Blink Charging Correlations

BLNK Stock

USD 0.99 0.01 1.00%

The current 90-days correlation between Blink Charging and Comfort Systems USA is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blink Charging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blink Charging Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Blink Charging Correlation With Market

Modest diversification

The correlation between Blink Charging Co and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blink Charging Co 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 Blink Charging Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Blink Stock

0.8	DBI	Designer Brands	Pair Corr
0.82	PLCE	Childrens Place	Pair Corr
0.79	CMG	Chipotle Mexican Grill	Pair Corr
0.75	CRI	Carters	Pair Corr
0.77	DHI	DR Horton	Pair Corr
0.71	FUN	Six Flags Entertainment	Pair Corr
0.63	KTB	Kontoor Brands	Pair Corr
0.85	NVR	NVR Inc	Pair Corr
0.72	WHR	Whirlpool	Pair Corr
0.83	WWW	Wolverine World Wide	Pair Corr
0.8	GOLF	Acushnet Holdings Corp	Pair Corr
0.92	JOUT	Johnson Outdoors	Pair Corr
0.61	ONON	On Holding	Pair Corr
0.8	PLAY	Dave Busters Enterta	Pair Corr

Moving against Blink Stock

0.87	PDD	PDD Holdings Aggressive Push	Pair Corr
0.84	JD	JD Inc Adr	Pair Corr
0.82	AZO	AutoZone	Pair Corr
0.66	HAS	Hasbro Inc	Pair Corr
0.62	BZUN	Baozun Inc	Pair Corr
0.87	LTH	Life Time Group	Pair Corr
0.78	MAT	Mattel Inc	Pair Corr
0.71	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY
FIX		0.88	0.99	0.9	0.9	0.87	0.88	0.9	0.06	0.85	FIX
MTZ	0.88		0.87	0.83	0.86	0.74	0.81	0.85	0.04	0.83	MTZ
EME	0.99	0.87		0.91	0.91	0.89	0.89	0.89	0.06	0.81	EME
GVA	0.9	0.83	0.91		0.9	0.81	0.92	0.9	-0.05	0.85	GVA
PWR	0.9	0.86	0.91	0.9		0.91	0.95	0.88	0.11	0.76	PWR
KBR	0.87	0.74	0.89	0.81	0.91		0.91	0.82	0.15	0.65	KBR
ACM	0.88	0.81	0.89	0.92	0.95	0.91		0.89	0.1	0.77	ACM
J	0.9	0.85	0.89	0.9	0.88	0.82	0.89		-0.02	0.83	J
TPC	0.06	0.04	0.06	-0.05	0.11	0.15	0.1	-0.02		-0.25	TPC
DY	0.85	0.83	0.81	0.85	0.76	0.65	0.77	0.83	-0.25		DY
	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY

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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

EME	+ 0.99	FIX
ACM	+ 0.95	PWR
ACM	+ 0.92	GVA
GVA	+ 0.91	EME
PWR	+ 0.91	EME
KBR	+ 0.91	PWR

High negative correlations

DY	- 0.25	TPC
TPC	- 0.05	GVA
TPC	- 0.02	J

Risk-Adjusted Indicators

There is a big difference between Blink Stock performing well and Blink Charging 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 Blink Charging'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
FIX	2.75	(0.21)	0.00	(0.21)	0.00	0.00	5.37	(5.90)	31.92
MTZ	2.37	(0.11)	0.00	0.18	0.00	0.00	4.79	(4.71)	22.88
EME	2.11	(0.15)	0.00	(0.21)	0.00	0.00	4.09	(4.35)	24.49
GVA	1.37	(0.26)	0.00	(0.34)	0.00	0.00	2.25	(2.86)	8.39
PWR	2.10	(0.29)	0.00	1.16	0.00	0.00	3.94	(4.20)	24.41
KBR	1.32	(0.22)	0.00	1.87	0.00	0.00	2.14	(3.05)	7.77
ACM	1.12	(0.25)	0.00	1.29	0.00	0.00	2.10	(2.56)	6.36
J	0.92	(0.12)	0.00	(0.24)	0.00	0.00	1.46	(2.16)	5.32
TPC	2.81	(0.08)	0.03	(0.02)	3.44	(3.03)	3.85	(5.60)	42.81
DY	2.04	(0.08)	0.00	(0.14)	0.00	0.00	4.93	(4.95)	13.28

Blink Charging Corporate Management

Jenifer Yokley	Senior Marketing	Profile
Lisan Peet	Vice HR	Profile
Harsha Kollaramajalu	Executive Manufacturing	Profile
Esq Adv	Executive Counsel	Profile
Mahidhar Reddy	LLC SemaConnect	Profile
Michael CPA	Chief Officer	Profile

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