Blink Charging Correlations

BLNK Stock

USD 0.73 0.02 2.82%

The current 90-days correlation between Blink Charging and Comfort Systems USA is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blink Charging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blink Charging Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Blink Charging Correlation With Market

Weak diversification

The correlation between Blink Charging Co and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blink Charging Co and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blink Charging Co. 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.

Moving together with Blink Stock

0.8	BQ	Boqii Holding Limited	Pair Corr
0.85	RH	RH	Pair Corr
0.78	FLWS	1 800 FLOWERSCOM	Pair Corr
0.79	ABG	Asbury Automotive	Pair Corr
0.94	ASO	Academy Sports Outdoors	Pair Corr
0.74	BBY	Best Buy	Pair Corr
0.87	BGI	Birks Group	Pair Corr
0.89	FND	Floor Decor Holdings	Pair Corr
0.64	GPC	Genuine Parts	Pair Corr
0.67	GPI	Group 1 Automotive	Pair Corr
0.88	HVT	Haverty Furniture	Pair Corr
0.75	LAD	Lithia Motors	Pair Corr
0.81	LOW	Lowes Companies	Pair Corr
0.9	HOUR	Hour Loop	Pair Corr
0.81	JFBR	Jeffs Brands	Pair Corr
0.72	KIRK	Kirklands	Pair Corr
0.71	LOGC	Contextlogic Symbol Change	Pair Corr
0.89	PETS	PetMed Express	Pair Corr
0.8	ARHS	Arhaus Inc Earnings Call Tomorrow	Pair Corr
0.7	SNBR	Sleep Number Corp	Pair Corr
0.87	TTSH	Tile Shop Holdings Earnings Call Tomorrow	Pair Corr
0.83	WH	Wyndham Hotels Resorts	Pair Corr
0.68	EWCZ	European Wax Center	Pair Corr
0.61	BLD	Topbuild Corp	Pair Corr
0.81	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.65	LEG	Leggett Platt	Pair Corr
0.7	LNW	Light Wonder	Pair Corr

Moving against Blink Stock

0.7

RAY

Raytech Holding

Pair Corr

Related Correlations Analysis

	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY
FIX		0.92	0.96	0.85	0.94	0.72	0.92	0.73	0.03	0.94	FIX
MTZ	0.92		0.97	0.87	0.85	0.6	0.92	0.84	0.28	0.93	MTZ
EME	0.96	0.97		0.88	0.87	0.7	0.94	0.84	0.19	0.95	EME
GVA	0.85	0.87	0.88		0.74	0.53	0.87	0.75	0.04	0.92	GVA
PWR	0.94	0.85	0.87	0.74		0.72	0.81	0.62	-0.13	0.87	PWR
KBR	0.72	0.6	0.7	0.53	0.72		0.73	0.6	0.06	0.67	KBR
ACM	0.92	0.92	0.94	0.87	0.81	0.73		0.85	0.23	0.92	ACM
J	0.73	0.84	0.84	0.75	0.62	0.6	0.85		0.38	0.8	J
TPC	0.03	0.28	0.19	0.04	-0.13	0.06	0.23	0.38		0.04	TPC
DY	0.94	0.93	0.95	0.92	0.87	0.67	0.92	0.8	0.04		DY
	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY

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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

EME	+ 0.97	MTZ
EME	+ 0.96	FIX
DY	+ 0.95	EME
PWR	+ 0.94	FIX
DY	+ 0.94	FIX
ACM	+ 0.94	EME

High negative correlations

TPC

- 0.13

PWR

Risk-Adjusted Indicators

There is a big difference between Blink Stock performing well and Blink Charging 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 Blink Charging'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
FIX	3.26	0.25	0.04	0.01	3.95	(3.34)	5.64	(6.52)	19.96
MTZ	2.84	0.35	0.08	0.08	3.41	(3.13)	5.28	(5.57)	19.64
EME	2.47	0.16	0.00	(0.01)	0.00	0.00	4.29	(4.52)	14.62
GVA	1.54	0.03	0.00	(0.10)	0.00	0.00	2.27	(3.84)	10.58
PWR	2.36	0.30	0.09	0.11	2.77	(2.47)	4.20	(4.85)	15.05
KBR	1.68	0.16	0.08	0.04	2.15	(1.87)	3.61	(3.14)	15.04
ACM	1.47	0.11	0.00	(0.02)	0.00	0.00	2.57	(2.88)	11.18
J	1.30	(0.11)	0.00	(0.24)	0.00	0.00	2.34	(3.45)	10.11
TPC	3.30	0.35	0.06	0.06	3.60	(3.83)	4.35	(6.10)	42.81
DY	2.30	0.14	0.00	(0.02)	0.00	0.00	4.93	(5.80)	13.99

Blink Charging Corporate Management

Jenifer Yokley	Senior Marketing	Profile
Lisan Peet	Vice HR	Profile
Harsha Kollaramajalu	Executive Manufacturing	Profile
Esq Adv	Executive Counsel	Profile
Mahidhar Reddy	LLC SemaConnect	Profile
Michael CPA	Chief Officer	Profile

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