Blackstone Gso Correlations

BGX Fund

USD 12.61 0.12 0.94%

The current 90-days correlation between Blackstone Gso Long and First Trust Senior is 0.62 (i.e., Poor diversification). The correlation of Blackstone Gso 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 Gso Correlation With Market

Average diversification

The correlation between Blackstone Gso Long and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Gso Long 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 Gso Long. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Blackstone Fund

0.75	MISAX	Victory Trivalent	Pair Corr
0.68	HWDCX	Hartford World	Pair Corr
0.74	TRIEX	Tiaa Cref International	Pair Corr
0.75	JHYUX	Jpmorgan High Yield	Pair Corr
0.66	TAAQX	Transam Short Term	Pair Corr
0.67	UASBX	Short Term Bond	Pair Corr
0.67	ADX	Adams Diversified Equity	Pair Corr
0.7	WARIX	Western Asset Total	Pair Corr
0.71	MFIRX	Ms Global Fixed	Pair Corr
0.7	DIEFX	Destinations International	Pair Corr
0.74	BERIX	Berwyn Income	Pair Corr
0.68	CWFCX	Carillon Chartwell Short	Pair Corr
0.73	RRPPX	American Funds Retirement	Pair Corr
0.75	BSIIX	Blackrock Strategic	Pair Corr
0.68	SEBFX	Saturna Sustainable Bond	Pair Corr
0.74	PHIYX	High Yield Fund	Pair Corr
0.71	AGDZX	Ab High Income	Pair Corr
0.63	FCEEX	Franklin Fund Allocator	Pair Corr
0.7	ARDC	Ares Dynamic Credit	Pair Corr
0.61	LEOIX	Lazard Enhanced Oppo	Pair Corr
0.66	RQEAX	Resq Dynamic Allocation	Pair Corr
0.79	JAACX	Alternative Asset	Pair Corr
0.77	EISAX	Eagle International Stock	Pair Corr
0.68	BDKAX	Braddock Multi Strategy	Pair Corr
0.65	REMVX	Rbc Emerging Markets	Pair Corr
0.74	TIERX	Tiaa Cref International	Pair Corr
0.78	JAAAX	Alternative Asset	Pair Corr
0.67	AGGNX	Global Gold Fund	Pair Corr
0.7	PQDMX	Prudential Qma Intl	Pair Corr

Related Correlations Analysis

	FCT	NSL	JRO	EVF	BGY	BFK	DSU	JSD	AFT	FAM
FCT		0.0	0.0	0.74	0.41	0.25	0.85	0.0	0.0	0.0	FCT
NSL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NSL
JRO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	JRO
EVF	0.74	0.0	0.0		0.58	0.54	0.56	0.0	0.0	0.0	EVF
BGY	0.41	0.0	0.0	0.58		0.77	0.28	0.0	0.0	0.0	BGY
BFK	0.25	0.0	0.0	0.54	0.77		0.12	0.0	0.0	0.0	BFK
DSU	0.85	0.0	0.0	0.56	0.28	0.12		0.0	0.0	0.0	DSU
JSD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JSD
AFT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AFT
FAM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FAM
	FCT	NSL	JRO	EVF	BGY	BFK	DSU	JSD	AFT	FAM

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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

DSU	+ 0.85	FCT
BFK	+ 0.77	BGY
EVF	+ 0.74	FCT
BGY	+ 0.58	EVF
DSU	+ 0.56	EVF
BFK	+ 0.54	EVF

High negative correlations

FAM	- 0.0	AFT
FAM	- 0.0	JSD
AFT	- 0.0	JSD
FAM	- 0.0	DSU
AFT	- 0.0	DSU
JSD	- 0.0	DSU

Risk-Adjusted Indicators

There is a big difference between Blackstone Fund performing well and Blackstone Gso Fund 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 Gso'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
FCT	0.40	0.04	0.06	0.18	0.40	(0.46)	0.89	(0.78)	3.35
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVF	0.30	0.01	0.00	0.07	0.33	(0.39)	0.65	(0.65)	1.96
BGY	0.77	0.08	0.06	1.03	1.14	(0.76)	1.63	(1.82)	6.88
BFK	0.45	0.01	0.01	0.24	0.50	(0.53)	0.98	(0.91)	2.50
DSU	0.36	0.02	0.03	0.09	0.43	(0.42)	0.85	(0.85)	2.27
JSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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