BlackRock Investment Correlations

BKN Stock

USD 11.07 0.10 0.90%

The current 90-days correlation between BlackRock Investment and BlackRock Municipal Income is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BlackRock Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackRock Investment Quality moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BlackRock Investment Correlation With Market

Average diversification

The correlation between BlackRock Investment Quality and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock Investment Quality 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 Investment Quality. 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 BlackRock Stock

0.73	LNDNF	Lundin Energy AB	Pair Corr
0.67	ARDDF	Ardiden Limited	Pair Corr
0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.76	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against BlackRock Stock

0.65	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.52	WMT	Walmart	Pair Corr
0.51	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.39	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	BFK	BLE	BYM	BTA	MVT
BFK		0.98	0.97	0.8	0.96	BFK
BLE	0.98		0.97	0.77	0.95	BLE
BYM	0.97	0.97		0.77	0.98	BYM
BTA	0.8	0.77	0.77		0.76	BTA
MVT	0.96	0.95	0.98	0.76		MVT
	BFK	BLE	BYM	BTA	MVT

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Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock Investment 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 Investment'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BFK	0.45	(0.13)	(1.61)	0.80	(0.97)	1.97
BLE	0.48	(0.13)	(1.95)	0.84	(1.04)	2.49
BYM	0.47	(0.18)	(1.08)	0.88	(1.39)	2.77
BTA	0.67	(0.13)	(1.93)	1.54	(1.46)	5.22
MVT	0.50	(0.13)	(1.36)	1.02	(1.20)	2.57

BlackRock Investment Corporate Management

Henry Gabbay	Independent Trustee	Profile
CFA CFA	Portfolio Mang	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer and Anti-Money Laundering Officer	Profile
Frank Fabozzi	Independent Trustee	Profile

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