BlackRock Correlations

BLK Stock

USD 958.62 0.62 0.06%

The current 90-days correlation between BlackRock and KKR Co LP is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BlackRock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlackRock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BlackRock Correlation With Market

Poor diversification

The correlation between BlackRock and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy BlackRock Stock please use our How to buy in BlackRock Stock guide.

Moving together with BlackRock Stock

0.62	DHIL	Diamond Hill Investment	Pair Corr
0.62	BN	Brookfield Corp	Pair Corr
0.63	BX	Blackstone Group Normal Trading	Pair Corr
0.76	CG	Carlyle Group	Pair Corr
0.73	LC	LendingClub Corp	Pair Corr
0.69	MC	Moelis	Pair Corr
0.62	PX	P10 Inc	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr
0.66	RM	Regional Management Corp	Pair Corr
0.74	SF	Stifel Financial	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.63	VCTR	Victory Capital Holdings	Pair Corr

Moving against BlackRock Stock

0.73	LU	Lufax Holding	Pair Corr
0.65	DB	Deutsche Bank AG Buyout Trend	Pair Corr
0.64	DX	Dynex Capital	Pair Corr
0.53	LX	Lexinfintech Holdings	Pair Corr
0.66	DMYY	dMY Squared Technology	Pair Corr
0.52	DOMH	Dominari Holdings	Pair Corr
0.47	XP	Xp Inc	Pair Corr
0.44	WU	Western Union	Pair Corr
0.33	PT	Pintec Technology	Pair Corr
0.31	TW	Tradeweb Markets	Pair Corr
0.72	DYCQ	DT Cloud Acquisition	Pair Corr
0.62	EMCG	Embrace Change Acqui	Pair Corr
0.6	VMCA	Valuence Merger Corp	Pair Corr
0.42	EMCGU	Embrace Change Acqui	Pair Corr
0.34	EMCGR	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	KKR	APO	BAM	CG	BEN	MAIN	BX	ARCC	BK	NTRS
KKR		0.94	0.74	0.95	0.35	0.42	0.54	0.36	0.11	0.49	KKR
APO	0.94		0.69	0.89	0.37	0.3	0.56	0.16	-0.04	0.39	APO
BAM	0.74	0.69		0.85	0.6	0.79	0.36	0.69	0.55	0.88	BAM
CG	0.95	0.89	0.85		0.37	0.6	0.49	0.53	0.26	0.63	CG
BEN	0.35	0.37	0.6	0.37		0.56	0.21	0.47	0.44	0.64	BEN
MAIN	0.42	0.3	0.79	0.6	0.56		0.26	0.92	0.75	0.91	MAIN
BX	0.54	0.56	0.36	0.49	0.21	0.26		0.21	-0.2	0.18	BX
ARCC	0.36	0.16	0.69	0.53	0.47	0.92	0.21		0.81	0.84	ARCC
BK	0.11	-0.04	0.55	0.26	0.44	0.75	-0.2	0.81		0.79	BK
NTRS	0.49	0.39	0.88	0.63	0.64	0.91	0.18	0.84	0.79		NTRS
	KKR	APO	BAM	CG	BEN	MAIN	BX	ARCC	BK	NTRS

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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

CG	+ 0.95	KKR
APO	+ 0.94	KKR
ARCC	+ 0.92	MAIN
NTRS	+ 0.91	MAIN
CG	+ 0.89	APO
NTRS	+ 0.88	BAM

High negative correlations

BK	- 0.2	BX
BK	- 0.04	APO

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock 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'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
KKR	2.17	(0.18)	0.00	(0.20)	0.00	0.00	3.64	(6.16)	13.96
APO	1.76	(0.21)	0.00	(0.25)	0.00	0.00	3.45	(4.09)	8.29
BAM	1.81	(0.03)	0.00	(0.12)	0.00	0.00	3.21	(5.34)	11.24
CG	2.06	(0.04)	0.00	(0.12)	0.00	0.00	3.25	(5.65)	10.93
BEN	1.41	0.11	0.07	0.04	1.74	(1.64)	3.02	(2.09)	17.21
MAIN	1.06	0.14	0.12	0.14	1.29	(1.04)	2.83	(2.47)	6.72
BX	1.73	(0.22)	0.00	(0.24)	0.00	0.00	2.72	(4.22)	8.36
ARCC	0.86	0.13	0.15	0.19	1.09	(0.86)	1.54	(2.40)	5.67
BK	1.10	0.16	0.10	0.04	1.43	(1.16)	1.97	(3.18)	11.82
NTRS	1.07	0.08	0.00	(0.02)	0.00	0.00	2.66	(2.88)	9.01

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