BlackRock Correlations

BLK Stock

USD 1,161 0.15 0.01%

The current 90-days correlation between BlackRock and KKR Co LP is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BlackRock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackRock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BlackRock Correlation With Market

Poor diversification

The correlation between BlackRock and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackRock Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy BlackRock Stock please use our How to buy in BlackRock Stock guide.

Moving together with BlackRock Stock

0.77	TY	Tri Continental Closed	Pair Corr
0.67	WT	WisdomTree Potential Growth	Pair Corr
0.77	ECAT	BlackRock ESG Capital	Pair Corr
0.65	ETX	Eaton Vance Municipal	Pair Corr
0.71	AAMI	Acadian Asset Management Symbol Change	Pair Corr
0.64	CGI	Canadian General Inv	Pair Corr
0.65	INBX	Inhibrx Biosciences,	Pair Corr
0.66	AMPX	Amprius Technologies	Pair Corr
0.62	MBI	MBIA Inc	Pair Corr
0.76	ACSAY	ACS Actividades De	Pair Corr
0.61	94986RYP0	US94986RYP09	Pair Corr
0.74	TR	Tootsie Roll Industries	Pair Corr
0.84	KTOS	Kratos Defense Security	Pair Corr
0.7	DSVSF	Discovery Metals Corp	Pair Corr

Moving against BlackRock Stock

0.63	HRZN	Horizon Technology	Pair Corr
0.62	NCPL	Netcapital	Pair Corr
0.6	ARCC	Ares Capital	Pair Corr
0.44	LNDNF	Lundin Energy AB	Pair Corr
0.31	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	KKR	APO	BAM	CG	BEN	MAIN	BX	ARCC	BK	NTRS
KKR		0.71	0.68	0.22	0.34	0.3	0.46	0.58	-0.14	-0.28	KKR
APO	0.71		0.35	-0.37	0.09	-0.25	-0.06	0.64	-0.59	-0.45	APO
BAM	0.68	0.35		0.33	0.33	0.43	0.43	0.28	0.21	-0.13	BAM
CG	0.22	-0.37	0.33		0.05	0.8	0.9	-0.38	0.84	0.44	CG
BEN	0.34	0.09	0.33	0.05		0.27	-0.13	0.62	-0.28	-0.41	BEN
MAIN	0.3	-0.25	0.43	0.8	0.27		0.7	0.05	0.61	0.04	MAIN
BX	0.46	-0.06	0.43	0.9	-0.13	0.7		-0.29	0.74	0.39	BX
ARCC	0.58	0.64	0.28	-0.38	0.62	0.05	-0.29		-0.69	-0.7	ARCC
BK	-0.14	-0.59	0.21	0.84	-0.28	0.61	0.74	-0.69		0.57	BK
NTRS	-0.28	-0.45	-0.13	0.44	-0.41	0.04	0.39	-0.7	0.57		NTRS
	KKR	APO	BAM	CG	BEN	MAIN	BX	ARCC	BK	NTRS

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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

BX	+ 0.9	CG
BK	+ 0.84	CG
MAIN	+ 0.8	CG
BK	+ 0.74	BX
APO	+ 0.71	KKR
BX	+ 0.7	MAIN

High negative correlations

NTRS	- 0.7	ARCC
BK	- 0.69	ARCC
BK	- 0.59	APO
NTRS	- 0.45	APO
NTRS	- 0.41	BEN
ARCC	- 0.38	CG

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock Company 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'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
KKR	1.57	(0.21)	0.00	(0.03)	0.00	0.00	3.42	(2.75)	10.58
APO	1.42	(0.27)	0.00	(0.13)	0.00	0.00	2.48	(3.27)	10.13
BAM	1.35	(0.05)	0.01	0.04	1.49	(1.52)	2.79	(2.33)	7.97
CG	1.59	0.12	0.10	0.13	1.61	(1.84)	3.30	(3.06)	9.43
BEN	1.04	(0.15)	0.00	(0.03)	0.00	0.00	2.25	(1.86)	7.95
MAIN	0.85	0.05	0.02	0.15	1.00	(0.90)	1.68	(1.67)	6.43
BX	1.42	0.05	0.06	0.10	1.29	(1.72)	3.57	(2.18)	8.01
ARCC	0.63	(0.15)	0.00	(0.31)	0.00	0.00	1.13	(1.67)	4.44
BK	0.75	0.27	0.17	(0.77)	0.76	(0.83)	1.60	(1.64)	4.82
NTRS	1.00	(0.04)	(0.04)	0.01	1.23	(1.05)	2.00	(2.26)	6.17

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