Blue Owl Correlations

Stocks . USA . 
Stock . Blue Owl Capital
OBDC Stock   15.22  0.15  1.00%   
The current 90-days correlation between Blue Owl Capital and Primoris Services is 0.29 (i.e., Modest diversification). The correlation of Blue Owl 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.

Blue Owl Correlation With Market

Very weak diversification

The correlation between Blue Owl Capital and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Owl Capital and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Owl Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Blue Stock

  0.82AB AllianceBernsteinPairCorr
  0.83AC Associated CapitalPairCorr
  0.71BN Brookfield CorpPairCorr
  0.65BX Blackstone Group Normal TradingPairCorr
  0.83CG Carlyle GroupPairCorr
  0.63DB Deutsche Bank AGPairCorr
  0.67LC LendingClub CorpPairCorr
  0.7LX Lexinfintech HoldingsPairCorr
  0.68MA MastercardPairCorr
  0.71MS Morgan Stanley Sell-off TrendPairCorr
  0.65PX P10 IncPairCorr
  0.71QD Qudian IncPairCorr
  0.7SF Stifel Financial Earnings Call This WeekPairCorr
  0.84TW Tradeweb Markets Normal TradingPairCorr
  0.73VCTR Victory Capital Holdings Normal TradingPairCorr
  0.77DYCQ DT Cloud AcquisitionPairCorr

Moving against Blue Stock

  0.5PT Pintec TechnologyPairCorr
  0.54RM Regional Management CorpPairCorr
  0.52XP Xp IncPairCorr
  0.44DMYY dMY Squared TechnologyPairCorr
  0.36WU Western UnionPairCorr
  0.7BRKHU BurTech Acquisition CorpPairCorr
  0.62BRACU Broad Capital AcquisitionPairCorr
  0.48BRKHW BurTech Acquisition CorpPairCorr
  0.41EMCGU Embrace Change AcquiPairCorr

Related Correlations Analysis

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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   
QTWO
+ 0.98
PRIM
KLTR
+ 0.95
PRIM
KLTR
+ 0.94
QTWO
CPAC
+ 0.83
QTWO
CPAC
+ 0.82
PRIM
PRIM
+ 0.72
J
  
High negative correlations   
CPAC
- 0.46
CECO
NTWK
- 0.46
CECO
CECO
- 0.43
J
QTWO
- 0.14
CECO
PRIM
- 0.1
CECO
KLTR
- 0.02
NTWK

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Owl 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 Blue Owl'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.

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