(0.05)	0.36	0.00	(0.10)	0.15	(0.08)	0.31
PQCNX	0.18	0.00	0.03	0.00	0.07	(0.21)	0.35	(0.34)	1.03
DIFIX	0.21	0.01	(0.02)	0.06	0.18	(0.25)	0.48	(0.40)	1.29
ADFIX	0.17	0.03	0.05	0.51	0.00	(0.21)	0.33	(0.32)	0.87

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