BlackRock New Correlations

BNY Stock

USD 10.50 0.01 0.1%

The current 90-days correlation between BlackRock New York and Invesco Trust For is 0.65 (i.e., Poor diversification). The correlation of BlackRock New 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 New Correlation With Market

Modest diversification

The correlation between BlackRock New York and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock New York 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 New York. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with BlackRock Stock

0.61

Western Union

Pair Corr

Moving against BlackRock Stock

0.56	LC	LendingClub Corp	Pair Corr
0.43	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.36	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.32	DIST	Distoken Acquisition	Pair Corr
0.68	VINP	Vinci Partners Inves	Pair Corr
0.44	DUET	DUET Acquisition Corp	Pair Corr
0.41	WT	WisdomTree	Pair Corr
0.66	TETEU	Technology Telecommunicatio	Pair Corr
0.63	EMCG	Embrace Change Acqui	Pair Corr
0.49	ECPG	Encore Capital Group	Pair Corr
0.45	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	VTN	PNI	EVY	PYN	MHN	KTF	RFMZ	CXH	CBH
VTN		0.73	0.0	0.71	0.81	0.61	0.86	0.82	-0.02	VTN
PNI	0.73		0.0	0.86	0.84	0.22	0.69	0.6	-0.46	PNI
EVY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EVY
PYN	0.71	0.86	0.0		0.91	0.5	0.77	0.75	-0.09	PYN
MHN	0.81	0.84	0.0	0.91		0.61	0.89	0.79	-0.02	MHN
KTF	0.61	0.22	0.0	0.5	0.61		0.67	0.76	0.57	KTF
RFMZ	0.86	0.69	0.0	0.77	0.89	0.67		0.81	0.07	RFMZ
CXH	0.82	0.6	0.0	0.75	0.79	0.76	0.81		0.18	CXH
CBH	-0.02	-0.46	0.0	-0.09	-0.02	0.57	0.07	0.18		CBH
	VTN	PNI	EVY	PYN	MHN	KTF	RFMZ	CXH	CBH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MHN	+ 0.91	PYN
RFMZ	+ 0.89	MHN
RFMZ	+ 0.86	VTN
PYN	+ 0.86	PNI
MHN	+ 0.84	PNI
CXH	+ 0.82	VTN

High negative correlations

CBH	- 0.46	PNI
CBH	- 0.09	PYN
CBH	- 0.02	MHN
CBH	- 0.02	VTN
CBH	- 0.0	EVY
CXH	- 0.0	EVY

Risk-Adjusted Indicators

There is a big difference between BlackRock Stock performing well and BlackRock New 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 New'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
VTN	0.37	0.01	(0.13)	0.17	0.46	(0.39)	0.71	(0.70)	2.25
PNI	0.39	(0.02)	0.00	1.67	0.00	0.00	0.67	(0.81)	2.95
EVY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYN	0.48	(0.01)	0.00	0.29	0.00	0.00	1.13	(0.99)	3.30
MHN	0.36	(0.01)	(0.14)	(0.59)	0.63	(0.32)	0.75	(1.03)	2.69
KTF	0.42	0.05	(0.09)	(1.40)	0.47	(0.52)	1.12	(0.61)	3.40
RFMZ	0.40	(0.02)	(0.16)	(0.01)	0.57	(0.42)	0.70	(0.99)	2.66
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
CBH	0.13	0.04	(0.30)	(21.78)	0.00	(0.18)	0.22	(0.22)	0.78

BlackRock New Corporate Management

Henry Gabbay	Independent Trustee	Profile
CFA CFA	Portfolio Mang	Profile
Robert Hubbard	Independent Trustee	Profile
Charles Park	Chief Compliance Officer	Profile
Frank Fabozzi	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC