Blackstone Mortgage Correlations

079A Stock

EUR 18.44 0.08 0.43%

The current 90-days correlation between Blackstone Mortgage Trust and Direct Line Insurance is 0.26 (i.e., Modest 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.

Blackstone Mortgage Correlation With Market

Good diversification

The correlation between Blackstone Mortgage Trust and DJI is -0.01 (i.e., Good 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.

The ability to find closely correlated positions to Blackstone Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackstone Mortgage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackstone Mortgage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackstone Mortgage Trust to buy it.

Moving together with Blackstone Stock

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0.87	DYT1	Dynex Capital	Pair Corr
0.74	45R	GREAT AJAX P	Pair Corr
0.65	70X	LUMENT FINANCE TR	Pair Corr
0.88	19YA	Yiren Digital Earnings Call This Week	Pair Corr
0.79	07M	CN MODERN DAIRY	Pair Corr
0.7	G24	Scout24 SE	Pair Corr
0.74	NH8	Nihon Trim	Pair Corr
0.72	MARA	MARUBENI CORP	Pair Corr
0.77	UWS	Waste Management	Pair Corr
0.78	07M	China Modern Dairy	Pair Corr
0.66	RIT1	Compagnie Financire	Pair Corr
0.65	LL6	MTN GROUP	Pair Corr
0.74	4BB1	BUDWEISER BREWUNSPADR/4	Pair Corr
0.75	AG1	AUTO1 Group SE	Pair Corr
0.7	DLN	DE LONGHI	Pair Corr
0.78	RRTU	RTL GROUP UNSPADR	Pair Corr
0.8	ALVE	ALLIANZ SE UNSPADR	Pair Corr
0.82	IFX	Infineon Technologies	Pair Corr
0.79	PBB	Deutsche Pfandbriefbank	Pair Corr

Moving against Blackstone Stock

0.81	PQ9	BANK MANDIRI	Pair Corr
0.76	PQ9	PT Bank Mandiri	Pair Corr
0.69	41I	ARES MREAL ESTDL	Pair Corr
0.6	BYRA	BANK RAKYAT IND	Pair Corr
0.56	BYRA	PT Bank Rakyat	Pair Corr
0.34	BYRA	BANK RAKYAT IND	Pair Corr
0.43	G91	Globe Trade Centre	Pair Corr

Related Correlations Analysis

	D1LN	4JP	ZFI1	4P7	H0O	WSV2	2OX	EEW
D1LN		0.4	0.72	0.0	0.33	0.85	0.54	0.88	D1LN
4JP	0.4		0.54	0.0	-0.08	0.29	0.53	0.33	4JP
ZFI1	0.72	0.54		0.0	0.4	0.83	0.76	0.77	ZFI1
4P7	0.0	0.0	0.0		0.0	0.0	0.0	0.0	4P7
H0O	0.33	-0.08	0.4	0.0		0.49	0.06	0.43	H0O
WSV2	0.85	0.29	0.83	0.0	0.49		0.61	0.91	WSV2
2OX	0.54	0.53	0.76	0.0	0.06	0.61		0.57	2OX
EEW	0.88	0.33	0.77	0.0	0.43	0.91	0.57		EEW
	D1LN	4JP	ZFI1	4P7	H0O	WSV2	2OX	EEW

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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

EEW	+ 0.91	WSV2
EEW	+ 0.88	D1LN
WSV2	+ 0.85	D1LN
WSV2	+ 0.83	ZFI1
EEW	+ 0.77	ZFI1
2OX	+ 0.76	ZFI1

High negative correlations

H0O	- 0.08	4JP
EEW	- 0.0	4P7
2OX	- 0.0	4P7
WSV2	- 0.0	4P7
H0O	- 0.0	4P7
4P7	- 0.0	ZFI1

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
D1LN	0.75	0.11	0.19	0.42	0.76	(1.10)	1.66	(1.29)	7.57
4JP	1.07	(0.02)	0.00	(0.32)	0.00	0.00	2.23	(2.17)	6.12
ZFI1	1.02	0.06	0.09	2.57	1.31	(1.32)	2.16	(2.10)	8.40
4P7	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
H0O	1.48	0.13	0.08	(11.80)	2.44	(1.95)	3.52	(2.53)	21.97
WSV2	0.95	0.45	0.52	1.73	0.53	(1.15)	2.07	(1.33)	6.46
2OX	2.05	(0.04)	0.00	(0.29)	0.00	0.00	5.93	(4.77)	22.37
EEW	1.27	0.23	0.16	0.76	1.53	(1.66)	2.48	(2.08)	8.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackstone Mortgage without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Blackstone Mortgage Corporate Management

Elected by the shareholders, the Blackstone Mortgage's board of directors comprises two types of representatives: Blackstone Mortgage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackstone. The board's role is to monitor Blackstone Mortgage's management team and ensure that shareholders' interests are well served. Blackstone Mortgage's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackstone Mortgage's outside directors are responsible for providing unbiased perspectives on the board's policies.

Douglas Armer	Executive Vice President Capital Markets and Treasurer	Profile
Weston Tucker	Senior Managing Director, Head - Investor Relations	Profile
Michael Nash	Executive Chairman of the Board	Profile
Jonathan Pollack	Global MD	Profile
Lynne Sagalyn	Independent Director	Profile
Katharine Keenan	President	Profile

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