Black Knight Correlations

Summary

BKIDelisted Stock

USD 70.80 0.84 1.20%

The current 90-days correlation between Black Knight and Paylocity Holdng is 0.21 (i.e., Modest diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Black Knight Correlation With Market

Modest diversification

The correlation between Black Knight and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Knight and DJI 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 closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Black Stock

0.84	BKRKY	Bank Rakyat	Pair Corr
0.81	PPERY	Bank Mandiri Persero	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.81	JPHLF	Japan Post Holdings	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.72	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.74	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.83	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.74	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.79	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Black Stock

0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	DIS	Walt Disney Fiscal Year End 13th of November 2024	Pair Corr
0.48	MSFT	Microsoft	Pair Corr
0.43	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	PCTY	PYCR	BLKB	CWAN	TYL	CVLT	ENV	MANH	AGYS	AZPN
PCTY		0.56	0.64	0.88	0.82	0.78	0.02	0.48	0.61	0.45	PCTY
PYCR	0.56		0.64	0.59	0.57	0.57	0.13	0.61	0.64	0.59	PYCR
BLKB	0.64	0.64		0.52	0.45	0.43	0.16	0.38	0.42	0.51	BLKB
CWAN	0.88	0.59	0.52		0.82	0.86	-0.04	0.59	0.56	0.5	CWAN
TYL	0.82	0.57	0.45	0.82		0.9	-0.21	0.75	0.86	0.23	TYL
CVLT	0.78	0.57	0.43	0.86	0.9		-0.2	0.79	0.76	0.38	CVLT
ENV	0.02	0.13	0.16	-0.04	-0.21	-0.2		-0.27	-0.23	0.39	ENV
MANH	0.48	0.61	0.38	0.59	0.75	0.79	-0.27		0.71	0.25	MANH
AGYS	0.61	0.64	0.42	0.56	0.86	0.76	-0.23	0.71		0.13	AGYS
AZPN	0.45	0.59	0.51	0.5	0.23	0.38	0.39	0.25	0.13		AZPN
	PCTY	PYCR	BLKB	CWAN	TYL	CVLT	ENV	MANH	AGYS	AZPN

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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

CVLT	+ 0.9	TYL
CWAN	+ 0.88	PCTY
CVLT	+ 0.86	CWAN
AGYS	+ 0.86	TYL
TYL	+ 0.82	PCTY
TYL	+ 0.82	CWAN

High negative correlations

MANH	- 0.27	ENV
AGYS	- 0.23	ENV
ENV	- 0.21	TYL
ENV	- 0.2	CVLT
ENV	- 0.04	CWAN

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCTY	1.48	0.04	0.01	0.15	1.74	(1.58)	3.00	(2.97)	11.15
PYCR	1.59	0.03	0.02	0.14	1.81	(1.75)	2.75	(2.95)	11.49
BLKB	0.87	0.03	0.00	0.16	0.96	(0.99)	2.06	(1.62)	5.13
CWAN	1.64	0.46	0.18	(2.61)	1.46	(1.91)	3.05	(2.86)	23.38
TYL	0.99	0.25	0.24	0.52	0.54	(1.23)	1.94	(1.28)	11.72
CVLT	1.86	0.39	0.23	0.38	1.48	(2.22)	3.96	(2.28)	30.03
ENV	0.55	(0.14)	0.00	(1.11)	0.00	0.00	1.62	(2.33)	5.47
MANH	1.48	0.21	0.10	0.41	1.51	(1.75)	3.66	(2.30)	13.23
AGYS	1.75	0.13	0.07	0.23	1.95	(1.85)	3.36	(3.30)	9.02
AZPN	1.73	0.08	0.03	0.21	1.77	(2.15)	2.86	(3.16)	17.49

View Black Knight Related Equities

Paylocity Holdng Paycor HCM Blackbaud Clearwater Analytics Holdings Tyler Technologies CommVault Systems Envestnet Manhattan Associates Agilysys Aspen Technology Alkami Technology Mix Telemats ADEIA P Model N Powerschool Holdings

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