Blackstone Correlations

BX Stock

USD 194.01 8.98 4.85%

The current 90-days correlation between Blackstone Group and T Rowe Price is 0.63 (i.e., Poor diversification). The correlation of Blackstone 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 Correlation With Market

Poor diversification

The correlation between Blackstone Group and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackstone Group 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 Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Blackstone Stock

0.83	AC	Associated Capital	Pair Corr
0.84	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.78	MC	Moelis	Pair Corr
0.92	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.95	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.71	TW	Tradeweb Markets Normal Trading	Pair Corr
0.78	VIRT	Virtu Financial Normal Trading	Pair Corr
0.68	WAVS	Western Acquisition	Pair Corr
0.65	FDUS	Fidus Investment Corp	Pair Corr
0.94	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.91	EVR	Evercore Partners	Pair Corr
0.96	FRHC	Freedom Holding Corp	Pair Corr
0.85	LRFC	Logan Ridge Finance	Pair Corr
0.71	PNNT	PennantPark Investment	Pair Corr
0.83	RMCO	Royalty Management	Pair Corr
0.92	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.93	SEIC	SEI Investments	Pair Corr
0.89	STEP	Stepstone Group	Pair Corr
0.67	SVII	Spring Valley Acquisition	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.85	V	Visa Class A	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.86	AB	AllianceBernstein	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.93	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.69	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Blackstone Stock

0.69	XP	Xp Inc Downward Rally	Pair Corr
0.66	GROW	US Global Investors	Pair Corr
0.52	PT	Pintec Technology	Pair Corr
0.75	RAND	Rand Capital Corp	Pair Corr
0.37	PPYAU	Papaya Growth Opportunity	Pair Corr
0.78	IX	Orix Corp Ads	Pair Corr
0.59	HG	Hamilton Insurance Group,	Pair Corr
0.49	EG	Everest Group	Pair Corr

Related Correlations Analysis

	TROW	STT	KKR	BAM	APO	CG	ARES	OWL	BN	TPG
TROW		0.88	0.93	0.88	0.91	0.88	0.86	0.84	0.89	0.82	TROW
STT	0.88		0.95	0.94	0.95	0.94	0.92	0.91	0.93	0.9	STT
KKR	0.93	0.95		0.96	0.98	0.94	0.94	0.92	0.96	0.92	KKR
BAM	0.88	0.94	0.96		0.95	0.93	0.93	0.91	0.94	0.94	BAM
APO	0.91	0.95	0.98	0.95		0.96	0.93	0.94	0.95	0.91	APO
CG	0.88	0.94	0.94	0.93	0.96		0.97	0.98	0.93	0.95	CG
ARES	0.86	0.92	0.94	0.93	0.93	0.97		0.97	0.94	0.97	ARES
OWL	0.84	0.91	0.92	0.91	0.94	0.98	0.97		0.91	0.96	OWL
BN	0.89	0.93	0.96	0.94	0.95	0.93	0.94	0.91		0.9	BN
TPG	0.82	0.9	0.92	0.94	0.91	0.95	0.97	0.96	0.9		TPG
	TROW	STT	KKR	BAM	APO	CG	ARES	OWL	BN	TPG

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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
TROW	1.08	0.02	0.04	0.10	1.19	(1.17)	2.14	(2.04)	7.96
STT	0.96	0.19	0.18	0.28	0.74	(1.17)	2.46	(1.47)	5.94
KKR	1.27	0.22	0.24	0.20	0.95	(1.59)	2.94	(1.76)	11.31
BAM	1.09	0.42	0.41	0.50	0.39	(1.32)	3.63	(1.52)	6.27
APO	1.52	0.45	0.40	0.32	0.89	(2.05)	3.46	(2.19)	12.00
CG	1.54	0.21	0.18	0.19	1.34	(1.85)	4.10	(2.22)	13.11
ARES	1.27	0.16	0.12	0.21	1.28	(1.46)	2.98	(2.55)	7.35
OWL	1.57	0.31	0.20	0.24	1.59	(1.76)	3.66	(2.80)	12.59
BN	1.21	0.16	0.14	0.19	1.19	(1.40)	2.94	(1.92)	8.95
TPG	1.64	0.36	0.23	0.27	1.50	(1.92)	4.51	(2.56)	13.91

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