Blackstone Mortgage Correlations

BXMT Stock

USD 19.51 0.36 1.81%

The current 90-days correlation between Blackstone Mortgage Trust and Starwood Property Trust is 0.79 (i.e., Poor diversification). The correlation of Blackstone Mortgage 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 Mortgage Correlation With Market

Very weak diversification

The correlation between Blackstone Mortgage Trust and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Mortgage Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Blackstone Stock

0.7	V	Visa Class A Sell-off Trend	Pair Corr
0.84	DB	Deutsche Bank AG	Pair Corr
0.91	DX	Dynex Capital	Pair Corr
0.87	LU	Lufax Holding	Pair Corr
0.86	LX	Lexinfintech Holdings	Pair Corr
0.87	XP	Xp Inc	Pair Corr
0.83	DMYY	dMY Squared Technology	Pair Corr
0.79	DOMH	Dominari Holdings	Pair Corr
0.75	DYCQ	DT Cloud Acquisition	Pair Corr
0.77	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Blackstone Stock

0.86	LC	LendingClub Corp	Pair Corr
0.82	WD	Walker Dunlop	Pair Corr
0.8	WT	WisdomTree	Pair Corr
0.79	BX	Blackstone Group	Pair Corr
0.7	CG	Carlyle Group	Pair Corr
0.68	MC	Moelis	Pair Corr
0.66	SF	Stifel Financial	Pair Corr
0.65	PX	P10 Inc	Pair Corr
0.64	RC	Ready Capital Corp	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.52	RM	Regional Management Corp	Pair Corr
0.47	BN	Brookfield Corp	Pair Corr
0.38	MS	Morgan Stanley	Pair Corr
0.35	DIST	Distoken Acquisition	Pair Corr
0.91	VRTS	Virtus Investment	Pair Corr
0.76	LGHLW	Lion Financial Group	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.54	EARN	Ellington Residential	Pair Corr
0.44	VCTR	Victory Capital Holdings	Pair Corr
0.33	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	STWD	RITM	AGNC	ACRE	ABR	RC	TWO	ARI	EARN
STWD		0.85	0.83	-0.76	-0.65	-0.59	0.93	0.87	-0.45	STWD
RITM	0.85		0.92	-0.57	-0.42	-0.28	0.89	0.8	-0.17	RITM
AGNC	0.83	0.92		-0.63	-0.46	-0.37	0.94	0.83	-0.14	AGNC
ACRE	-0.76	-0.57	-0.63		0.81	0.75	-0.79	-0.89	0.61	ACRE
ABR	-0.65	-0.42	-0.46	0.81		0.67	-0.64	-0.62	0.52	ABR
RC	-0.59	-0.28	-0.37	0.75	0.67		-0.58	-0.6	0.76	RC
TWO	0.93	0.89	0.94	-0.79	-0.64	-0.58		0.92	-0.36	TWO
ARI	0.87	0.8	0.83	-0.89	-0.62	-0.6	0.92		-0.43	ARI
EARN	-0.45	-0.17	-0.14	0.61	0.52	0.76	-0.36	-0.43		EARN
	STWD	RITM	AGNC	ACRE	ABR	RC	TWO	ARI	EARN

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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

TWO	+ 0.94	AGNC
TWO	+ 0.93	STWD
AGNC	+ 0.92	RITM
ARI	+ 0.92	TWO
TWO	+ 0.89	RITM
ARI	+ 0.87	STWD

High negative correlations

ARI	- 0.89	ACRE
TWO	- 0.79	ACRE
ACRE	- 0.76	STWD
ABR	- 0.65	STWD
TWO	- 0.64	ABR
ACRE	- 0.63	AGNC

Risk-Adjusted Indicators

There is a big difference between Blackstone Stock performing well and Blackstone Mortgage 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 Blackstone Mortgage'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
STWD	0.85	0.14	0.14	0.14	0.95	(0.87)	1.94	(1.62)	4.82
RITM	0.93	0.18	0.16	0.15	1.02	(1.02)	2.67	(2.02)	6.47
AGNC	0.88	0.12	0.12	0.11	0.97	(1.01)	1.91	(1.67)	5.02
ACRE	1.70	(0.33)	0.00	(0.39)	0.00	0.00	2.91	(3.81)	16.02
ABR	1.35	(0.19)	0.00	0.94	0.00	0.00	2.49	(2.68)	15.82
RC	1.91	(0.30)	0.00	(0.22)	0.00	0.00	3.10	(2.99)	31.33
TWO	1.08	0.26	0.21	0.26	1.03	(1.18)	2.25	(1.60)	10.25
ARI	1.04	0.16	0.20	(3.22)	0.90	(1.36)	2.32	(1.67)	11.62
EARN	1.00	(0.25)	0.00	(0.71)	0.00	0.00	1.77	(3.21)	8.09

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