Correlation Between Blackrock World and Crescent Capital
Can any of the company-specific risk be diversified away by investing in both Blackrock World and Crescent Capital at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Blackrock World and Crescent Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Blackrock World Mining and Crescent Capital BDC, you can compare the effects of market volatilities on Blackrock World and Crescent Capital and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Blackrock World with a short position of Crescent Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blackrock World and Crescent Capital.
Diversification Opportunities for Blackrock World and Crescent Capital
-0.79 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Blackrock and Crescent is -0.79. Overlapping area represents the amount of risk that can be diversified away by holding Blackrock World Mining and Crescent Capital BDC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Crescent Capital BDC and Blackrock World is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Blackrock World Mining are associated (or correlated) with Crescent Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Crescent Capital BDC has no effect on the direction of Blackrock World i.e., Blackrock World and Crescent Capital go up and down completely randomly.
Pair Corralation between Blackrock World and Crescent Capital
Assuming the 90 days trading horizon Blackrock World Mining is expected to generate 1.32 times more return on investment than Crescent Capital. However, Blackrock World is 1.32 times more volatile than Crescent Capital BDC. It trades about 0.2 of its potential returns per unit of risk. Crescent Capital BDC is currently generating about -0.08 per unit of risk. If you would invest 55,291 in Blackrock World Mining on August 19, 2025 and sell it today you would earn a total of 13,409 from holding Blackrock World Mining or generate 24.25% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Blackrock World Mining vs. Crescent Capital BDC
Performance |
| Timeline |
| Blackrock World Mining |
| Crescent Capital BDC |
Blackrock World and Crescent Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Blackrock World and Crescent Capital
The main advantage of trading using opposite Blackrock World and Crescent Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Blackrock World position performs unexpectedly, Crescent Capital can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Crescent Capital will offset losses from the drop in Crescent Capital's long position.| Blackrock World vs. Uniper SE | Blackrock World vs. London Security Plc | Blackrock World vs. Amicorp FS PLC | Blackrock World vs. Christian Dior SE |
| Crescent Capital vs. Gladstone Investment | Crescent Capital vs. Eagle Point Credit | Crescent Capital vs. MSCome Fund, | Crescent Capital vs. PennantPark Investment |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Complementary Tools
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |