BlackRock Capital Correlations

BCAT Stock

USD 14.46 0.01 0.07%

The current 90-days correlation between BlackRock Capital and BlackRock Health Sciences is 0.47 (i.e., Very weak diversification). The correlation of BlackRock Capital 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.

BlackRock Capital Correlation With Market

Very weak diversification

The correlation between BlackRock Capital Allocation and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock Capital Allocation 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 BlackRock Capital Allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with BlackRock Stock

0.64	V	Visa Class A	Pair Corr
0.66	AC	Associated Capital Normal Trading	Pair Corr
0.75	GS	Goldman Sachs Group	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.64	MS	Morgan Stanley	Pair Corr
0.69	GCMGW	GCM Grosvenor	Pair Corr

Moving against BlackRock Stock

0.47	TW	Tradeweb Markets	Pair Corr
0.4	DHIL	Diamond Hill Investment	Pair Corr
0.36	VRTS	Virtus Investment	Pair Corr
0.33	DISTW	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	BMEZ	BSTZ	NBXG	AIO	BIGZ	BME	BGR	BDJ	BUI	CII
BMEZ		0.23	0.67	0.28	0.45	0.91	0.65	0.85	0.33	0.51	BMEZ
BSTZ	0.23		0.79	0.93	0.75	0.11	0.07	-0.02	0.5	0.9	BSTZ
NBXG	0.67	0.79		0.82	0.76	0.61	0.52	0.53	0.54	0.91	NBXG
AIO	0.28	0.93	0.82		0.86	0.24	0.02	0.08	0.36	0.93	AIO
BIGZ	0.45	0.75	0.76	0.86		0.44	0.05	0.22	0.07	0.86	BIGZ
BME	0.91	0.11	0.61	0.24	0.44		0.67	0.91	0.2	0.45	BME
BGR	0.65	0.07	0.52	0.02	0.05	0.67		0.79	0.5	0.25	BGR
BDJ	0.85	-0.02	0.53	0.08	0.22	0.91	0.79		0.29	0.31	BDJ
BUI	0.33	0.5	0.54	0.36	0.07	0.2	0.5	0.29		0.48	BUI
CII	0.51	0.9	0.91	0.93	0.86	0.45	0.25	0.31	0.48		CII
	BMEZ	BSTZ	NBXG	AIO	BIGZ	BME	BGR	BDJ	BUI	CII

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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

AIO	+ 0.93	BSTZ
CII	+ 0.93	AIO
BME	+ 0.91	BMEZ
CII	+ 0.91	NBXG
BDJ	+ 0.91	BME
CII	+ 0.9	BSTZ

High negative correlations

BDJ

- 0.02

BSTZ

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock Capital 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 Capital'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
BMEZ	0.92	0.07	0.07	0.08	0.92	(1.09)	1.70	(1.48)	8.30
BSTZ	1.35	(0.09)	0.00	(0.08)	0.00	0.00	2.36	(2.63)	9.20
NBXG	1.04	0.02	0.01	0.02	1.49	(1.07)	2.07	(1.98)	7.23
AIO	1.22	(0.12)	0.00	(0.12)	0.00	0.00	2.46	(2.71)	10.06
BIGZ	1.24	(0.19)	0.00	(0.46)	0.00	0.00	2.58	(3.03)	9.54
BME	0.62	0.06	0.08	(0.53)	0.65	(0.69)	1.15	(1.29)	3.50
BGR	0.74	0.15	0.17	0.32	0.66	(0.83)	1.50	(1.27)	4.09
BDJ	0.70	0.11	0.13	0.15	0.64	(0.82)	1.63	(1.25)	3.50
BUI	0.77	0.04	0.04	0.13	0.92	(0.75)	1.81	(1.59)	4.21
CII	0.74	(0.03)	0.00	(0.04)	0.00	0.00	1.54	(1.79)	4.39

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