Blue Owl Correlations

OBDC Stock

15.41 0.06 0.39%

The current 90-days correlation between Blue Owl Capital and Willscot Mobile Mini is -0.03 (i.e., Good diversification). The correlation of Blue Owl 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.

Blue Owl Correlation With Market

Significant diversification

The correlation between Blue Owl Capital and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Owl Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Owl Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Blue Stock

0.75	MA	Mastercard	Pair Corr
0.73	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.78	TW	Tradeweb Markets	Pair Corr
0.62	WAVS	Western Acquisition	Pair Corr
0.67	ENVA	Enova International	Pair Corr
0.63	FDUS	Fidus Investment Corp	Pair Corr
0.63	FINV	FinVolution Group	Pair Corr
0.75	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.72	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.67	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.66	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.79	FRHC	Freedom Holding Corp	Pair Corr
0.72	SLM	SLM Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.72	IREN	Iris Energy	Pair Corr
0.78	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.78	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.69	RWAY	Runway Growth Finance	Pair Corr
0.69	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.72	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against Blue Stock

0.69	FCFS	FirstCash	Pair Corr
0.54	WU	Western Union	Pair Corr
0.36	PT	Pintec Technology	Pair Corr
0.75	GROW	US Global Investors	Pair Corr
0.67	MCVT	Mill City Ventures	Pair Corr
0.61	ORGN	Origin Materials	Pair Corr

Related Correlations Analysis

	WSC	UFCS	PLMR	AIZ	FSLUF	ICCH	HRI
WSC		-0.08	-0.16	-0.14	0.0	-0.2	-0.17	WSC
UFCS	-0.08		0.92	0.97	0.0	0.49	0.7	UFCS
PLMR	-0.16	0.92		0.93	0.0	0.36	0.54	PLMR
AIZ	-0.14	0.97	0.93		0.0	0.48	0.72	AIZ
FSLUF	0.0	0.0	0.0	0.0		0.0	0.0	FSLUF
ICCH	-0.2	0.49	0.36	0.48	0.0		0.72	ICCH
HRI	-0.17	0.7	0.54	0.72	0.0	0.72		HRI
	WSC	UFCS	PLMR	AIZ	FSLUF	ICCH	HRI

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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

AIZ	+ 0.97	UFCS
AIZ	+ 0.93	PLMR
PLMR	+ 0.92	UFCS
HRI	+ 0.72	AIZ
HRI	+ 0.72	ICCH
HRI	+ 0.7	UFCS

High negative correlations

ICCH	- 0.2	WSC
HRI	- 0.17	WSC
PLMR	- 0.16	WSC
AIZ	- 0.14	WSC
UFCS	- 0.08	WSC
HRI	- 0.0	FSLUF

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Owl 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 Blue Owl'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
WSC	1.96	(0.24)	0.00	(0.01)	0.00	0.00	4.01	(3.34)	18.49
UFCS	1.85	0.28	0.33	0.20	1.11	(2.16)	4.67	(2.44)	28.11
PLMR	1.60	0.08	0.07	0.17	1.76	(1.95)	4.52	(3.01)	12.94
AIZ	0.92	0.05	0.05	0.15	1.29	(0.93)	1.72	(1.60)	9.02
FSLUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICCH	0.30	0.01	(0.18)	0.73	0.41	(0.39)	0.83	(0.60)	3.36
HRI	2.00	0.49	0.35	0.35	1.22	(2.58)	5.52	(2.08)	24.68

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