BlackRock Competitors
| TCPC Stock | USD 3.62 -0.03 -0.82% |
BlackRock TCP and Crescent Capital Correlation Summary
Almost no diversification
The correlation between TCPC and CCAP is 0.9, which Macroaxis classifies as Almost no diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with BlackRock Stock
Moving against BlackRock Stock
The mean reversion framework for BlackRock TCP is built on the premise that markets are not perfectly efficient and that prices periodically overshoot their intrinsic value in both directions.
BlackRock TCP Competition Correlation Matrix
Correlation analysis between BlackRock TCP Capital and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between BlackRock Stock performing well and BlackRock TCP 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 BlackRock TCP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CION | 1.33 | -0.53 | 0.00 | -0.57 | 0.00 | 1.39 | 12.67 | |||
| PNNT | 1.25 | -0.25 | 0.00 | -0.32 | 0.00 | 2.15 | 10.16 | |||
| HQL | 0.93 | 0.00 | 0.00 | -0.05 | 0.00 | 2.05 | 5.49 | |||
| GLAD | 1.08 | -0.23 | 0.00 | -0.36 | 0.00 | 2.04 | 8.85 | |||
| GAIN | 0.73 | 0.04 | 0.09 | 0.11 | 0.84 | 1.77 | 4.62 | |||
| ECC | 2.00 | -0.63 | 0.00 | -1.40 | 0.00 | 3.06 | 10.35 | |||
| CNCK | 5.48 | -0.22 | 0.00 | -0.13 | 0.00 | 13.73 | 40.51 | |||
| MCI | 0.98 | -0.06 | 0.00 | -0.19 | 0.00 | 2.25 | 7.01 | |||
| CCAP | 1.16 | -0.13 | 0.00 | -0.24 | 0.00 | 2.36 | 7.26 |
Peer Comparison: Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in BlackRock TCP Capital financial statement analysis. It represents the amount of money remaining after all of BlackRock TCP Capital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Compare BlackRock TCP Capital and related stocks such as Cion Investment Corp, PennantPark Investment, and Tekla Life Sciences Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CION | 25 K | 25 K | 25 K | 6.1 M | 16.3 M | -1.4 M | 119.7 M | 85.9 M | 31.3 M | 51.8 M | -11 M | 118.8 M | 50.1 M | 95.3 M | 33.9 M | -20.6 M | -19.6 M |
| PNNT | -16.7 M | 63.4 M | 91.8 M | 111 M | -10.2 M | 18.7 M | 61.7 M | 47.7 M | 15.9 M | -16 M | 166.6 M | -24.7 M | -33.8 M | 48.9 M | 32.7 M | 37.6 M | 33.5 M |
| HQL | 21.8 M | 77.6 M | 84.6 M | 89.3 M | 40.5 M | -11.9 M | 68.6 M | 28.7 M | -70.5 M | 123.1 M | 64.5 M | -104.6 M | 22.4 M | 85.3 M | 85.6 M | 98.4 M | 103.4 M |
| GLAD | -92.6 K | -8 M | 32.2 M | 11.2 M | 8.5 M | 11.4 M | 17.2 M | 18.6 M | 19.9 M | -1.9 M | 84.3 M | 19.9 M | 42.7 M | 94.7 M | 58.1 M | 66.8 M | 70.2 M |
| GAIN | 6.1 M | 22 M | 17.3 M | -1.3 M | 50.2 M | 24.9 M | 44.8 M | 60.7 M | 81.6 M | -17.5 M | 44.8 M | 105.5 M | 35.5 M | 85.3 M | 65.3 M | 75.1 M | 78.9 M |
| ECC | 8.3 M | 8.3 M | 8.3 M | 8.3 M | 8.3 M | -41 M | 91 M | 31.1 M | -54.8 M | -8.7 M | 60.9 M | 131.9 M | -101.8 M | 118.8 M | 80.3 M | -134.4 M | -127.7 M |
| MCI | 35.4 M | 37.7 M | 37.7 M | 32.2 M | 32.8 M | 17.3 M | 27.2 M | 43.6 M | 9.6 M | 39 M | 15.3 M | 52.8 M | 14.3 M | 37 M | 35.6 M | 40.9 M | 29.2 M |
| CCAP | -2.2 M | -2.2 M | -2.2 M | -2.2 M | -2.2 M | -2.2 M | 11.8 M | 9.1 M | 8.1 M | 29.3 M | 54.7 M | 83.6 M | 15.5 M | 83.8 M | 73.6 M | 34.5 M | 40.2 M |
BlackRock TCP Competitive Analysis
BlackRock TCP's competitive standing becomes clearer when measured alongside Cion Investment, PennantPark Investment, and Tekla Life. With -76.3 M in revenue and a 305.3 M market value, BlackRock TCP anchors one end of the peer spectrum. Profitability is a concern, with a -44.07% net margin and -12.86% return on equity signaling pressure on earnings. On the bottom line, Cion Investment retains -8.57% while BlackRock TCP manages -44.07%. On equity returns, PennantPark Investment earns 5.38% compared to -12.86% at BlackRock TCP. Earnings multiples split the pair: 11.00x for BlackRock TCP against 2.84x for Tekla Life.| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze BlackRock TCP Against Peers
BlackRock TCP's peer analysis compares BlackRock TCP with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether BlackRock TCP trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where BlackRock TCP leads or lags and what catalysts could close or widen the gap.