Blackstone Correlations

Stocks . Germany . 
Stock . Blackstone Group
BBN1 Stock  EUR 136.60  1.72  1.24%   
The current 90-days correlation between Blackstone Group and Monument Mining Limited is 0.08 (i.e., Significant diversification). The correlation of Blackstone 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 Correlation With Market

Weak diversification

The correlation between Blackstone Group and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Blackstone 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 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 - 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 Group to buy it.

Moving together with Blackstone Stock

  0.93A4S Ameriprise FinancialPairCorr
  0.86ZYA State StreetPairCorr
  0.96TR1 T Rowe PricePairCorr
  0.90QN Ares Management CorpPairCorr
  0.85PQ9 PT Bank MandiriPairCorr
  0.94PQ9 BANK MANDIRIPairCorr
  0.89PQ9 BANK MANDIRIPairCorr
  0.87PQ9 BANK MANDIRIPairCorr
  0.82BYRA BANK RAKYAT INDPairCorr
  0.64BYRA PT Bank RakyatPairCorr
  0.86BYRA BANK RAKYAT INDPairCorr
  0.72BYRA PT Bank RakyatPairCorr
  0.88BZG2 BANK CENTRAL ASIAPairCorr
  0.83BZG2 BANK CENTRAL ASIAPairCorr
  0.73DBPD Xtrackers ShortDAXPairCorr

Moving against Blackstone Stock

  0.9TKA thyssenkrupp AGPairCorr
  0.895TP BLUE LABELPairCorr
  0.88BSN Danone SAPairCorr
  0.843RE Rejlerkoncernen ABPairCorr
  0.83JYS1 JYSKE BANKPairCorr
  0.72DBPE Xtrackers LevDAXPairCorr
  0.59TLLB Trelleborg ABPairCorr
  0.54KEI KEISEI EL RAILWAY SplitPairCorr
  0.5E908 Lyxor 1PairCorr
  0.48ROM Rohm CoPairCorr
  0.39MRG Outcrop Silver GoldPairCorr
  0.36HUKI HUHTAMAKIPairCorr
  0.31T62 TOHO ZINC LTDPairCorr

Related Correlations Analysis

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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   
M8Z
+ 0.88
US8
MQ8
+ 0.85
DGD
DGD
+ 0.79
D7Q1
MQ8
+ 0.62
D7Q1
FFC0
+ 0.51
MQ8
FFC0
+ 0.5
DGD
  
High negative correlations   
M8Z
- 0.53
DGD
M8Z
- 0.5
D7Q1
MQ8
- 0.49
RSM0
FFC0
- 0.48
RSM0
H0O
- 0.47
US8
RSM0
- 0.45
DGD

Risk-Adjusted Indicators

There is a big difference between Blackstone Stock performing well and Blackstone 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'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackstone 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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Crypto Correlations

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Blackstone Corporate Management

Elected by the shareholders, the Blackstone's board of directors comprises two types of representatives: Blackstone 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's management team and ensure that shareholders' interests are well served. Blackstone'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's outside directors are responsible for providing unbiased perspectives on the board's policies.
Hamilton JamesExecutive Vice Chairman, Director of the General PartnerProfile
Christine FengSenior Managing DirectorProfile
William SteinManaging YorkProfile
Rochelle LazarusIndependent Director of the General PartnerProfile
James BreyerIndependent Director of the General PartnerProfile
Ruth PoratDirectorProfile
Jonathan CIMAPresident, PartnerProfile
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