Blink Charging Correlations

BLNK Stock

USD 1.56 0.14 8.24%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blink Charging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blink Charging Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Blink Charging Correlation With Market

Weak diversification

The correlation between Blink Charging Co and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blink Charging Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Blink Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blink Charging Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Blink Stock

0.79	TRA	Turners Automotive	Pair Corr
0.77	EVGO	Evgo Inc Earnings Call Tomorrow	Pair Corr
0.9	APE	Eagers Automotive	Pair Corr
0.71	NAAS	Naas Technology ADR	Pair Corr
0.62	ASG	Autosports Group	Pair Corr
0.62	MG	Magna International	Pair Corr

Moving against Blink Stock

0.79	KMX	CarMax Inc	Pair Corr
0.75	600327	Wuxi Commercial Mansion	Pair Corr
0.72	GORV	Lazydays Holdings	Pair Corr
0.69	JZXN	Jiuzi Holdings	Pair Corr
0.68	002607	Offcn Education Tech	Pair Corr
0.63	PAG	Penske Automotive	Pair Corr
0.45	SAH	Sonic Automotive	Pair Corr
0.4	MTO	Motorcycle Holdings	Pair Corr
0.37	CWH	Camping World Holdings	Pair Corr
0.35	GPI	Group 1 Automotive	Pair Corr
0.34	AAP	Advance Auto Parts	Pair Corr
0.86	CRMT	Americas Car Mart	Pair Corr
0.85	MOTR	Motorpoint Group PLC	Pair Corr
0.65	ARKO	Arko Corp Earnings Call This Week	Pair Corr
0.64	ONEW	Onewater Marine	Pair Corr
0.62	UXIN	Uxin	Pair Corr
0.61	PRTS	CarPartsCom Earnings Call This Week	Pair Corr
0.55	CANG	Cango Inc	Pair Corr

Related Correlations Analysis

	SLND	FCEL	SLDP	MIMI	ALTG	SPCE	PAMT	GASS	FC	PPIH
SLND		0.64	0.43	-0.08	-0.55	0.44	-0.24	-0.58	-0.25	-0.45	SLND
FCEL	0.64		0.57	-0.15	-0.78	0.81	-0.65	-0.66	-0.45	-0.51	FCEL
SLDP	0.43	0.57		-0.54	-0.6	0.62	-0.63	-0.51	-0.65	0.04	SLDP
MIMI	-0.08	-0.15	-0.54		0.33	-0.28	0.6	0.23	0.55	-0.27	MIMI
ALTG	-0.55	-0.78	-0.6	0.33		-0.8	0.77	0.79	0.73	0.4	ALTG
SPCE	0.44	0.81	0.62	-0.28	-0.8		-0.71	-0.76	-0.61	-0.39	SPCE
PAMT	-0.24	-0.65	-0.63	0.6	0.77	-0.71		0.55	0.78	0.08	PAMT
GASS	-0.58	-0.66	-0.51	0.23	0.79	-0.76	0.55		0.53	0.62	GASS
FC	-0.25	-0.45	-0.65	0.55	0.73	-0.61	0.78	0.53		0.0	FC
PPIH	-0.45	-0.51	0.04	-0.27	0.4	-0.39	0.08	0.62	0.0		PPIH
	SLND	FCEL	SLDP	MIMI	ALTG	SPCE	PAMT	GASS	FC	PPIH

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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

SPCE	+ 0.81	FCEL
GASS	+ 0.79	ALTG
FC	+ 0.78	PAMT
PAMT	+ 0.77	ALTG
FC	+ 0.73	ALTG
FCEL	+ 0.64	SLND

High negative correlations

SPCE	- 0.8	ALTG
ALTG	- 0.78	FCEL
GASS	- 0.76	SPCE
PAMT	- 0.71	SPCE
GASS	- 0.66	FCEL
FC	- 0.65	SLDP

Risk-Adjusted Indicators

There is a big difference between Blink Stock performing well and Blink Charging 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 Blink Charging'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
SLND	2.45	0.09	0.04	0.18	3.25	(2.46)	5.21	(5.77)	14.40
FCEL	5.23	0.58	0.19	0.26	4.28	(6.33)	14.83	(7.26)	35.91
SLDP	6.50	1.08	0.20	0.47	5.89	(7.88)	16.71	(9.49)	48.73
MIMI	7.07	(0.81)	0.00	(0.23)	0.00	0.00	14.24	(14.79)	43.17
ALTG	2.60	(0.49)	0.00	(0.17)	0.00	0.00	6.61	(5.11)	15.65
SPCE	3.18	(0.15)	(0.01)	0.04	4.01	(3.58)	6.72	(7.22)	19.51
PAMT	2.32	(0.36)	0.00	(0.15)	0.00	0.00	5.51	(5.35)	12.87
GASS	1.34	0.04	(0.03)	0.30	1.34	(1.66)	3.17	(2.06)	8.80
FC	2.10	(0.46)	0.00	(0.07)	0.00	0.00	4.40	(4.29)	11.22
PPIH	3.44	0.18	0.09	0.18	4.39	(3.67)	6.96	(5.09)	32.77

Blink Charging Corporate Management

Jenifer Yokley	Senior Marketing	Profile
Lisan Peet	Vice HR	Profile
Harsha Kollaramajalu	Executive Manufacturing	Profile
Esq Adv	Executive Counsel	Profile
Mahidhar Reddy	LLC SemaConnect	Profile
Ira Feintuch	Advisor	Profile

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