BlackRock Virginia Correlations

BHV Stock

USD 11.37 0.13 1.16%

The current 90-days correlation between BlackRock Virginia MBT and Nuveen Missouri Quality is 0.36 (i.e., Weak diversification). The correlation of BlackRock Virginia 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 Virginia Correlation With Market

Good diversification

The correlation between BlackRock Virginia MBT and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock Virginia MBT 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 Virginia MBT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against BlackRock Stock

0.53	AB	AllianceBernstein	Pair Corr
0.4	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.36	BAM	Brookfield Asset Man	Pair Corr
0.35	CG	Carlyle Group	Pair Corr
0.35	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.33	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.33	AC	Associated Capital	Pair Corr
0.32	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.45	LC	LendingClub Corp	Pair Corr
0.44	NU	Nu Holdings Downward Rally	Pair Corr
0.43	KB	KB Financial Group	Pair Corr
0.34	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	MGF	NPFD	FINS	IHD	NOM	GGT-PE	GAB-PH	VKQ	NCV-PA	GAB-PG
MGF		-0.17	0.65	0.63	0.48	0.51	0.51	0.49	0.74	0.56	MGF
NPFD	-0.17		0.31	0.18	0.24	0.38	0.31	0.04	0.08	0.33	NPFD
FINS	0.65	0.31		0.67	0.44	0.83	0.86	0.42	0.84	0.89	FINS
IHD	0.63	0.18	0.67		0.41	0.65	0.51	0.03	0.67	0.55	IHD
NOM	0.48	0.24	0.44	0.41		0.59	0.5	0.46	0.54	0.41	NOM
GGT-PE	0.51	0.38	0.83	0.65	0.59		0.91	0.4	0.83	0.88	GGT-PE
GAB-PH	0.51	0.31	0.86	0.51	0.5	0.91		0.5	0.87	0.96	GAB-PH
VKQ	0.49	0.04	0.42	0.03	0.46	0.4	0.5		0.42	0.51	VKQ
NCV-PA	0.74	0.08	0.84	0.67	0.54	0.83	0.87	0.42		0.85	NCV-PA
GAB-PG	0.56	0.33	0.89	0.55	0.41	0.88	0.96	0.51	0.85		GAB-PG
	MGF	NPFD	FINS	IHD	NOM	GGT-PE	GAB-PH	VKQ	NCV-PA	GAB-PG

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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

GAB-PG	+ 0.96	GAB-PH
GAB-PH	+ 0.91	GGT-PE
GAB-PG	+ 0.89	FINS
GAB-PG	+ 0.88	GGT-PE
NCV-PA	+ 0.87	GAB-PH
GAB-PH	+ 0.86	FINS

High negative correlations

NPFD

- 0.17

MGF

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock Virginia 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 Virginia'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
MGF	0.42	(0.03)	0.00	(0.08)	0.00	0.00	0.96	(0.93)	3.48
NPFD	0.43	0.06	(0.08)	0.67	0.41	(0.46)	1.03	(0.87)	2.87
FINS	0.43	0.02	(0.16)	0.30	0.53	(0.46)	1.01	(1.01)	2.75
IHD	0.72	(0.07)	0.00	(0.14)	0.00	0.00	1.69	(1.30)	5.96
NOM	0.63	0.04	(0.10)	(0.38)	0.84	(0.66)	1.42	(1.45)	4.13
GGT-PE	0.47	0.04	(0.08)	0.50	0.61	(0.68)	1.44	(0.99)	5.53
GAB-PH	0.44	0.10	(0.06)	(2.37)	0.37	(0.48)	1.17	(0.93)	3.34
VKQ	0.41	0.06	(0.13)	(3.37)	0.38	(0.49)	0.91	(0.90)	2.19
NCV-PA	0.45	0.03	(0.15)	(0.14)	0.66	(0.50)	1.08	(1.21)	3.97
GAB-PG	0.71	0.10	(0.03)	(5.41)	0.77	(0.80)	1.68	(1.22)	5.27

BlackRock Virginia Corporate Management

Henry Gabbay	Independent Trustee	Profile
CFA CFA	Portfolio Mang	Profile
Janey Ahn	Secretary	Profile
Michael Castellano	Independent Trustee	Profile
Cynthia Egan	Independent Trustee	Profile

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