BlackRock Utility Correlations

BUI Stock

USD 22.53 0.08 0.35%

The current 90-days correlation between BlackRock Utility and Columbia Seligman Premium is 0.48 (i.e., Very weak diversification). The correlation of BlackRock Utility 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.

BlackRock Utility Correlation With Market

Weak diversification

The correlation between BlackRock Utility Infrastructu 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 Utility Infrastructu 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 Utility Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Related Correlations Analysis

	STK	EOS	BMEZ	BST	BDJ	BME	BLW	BCAT	BGR	CII
STK		0.95	0.28	0.96	-0.02	0.24	-0.02	0.43	0.02	0.93	STK
EOS	0.95		0.24	0.93	-0.03	0.21	-0.03	0.41	-0.08	0.92	EOS
BMEZ	0.28	0.24		0.43	0.84	0.95	0.81	0.77	0.61	0.5	BMEZ
BST	0.96	0.93	0.43		0.2	0.41	0.17	0.59	0.19	0.97	BST
BDJ	-0.02	-0.03	0.84	0.2		0.92	0.92	0.76	0.77	0.28	BDJ
BME	0.24	0.21	0.95	0.41	0.92		0.89	0.82	0.67	0.51	BME
BLW	-0.02	-0.03	0.81	0.17	0.92	0.89		0.75	0.7	0.25	BLW
BCAT	0.43	0.41	0.77	0.59	0.76	0.82	0.75		0.53	0.62	BCAT
BGR	0.02	-0.08	0.61	0.19	0.77	0.67	0.7	0.53		0.19	BGR
CII	0.93	0.92	0.5	0.97	0.28	0.51	0.25	0.62	0.19		CII
	STK	EOS	BMEZ	BST	BDJ	BME	BLW	BCAT	BGR	CII

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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

CII	+ 0.97	BST
BST	+ 0.96	STK
EOS	+ 0.95	STK
BME	+ 0.95	BMEZ
CII	+ 0.93	STK
BST	+ 0.93	EOS

High negative correlations

BGR	- 0.08	EOS
BLW	- 0.03	EOS
BDJ	- 0.03	EOS
BLW	- 0.02	STK
BDJ	- 0.02	STK

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock Utility 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 Utility'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
STK	1.00	(0.08)	0.00	(0.12)	0.00	0.00	1.67	(1.96)	7.18
EOS	0.91	(0.07)	0.00	(0.11)	0.00	0.00	2.32	(1.94)	5.08
BMEZ	0.91	0.11	0.11	0.09	0.90	(1.09)	1.70	(1.48)	8.30
BST	1.14	(0.04)	0.00	(0.07)	0.00	0.00	1.92	(2.99)	7.66
BDJ	0.68	0.15	0.19	0.17	0.59	(0.80)	1.63	(1.09)	3.50
BME	0.60	0.11	0.17	0.16	0.54	(0.68)	1.15	(0.98)	3.50
BLW	0.32	0.03	0.13	0.16	0.32	(0.36)	0.85	(0.64)	2.28
BCAT	0.56	0.02	0.04	0.01	0.68	(0.61)	1.14	(1.29)	4.22
BGR	0.74	0.16	0.20	0.32	0.66	(0.81)	1.50	(1.27)	4.09
CII	0.73	0.00	0.00	(0.03)	0.00	0.00	1.54	(1.79)	4.39

BlackRock Utility Corporate Management

Alastair Bishop	Portfolio Mang	Profile
Kyle CFA	Portfolio Mang	Profile
Robin Batchelor	Portfolio Mang	Profile
Kathleen Anderson	Portfolio Mang	Profile
CFA CFA	Portfolio Mang	Profile
Christopher Accettella	Portfolio Mang	Profile
Charles Park	Chief Compliance Officer	Profile

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