BlackRock TCP Correlations

TCPC Stock

USD 7.59 0.05 0.65%

The current 90-days correlation between BlackRock TCP Capital and Triplepoint Venture Growth is -0.03 (i.e., Good diversification). The correlation of BlackRock TCP 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.

BlackRock TCP Correlation With Market

Modest diversification

The correlation between BlackRock TCP Capital and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock TCP Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackRock Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BlackRock TCP Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with BlackRock Stock

0.62	AGM	Federal Agricultural	Pair Corr
0.89	AXP	American Express	Pair Corr
0.83	PNNT	PennantPark Investment	Pair Corr
0.82	C	Citigroup Aggressive Push	Pair Corr
0.81	L	Loews Corp Earnings Call This Week	Pair Corr
0.84	DHIL	Diamond Hill Investment	Pair Corr
0.87	AC	Associated Capital	Pair Corr
0.79	AX	Axos Financial Earnings Call This Week	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.69	BX	Blackstone Group	Pair Corr
0.62	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.83	CG	Carlyle Group Earnings Call Today	Pair Corr
0.87	CM	Canadian Imperial Bank	Pair Corr
0.85	DB	Deutsche Bank AG Earnings Call Today	Pair Corr
0.85	GS	Goldman Sachs Group	Pair Corr
0.86	HG	Hamilton Insurance Group,	Pair Corr
0.82	IX	Orix Corp Ads Normal Trading	Pair Corr
0.87	KB	KB Financial Group	Pair Corr
0.64	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.79	MC	Moelis	Pair Corr
0.9	MS	Morgan Stanley	Pair Corr
0.65	PB	Prosperity Bancshares	Pair Corr
0.75	QD	Qudian Inc	Pair Corr
0.76	RF	Regions Financial Normal Trading	Pair Corr

Moving against BlackRock Stock

0.8	FG	FG Annuities Life	Pair Corr
0.53	EG	Everest Group Earnings Call This Week	Pair Corr
0.69	WU	Western Union Earnings Call This Week	Pair Corr
0.57	VALU	Value Line	Pair Corr
0.37	LX	Lexinfintech Holdings Normal Trading	Pair Corr

Related Correlations Analysis

	TPVG	TSLX	GBDC	NMFC	CGBD	FDUS	WHF
TPVG		0.98	0.9	0.88	-0.08	0.92	-0.46	TPVG
TSLX	0.98		0.9	0.9	-0.09	0.95	-0.48	TSLX
GBDC	0.9	0.9		0.91	0.05	0.95	-0.46	GBDC
NMFC	0.88	0.9	0.91		-0.14	0.91	-0.59	NMFC
CGBD	-0.08	-0.09	0.05	-0.14		0.07	0.65	CGBD
FDUS	0.92	0.95	0.95	0.91	0.07		-0.38	FDUS
WHF	-0.46	-0.48	-0.46	-0.59	0.65	-0.38		WHF
	TPVG	TSLX	GBDC	NMFC	CGBD	FDUS	WHF

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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

TSLX	+ 0.98	TPVG
FDUS	+ 0.95	TSLX
FDUS	+ 0.95	GBDC
FDUS	+ 0.92	TPVG
NMFC	+ 0.91	GBDC
FDUS	+ 0.91	NMFC

High negative correlations

WHF	- 0.59	NMFC
WHF	- 0.48	TSLX
WHF	- 0.46	GBDC
WHF	- 0.46	TPVG
WHF	- 0.38	FDUS
CGBD	- 0.14	NMFC

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock TCP 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 TCP'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
TPVG	1.48	0.41	0.09	(1.46)	1.42	(1.68)	3.59	(2.57)	11.08
TSLX	0.80	0.37	0.09	(1.53)	0.81	(0.89)	1.74	(1.76)	4.68
GBDC	0.79	0.07	(0.03)	0.33	0.98	(0.83)	1.45	(1.89)	4.81
NMFC	0.90	0.05	(0.01)	0.29	0.88	(1.04)	1.94	(1.82)	6.31
CGBD	1.01	(0.18)	0.00	(0.03)	0.00	0.00	2.00	(3.15)	6.30
FDUS	0.86	0.17	0.06	0.55	0.79	(0.98)	1.87	(1.61)	5.04
WHF	0.91	(0.13)	0.00	(0.14)	0.00	0.00	1.74	(2.24)	5.87

BlackRock TCP Corporate Management

Laurence Esq	General Secretary	Profile
Jason Mehring	Managing Director	Profile
Robert CPA	Managing Director	Profile
Patrick Wolfe	Chief Officer	Profile
Charles Park	Interim Officer	Profile
Rajneesh CPA	Chairman CEO	Profile

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