Blackstone Correlations
| BX Stock | 16.62 0.24 1.47% |
The current 90-days correlation between Blackstone and Canadian Imperial Bank is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackstone moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Blackstone Correlation With Market
Good diversification
The correlation between Blackstone and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone and DJI in the same portfolio, assuming nothing else is changed.
Blackstone |
The ability to find closely correlated positions to Blackstone 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 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 - 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 to buy it.
Moving together with Blackstone Stock
Moving against Blackstone Stock
| 0.7 | ONAU | OnGold Resources | PairCorr |
| 0.64 | ION | Ion Energy | PairCorr |
| 0.59 | NAR | North Arrow Minerals | PairCorr |
| 0.51 | AIM | Aimia Inc | PairCorr |
| 0.48 | SAO | South Atlantic Gold | PairCorr |
| 0.46 | DAN | Arianne Phosphate | PairCorr |
| 0.43 | TVE | Tamarack Valley Energy Earnings Call This Week | PairCorr |
| 0.42 | BTE | Baytex Energy Corp | PairCorr |
| 0.77 | FTS | Fortis Inc | PairCorr |
| 0.7 | COLA | Coca Cola | PairCorr |
| 0.66 | IPO | InPlay Oil Corp | PairCorr |
| 0.64 | BBB | Brixton Metals | PairCorr |
| 0.57 | NVX | NV Gold Corp | PairCorr |
| 0.5 | CU | Canadian Utilities | PairCorr |
| 0.44 | BNG | Bengal Energy | PairCorr |
| 0.37 | FTT | Finning International | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Blackstone Stock performing well and Blackstone 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CM-PS | 0.26 | 0.00 | (0.10) | 0.06 | 0.31 | 0.58 | 2.24 | |||
| TD-PFJ | 0.36 | 0.00 | (0.05) | 0.00 | 0.43 | 0.74 | 1.97 | |||
| HAM | 1.79 | (0.29) | 0.00 | 1.29 | 0.00 | 3.80 | 11.06 | |||
| NUMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FFN | 0.99 | 0.18 | 0.09 | 0.23 | 1.56 | 2.33 | 7.76 | |||
| CSPN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRM | 1.70 | (0.46) | 0.00 | (0.59) | 0.00 | 2.86 | 12.23 | |||
| RAMP | 2.70 | 0.28 | 0.06 | 0.84 | 2.69 | 8.11 | 22.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Blackstone 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.Did you try this?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Blackstone Corporate Management
Elected by the shareholders, the Blackstone's board of directors comprises two types of representatives: Blackstone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackstone. The board's role is to monitor Blackstone's management team and ensure that shareholders' interests are well served. Blackstone's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackstone's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mustafa Siddiqui | Former Group | Profile | |
| John Finley | Chief Officer | Profile | |
| William Stein | Senior York | Profile | |
| Vikrant JD | Chief Solutions | Profile | |
| Seth Meisel | Senior York | Profile | |
| Michael Nash | Senior Strategies | Profile |