Black Knight Correlations
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.
Black |
Moving together with Black Stock
0.84 | BKRKY | Bank Rakyat | PairCorr |
0.81 | PPERY | Bank Mandiri Persero | PairCorr |
0.81 | PPERF | Bank Mandiri Persero | PairCorr |
0.77 | PBCRY | Bank Central Asia | PairCorr |
0.81 | JPHLF | Japan Post Holdings | PairCorr |
0.84 | KO | Coca Cola Aggressive Push | PairCorr |
0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.72 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
0.74 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
0.75 | CSCO | Cisco Systems | PairCorr |
0.83 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.79 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.63 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
0.79 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Black Stock
0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.61 | DIS | Walt Disney Fiscal Year End 13th of November 2024 | PairCorr |
0.48 | MSFT | Microsoft | PairCorr |
0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
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
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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 | ||
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PCTY | 1.48 | 0.04 | 0.01 | 0.15 | 1.74 | 3.00 | 11.15 | |||
PYCR | 1.59 | 0.03 | 0.02 | 0.14 | 1.81 | 2.75 | 11.49 | |||
BLKB | 0.87 | 0.03 | 0.00 | 0.16 | 0.96 | 2.06 | 5.13 | |||
CWAN | 1.64 | 0.46 | 0.18 | (2.61) | 1.46 | 3.05 | 23.38 | |||
TYL | 0.99 | 0.25 | 0.24 | 0.52 | 0.54 | 1.94 | 11.72 | |||
CVLT | 1.86 | 0.39 | 0.23 | 0.38 | 1.48 | 3.96 | 30.03 | |||
ENV | 0.55 | (0.14) | 0.00 | (1.11) | 0.00 | 1.62 | 5.47 | |||
MANH | 1.48 | 0.21 | 0.10 | 0.41 | 1.51 | 3.66 | 13.23 | |||
AGYS | 1.75 | 0.13 | 0.07 | 0.23 | 1.95 | 3.36 | 9.02 | |||
AZPN | 1.73 | 0.08 | 0.03 | 0.21 | 1.77 | 2.86 | 17.49 |
View Black Knight Related Equities
Risk & Return | Correlation |
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