BlackRock Credit Correlations
| BTZ Stock | USD 10.84 0.01 0.09% |
The current 90-days correlation between BlackRock Credit All and Pimco Corporate Income is 0.65 (i.e., Poor diversification). The correlation of BlackRock Credit 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.
BlackRock Credit Correlation With Market
Weak diversification
The correlation between BlackRock Credit Allocation and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock Credit Allocation and DJI in the same portfolio, assuming nothing else is changed.
BlackRock |
Moving together with BlackRock Stock
| 0.61 | IVZ | Invesco Plc | PairCorr |
| 0.7 | JHG | Janus Henderson Group | PairCorr |
| 0.7 | NMFC | New Mountain Finance | PairCorr |
| 0.8 | NTRS | Northern Trust | PairCorr |
| 0.69 | ALLY | Ally Financial | PairCorr |
| 0.66 | APAM | Artisan Partners Asset | PairCorr |
| 0.65 | BBUC | Brookfield Business Corp | PairCorr |
| 0.8 | TCPC | BlackRock TCP Capital | PairCorr |
| 0.71 | TPVG | Triplepoint Venture Earnings Call This Week | PairCorr |
| 0.66 | AC | Associated Capital | PairCorr |
| 0.62 | BK | Bank of New York | PairCorr |
| 0.65 | BY | Byline Bancorp | PairCorr |
Moving against BlackRock Stock
| 0.41 | PYPL | PayPal Holdings | PairCorr |
| 0.32 | CGBD | Carlyle Secured Lending | PairCorr |
| 0.58 | LC | LendingClub Corp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BlackRock Stock performing well and BlackRock Credit 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 Credit'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTY | 0.18 | 0.03 | 0.10 | 0.87 | 0.20 | 0.42 | 1.40 | |||
| PFL | 0.25 | 0.04 | 0.15 | 0.36 | 0.15 | 0.86 | 1.80 | |||
| PCM | 0.96 | (0.29) | 0.00 | 1.15 | 0.00 | 1.82 | 14.79 | |||
| PHK | 0.30 | 0.00 | 0.01 | 0.02 | 0.44 | 0.63 | 2.06 | |||
| KTF | 0.34 | (0.03) | 0.00 | (0.20) | 0.00 | 0.84 | 2.23 | |||
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MHD | 0.57 | (0.05) | 0.00 | (0.41) | 0.00 | 1.50 | 2.79 | |||
| AEF | 0.90 | 0.06 | 0.05 | 0.39 | 1.31 | 1.88 | 7.65 | |||
| BBUC | 1.50 | 0.00 | 0.00 | 0.00 | 1.98 | 3.04 | 9.29 | |||
| BLW | 0.32 | 0.02 | 0.06 | 0.12 | 0.37 | 0.72 | 2.07 |
BlackRock Credit Corporate Management
| Henry Gabbay | Independent Trustee | Profile | |
| CFA CFA | Portfolio Mang | Profile | |
| Janey Ahn | Secretary | Profile | |
| David Antonelli | Portfolio Manager | Profile | |
| Michael Castellano | Independent Trustee | Profile | |
| Mitchell CFA | Portfolio Manager | Profile |