BlackRock TCP Correlations

TCPC Stock

USD 6.00 0.09 1.52%

The current 90-days correlation between BlackRock TCP Capital and Yuexiu Transport Infrastructure is -0.01 (i.e., Good diversification). The correlation of BlackRock TCP 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.

BlackRock TCP Correlation With Market

Very weak diversification

The correlation between BlackRock TCP Capital and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackRock TCP Capital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackRock Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BlackRock TCP Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with BlackRock Stock

0.73	VRTS	Virtus Investment	Pair Corr
0.64	FDUS	Fidus Investment Corp	Pair Corr
0.74	PRIM	Primorus Investments plc	Pair Corr
0.95	LIT	Litigation Capital	Pair Corr
0.7	ICG	Intermediate Capital	Pair Corr
0.9	TAVI	Tavistock Investments Plc	Pair Corr

Moving against BlackRock Stock

0.84	HQH	Tekla Healthcare Inv	Pair Corr
0.82	BIOG	Biotech Growth	Pair Corr
0.82	LWI	Lowland Investment Earnings Call This Week	Pair Corr
0.81	VINP	Vinci Partners Inves	Pair Corr
0.8	INFOMEDIA	Infomedia Press	Pair Corr
0.75	ATT	Allianz Technology Trust	Pair Corr
0.69	JFJ	JPMorgan Japanese	Pair Corr
0.67	ACQ	Acorn Capital Investment	Pair Corr
0.62	WWH	Worldwide Healthcare	Pair Corr
0.59	VFL	Delaware Investments	Pair Corr
0.59	BRFI	BlackRock Frontiers Earnings Call This Week	Pair Corr
0.53	BKN	BlackRock Investment	Pair Corr
0.5	VEIL	Vietnam Enterprise	Pair Corr
0.42	IPX	Impax Asset Management	Pair Corr
0.37	HRI	Herald Investment Trust	Pair Corr
0.87	RICA	Ruffer Investment	Pair Corr
0.85	TMPL	Temple Bar Investment	Pair Corr
0.85	IBT	International Biotechnology	Pair Corr
0.8	BRWM	Blackrock World Mining	Pair Corr
0.77	FCIT	FC Investment Trust	Pair Corr
0.77	PCT	Polar Capital Technology	Pair Corr
0.76	OIT	Odyssean Investment Trust	Pair Corr
0.74	CGI	Canadian General Inv	Pair Corr
0.73	EJFI	EJF Investments	Pair Corr

Related Correlations Analysis

	FIHL	PIAIF	KNX	VNRFY	DKS	GZITF	UVE	TPSRF
FIHL		0.19	0.41	0.51	-0.28	0.66	0.9	-0.06	FIHL
PIAIF	0.19		0.18	0.2	-0.65	0.66	0.44	0.49	PIAIF
KNX	0.41	0.18		0.66	-0.09	0.27	0.45	0.47	KNX
VNRFY	0.51	0.2	0.66		-0.3	0.27	0.46	0.1	VNRFY
DKS	-0.28	-0.65	-0.09	-0.3		-0.64	-0.36	-0.16	DKS
GZITF	0.66	0.66	0.27	0.27	-0.64		0.81	0.24	GZITF
UVE	0.9	0.44	0.45	0.46	-0.36	0.81		0.2	UVE
TPSRF	-0.06	0.49	0.47	0.1	-0.16	0.24	0.2		TPSRF
	FIHL	PIAIF	KNX	VNRFY	DKS	GZITF	UVE	TPSRF

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

UVE	+ 0.9	FIHL
UVE	+ 0.81	GZITF
GZITF	+ 0.66	FIHL
GZITF	+ 0.66	PIAIF
VNRFY	+ 0.66	KNX
VNRFY	+ 0.51	FIHL

High negative correlations

DKS	- 0.65	PIAIF
GZITF	- 0.64	DKS
UVE	- 0.36	DKS
DKS	- 0.3	VNRFY
DKS	- 0.28	FIHL
TPSRF	- 0.16	DKS

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
FIHL	1.03	0.13	0.06	0.25	1.25	(1.04)	2.49	(2.04)	8.19
PIAIF	1.57	0.04	0.00	0.01	0.00	0.00	3.85	(4.68)	15.02
KNX	1.91	0.01	0.01	0.07	2.16	(2.43)	4.47	(3.10)	14.33
VNRFY	0.77	0.01	0.00	(0.02)	0.00	0.00	0.00	0.00	25.26
DKS	1.69	(0.21)	0.00	(0.07)	0.00	0.00	4.31	(3.58)	11.98
GZITF	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.75
UVE	1.67	0.38	0.24	0.33	1.30	(2.01)	4.40	(2.22)	14.84
TPSRF	0.65	(0.02)	0.00	(0.04)	0.00	0.00	0.00	0.00	28.03

BlackRock TCP Corporate Management

Laurence Esq	General Secretary	Profile
Jason Mehring	Managing Director	Profile
Robert CPA	Managing Director	Profile
Patrick Wolfe	Chief Officer	Profile
Charles Park	Interim Officer	Profile
Rajneesh CPA	Chairman CEO	Profile

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