Black Knight Correlations

Summary

BKIDelisted Stock

USD 70.80 0.84 1.20%

The current 90-days correlation between Black Knight and Paylocity Holdng is -0.19 (i.e., Good diversification). The correlation of Black Knight 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.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Black Stock

0.63	PETS	PetMed Express	Pair Corr
0.62	MAR	Marriott International	Pair Corr
0.65	GIFI	Gulf Island Fabrication	Pair Corr
0.69	CNOBP	ConnectOne Bancorp	Pair Corr
0.8	XMTR	Xometry Upward Rally	Pair Corr
0.7	EVGR	Evergreen Corp	Pair Corr
0.81	YPF	YPF Sociedad Anonima	Pair Corr
0.7	HUT	Hut 8 Corp	Pair Corr
0.72	FNMFO	Federal National Mortgage	Pair Corr
0.72	RELY	Remitly Global Tech Boost	Pair Corr

Moving against Black Stock

0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.73	PPERF	Bank Mandiri Persero	Pair Corr
0.7	PBCRY	Bank Central Asia	Pair Corr
0.7	PBCRF	PT Bank Central	Pair Corr
0.7	BKRKY	Bank Rakyat	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	BKRKF	PT Bank Rakyat	Pair Corr
0.38	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.35	BYDDY	BYD Co	Pair Corr
0.51	MEDS	Trxade Group Symbol Change	Pair Corr
0.45	251566AA3	DT 3625 21	Pair Corr
0.38	WDLF	Social Life Network	Pair Corr

Related Correlations Analysis

	PCTY	PYCR	BLKB	CWAN	TYL	CVLT	ENV	MANH	AGYS	AZPN
PCTY		0.88	-0.18	0.91	0.83	0.76	0.34	0.12	0.72	0.88	PCTY
PYCR	0.88		-0.38	0.77	0.74	0.69	0.66	0.29	0.82	0.92	PYCR
BLKB	-0.18	-0.38		0.06	-0.11	-0.2	-0.46	0.12	-0.05	-0.2	BLKB
CWAN	0.91	0.77	0.06		0.76	0.74	0.27	0.16	0.77	0.85	CWAN
TYL	0.83	0.74	-0.11	0.76		0.69	0.22	0.29	0.63	0.77	TYL
CVLT	0.76	0.69	-0.2	0.74	0.69		0.41	0.21	0.58	0.77	CVLT
ENV	0.34	0.66	-0.46	0.27	0.22	0.41		0.26	0.55	0.55	ENV
MANH	0.12	0.29	0.12	0.16	0.29	0.21	0.26		0.55	0.31	MANH
AGYS	0.72	0.82	-0.05	0.77	0.63	0.58	0.55	0.55		0.85	AGYS
AZPN	0.88	0.92	-0.2	0.85	0.77	0.77	0.55	0.31	0.85		AZPN
	PCTY	PYCR	BLKB	CWAN	TYL	CVLT	ENV	MANH	AGYS	AZPN

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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

AZPN	+ 0.92	PYCR
CWAN	+ 0.91	PCTY
PYCR	+ 0.88	PCTY
AZPN	+ 0.88	PCTY
AZPN	+ 0.85	CWAN
AZPN	+ 0.85	AGYS

High negative correlations

ENV	- 0.46	BLKB
BLKB	- 0.38	PYCR
AZPN	- 0.2	BLKB
CVLT	- 0.2	BLKB
BLKB	- 0.18	PCTY
TYL	- 0.11	BLKB

Risk-Adjusted Indicators

There is a big difference between Black Stock performing well and Black Knight 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 Black Knight'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
PCTY	1.39	0.25	0.15	0.17	1.49	(1.49)	3.31	(2.80)	12.80
PYCR	1.47	0.40	0.19	0.44	1.60	(1.55)	3.12	(3.11)	7.33
BLKB	1.48	(0.19)	0.00	(0.10)	0.00	0.00	2.83	(2.68)	16.70
CWAN	1.55	0.16	0.07	0.13	1.96	(1.47)	2.80	(3.23)	20.31
TYL	0.97	0.05	0.04	0.14	1.01	(1.21)	2.06	(1.84)	7.85
CVLT	2.00	0.07	0.03	0.07	2.53	(2.25)	4.06	(3.73)	28.61
ENV	0.09	0.00	(0.17)	(0.11)	0.09	(0.10)	0.22	(0.22)	0.68
MANH	1.36	0.01	0.01	0.03	2.08	(1.41)	3.13	(3.75)	10.03
AGYS	2.06	0.41	0.12	0.18	3.22	(2.00)	4.40	(5.24)	19.98
AZPN	0.81	0.05	0.04	0.10	0.97	(0.89)	1.68	(1.96)	5.64

View Black Knight Related Equities

Paylocity Holdng Paycor HCM Blackbaud Clearwater Analytics Holdings Tyler Technologies CommVault Systems Envestnet Manhattan Associates Agilysys Aspen Technology Alkami Technology Mix Telemats ADEIA P Model N Powerschool Holdings

Risk & Return

Correlation

Still Interested in Black Knight?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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