Blackstone Loan Correlations

BGLP Stock

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The current 90-days correlation between Blackstone Loan Financing and Molson Coors Beverage is -0.09 (i.e., Good diversification). The correlation of Blackstone Loan 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.

Blackstone Loan Correlation With Market

Good diversification

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

The ability to find closely correlated positions to Blackstone Loan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackstone Loan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackstone Loan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackstone Loan Financing to buy it.

Moving together with Blackstone Stock

0.73	QED	Quadrise Plc	Pair Corr
0.64	ATY	Athelney Trust plc	Pair Corr
0.68	CNE	Capricorn Energy PLC	Pair Corr
0.82	ARC	Arcontech Group Plc	Pair Corr
0.96	SGE	Sage Group PLC	Pair Corr
0.83	APTA	Aptamer Group PLC	Pair Corr
0.75	HSBK	Halyk Bank	Pair Corr
0.75	TFIF	TwentyFour Income	Pair Corr
0.76	ENOG	Energean Oil Gas	Pair Corr
0.94	DEC	Diversified Energy	Pair Corr
0.95	IMB	Imperial Brands PLC	Pair Corr
0.63	CLDN	Caledonia Investments	Pair Corr
0.66	AMRQ	Amaroq Minerals	Pair Corr

Moving against Blackstone Stock

0.72	EMH	European Metals Holdings	Pair Corr
0.54	IIG	Intuitive Investments	Pair Corr
0.54	CLC	Calculus VCT plc	Pair Corr
0.5	VCP	Victoria PLC	Pair Corr

Related Correlations Analysis

	0K2K	FCM	AEO	URU	IAG	0HW4	GRX
0K2K		0.82	0.33	0.07	0.02	0.78	-0.42	0K2K
FCM	0.82		0.1	-0.11	-0.23	0.65	-0.25	FCM
AEO	0.33	0.1		0.35	0.5	0.04	-0.6	AEO
URU	0.07	-0.11	0.35		0.77	0.05	-0.55	URU
IAG	0.02	-0.23	0.5	0.77		-0.05	-0.76	IAG
0HW4	0.78	0.65	0.04	0.05	-0.05		-0.19	0HW4
GRX	-0.42	-0.25	-0.6	-0.55	-0.76	-0.19		GRX
	0K2K	FCM	AEO	URU	IAG	0HW4	GRX

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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

FCM	+ 0.82	0K2K
0HW4	+ 0.78	0K2K
IAG	+ 0.77	URU
0HW4	+ 0.65	FCM
IAG	+ 0.5	AEO
URU	+ 0.35	AEO

High negative correlations

GRX	- 0.76	IAG
GRX	- 0.6	AEO
GRX	- 0.55	URU
GRX	- 0.42	0K2K
GRX	- 0.25	FCM
IAG	- 0.23	FCM

Risk-Adjusted Indicators

There is a big difference between Blackstone Stock performing well and Blackstone Loan 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 Blackstone Loan'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
0K2K	1.02	(0.03)	0.00	(0.03)	0.00	0.00	2.28	(1.85)	10.95
FCM	2.64	(0.16)	0.00	1.13	0.00	0.00	5.88	(7.14)	26.92
AEO	0.97	(0.08)	0.00	(0.15)	0.00	0.00	3.01	(3.55)	9.81
URU	2.15	0.73	0.00	(1.58)	0.00	0.00	11.11	(5.41)	29.40
IAG	1.16	0.64	0.43	1.33	0.66	(1.39)	3.02	(1.39)	10.75
0HW4	1.60	0.09	0.03	(0.97)	2.13	(1.70)	3.38	(3.43)	19.79
GRX	1.41	(0.16)	0.00	1.56	0.00	0.00	3.75	(4.11)	12.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackstone Loan without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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