Blackstone Gso Correlations

BGB Fund

USD 12.35 0.05 0.40%

The current 90-days correlation between Blackstone Gso Strategic and First Trust Senior is 0.49 (i.e., Very weak diversification). The correlation of Blackstone Gso 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.

Blackstone Gso Correlation With Market

Modest diversification

The correlation between Blackstone Gso Strategic 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 Blackstone Gso Strategic 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 Blackstone Gso Strategic. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Blackstone Fund

0.75	IGD	Voya Global Equity	Pair Corr
0.75	VVR	Invesco Senior Income	Pair Corr
0.78	SCD	Lmp Capital And	Pair Corr
0.85	AGTHX	Growth Fund	Pair Corr
0.71	BLDPX	Blackrock Low Duration	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	HGORX	Hartford Growth	Pair Corr
0.77	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.69	DFEOX	Us E Equity	Pair Corr
0.67	SDGFX	Sdit Short Duration	Pair Corr
0.73	MSUSX	Us Real Estate	Pair Corr
0.68	BSCRX	Brandes Small Cap	Pair Corr
0.78	VOLJX	Abr 7525 Volatility	Pair Corr
0.65	JRODX	J Hancock Ii	Pair Corr
0.71	DGFZX	Destinations Global Fixed	Pair Corr
0.77	LHYOX	Lord Abbett High	Pair Corr
0.61	DURPX	Us High Relative	Pair Corr
0.66	LTMIX	Thornburg Limited Term	Pair Corr
0.63	LIPIX	Blackrock Lifepath Idx	Pair Corr
0.74	CLM	Cornerstone Strategic	Pair Corr
0.72	HCYAX	Direxion Hilton Tactical	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	AFT	FCT	BGT	EVF	BOE	BDJ	ETY	BGR	ETJ	BLE
AFT		0.84	0.01	0.7	0.3	0.07	0.85	0.31	0.69	-0.1	AFT
FCT	0.84		0.18	0.61	0.21	-0.08	0.9	0.13	0.81	-0.17	FCT
BGT	0.01	0.18		0.05	0.1	0.02	0.23	-0.1	0.43	0.49	BGT
EVF	0.7	0.61	0.05		0.64	0.52	0.74	0.59	0.49	0.3	EVF
BOE	0.3	0.21	0.1	0.64		0.8	0.36	0.55	0.24	0.59	BOE
BDJ	0.07	-0.08	0.02	0.52	0.8		0.07	0.76	-0.05	0.65	BDJ
ETY	0.85	0.9	0.23	0.74	0.36	0.07		0.28	0.87	0.04	ETY
BGR	0.31	0.13	-0.1	0.59	0.55	0.76	0.28		0.1	0.5	BGR
ETJ	0.69	0.81	0.43	0.49	0.24	-0.05	0.87	0.1		0.08	ETJ
BLE	-0.1	-0.17	0.49	0.3	0.59	0.65	0.04	0.5	0.08		BLE
	AFT	FCT	BGT	EVF	BOE	BDJ	ETY	BGR	ETJ	BLE

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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

ETY	+ 0.9	FCT
ETJ	+ 0.87	ETY
ETY	+ 0.85	AFT
FCT	+ 0.84	AFT
ETJ	+ 0.81	FCT
BDJ	+ 0.8	BOE

High negative correlations

BLE	- 0.17	FCT
BGR	- 0.1	BGT
BLE	- 0.1	AFT
BDJ	- 0.08	FCT
ETJ	- 0.05	BDJ

Risk-Adjusted Indicators

There is a big difference between Blackstone Fund performing well and Blackstone Gso Fund 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 Blackstone Gso'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
AFT	0.61	0.12	0.07	0.58	0.72	(0.67)	1.35	(1.65)	4.04
FCT	0.49	0.04	(0.04)	0.44	0.49	(0.55)	1.00	(0.90)	3.32
BGT	0.57	(0.01)	(0.08)	0.02	0.80	(0.58)	1.03	(1.25)	4.09
EVF	0.35	0.03	(0.08)	0.41	0.32	(0.42)	0.82	(0.65)	2.12
BOE	0.65	0.01	(0.06)	0.10	0.87	(0.65)	1.12	(1.56)	2.98
BDJ	0.73	0.01	(0.04)	0.12	0.89	(0.80)	1.49	(1.23)	4.50
ETY	0.58	0.06	0.01	0.32	0.63	(0.69)	1.48	(1.30)	4.39
BGR	0.72	0.00	(0.07)	0.08	0.77	(0.85)	1.36	(1.42)	5.10
ETJ	0.52	0.00	(0.09)	0.09	0.64	(0.52)	0.97	(0.99)	3.08
BLE	0.51	(0.04)	0.00	(0.14)	0.00	0.00	0.87	(1.04)	2.58

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