Black Knight Correlations

BKIDelisted Stock  USD 75.76  0.05  0.07%   
The correlation of Black Knight 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Knight moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Knight moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Significant diversification

The correlation between Black Knight and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Knight and NYA in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
  
The ability to find closely correlated positions to Black Knight could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Knight 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 Black Knight - 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 Black Knight to buy it.

Moving together with Black Stock

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  0.72BCH Banco De Chile Financial Report 26th of April 2024 PairCorr
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  0.81CVX Chevron Corp Report 26th of April 2024 PairCorr
  0.95JPM JPMorgan Chase Financial Report 12th of July 2024 PairCorr
  0.93CAT Caterpillar Report 25th of April 2024 PairCorr

Moving against Black Stock

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  0.66AVAL Grupo Aval Financial Report 15th of May 2024 PairCorr
  0.53CSCO Cisco Systems Fiscal Quarter End 30th of April 2024 PairCorr
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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   
MANHCVLT
TYLPYCR
CVLTPCTY
MANHPCTY
CWANPYCR
AZPNENV
  
High negative correlations   
ENVPYCR
ENVCWAN
BLKBPCTY
CVLTBLKB
MANHBLKB
AZPNPYCR

Risk-Adjusted Indicators

There is a big difference between Black Stock performing well and Black Knight 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 Black Knight'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PCTY  1.29 (0.03)(0.01) 0.04  1.66 
 3.21 
 10.39 
PYCR  1.54 (0.29) 0.00 (0.11) 0.00 
 3.15 
 9.05 
BLKB  1.56 (0.22) 0.00 (0.03) 0.00 
 2.72 
 16.89 
CWAN  1.58 (0.32) 0.00 (0.24) 0.00 
 2.46 
 14.00 
TYL  0.97 (0.06)(0.04) 0.00  1.50 
 1.94 
 7.06 
CVLT  1.14  0.30  0.25  0.36  0.82 
 3.19 
 10.27 
ENV  1.56  0.05  0.06  0.09  1.82 
 2.95 
 11.69 
MANH  1.12  0.21  0.14  0.59  0.88 
 2.78 
 11.60 
AGYS  1.80  0.04  0.02  0.10  2.31 
 3.74 
 12.44 
AZPN  1.43  0.01  0.02  0.08  1.76 
 3.01 
 10.47 

View Black Knight Related Equities

 Risk & Return  Correlation

Black Knight Corporate Directors

Black Knight corporate directors refer to members of a Black Knight board of directors. The board of directors generally takes responsibility for the Black Knight's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Black Knight's board members must vote for the resolution. The Black Knight board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Suwan ThansathitIndependent DirectorProfile
Wirasak SutanthawibulIndependent DirectorProfile
David HallIndependent Non-Executive DirectorProfile
Phimchai LueamrungManaging Director of Human ResourcesProfile

Still Interested in Black Knight?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Consideration for investing in Black Stock

If you are still planning to invest in Black Knight check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Black Knight's history and understand the potential risks before investing.
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