Blink Charging Correlations

BLNK Stock

USD 1.56 0.01 0.65%

The current 90-days correlation between Blink Charging and Comfort Systems USA is 0.12 (i.e., Average diversification). 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

Average diversification

The correlation between Blink Charging Co and DJI is 0.14 (i.e., Average 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.

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 board of governors.

Moving against Blink Stock

0.6	GME	GameStop Corp Aggressive Push	Pair Corr
0.51	JFBR	Jeffs Brands	Pair Corr
0.49	EYE	National Vision Holdings	Pair Corr
0.4	ABG	Asbury Automotive	Pair Corr
0.36	ARHS	Arhaus Inc	Pair Corr
0.33	GLBE	Global E Online	Pair Corr
0.56	BH	Biglari Holdings	Pair Corr
0.35	EDTK	Skillful Craftsman	Pair Corr
0.35	BZH	Beazer Homes USA	Pair Corr

Related Correlations Analysis

	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY
FIX		0.96	0.97	0.93	0.97	-0.01	0.91	0.76	0.88	0.34	FIX
MTZ	0.96		0.98	0.94	0.95	0.05	0.9	0.77	0.89	0.33	MTZ
EME	0.97	0.98		0.97	0.95	0.0	0.9	0.77	0.89	0.31	EME
GVA	0.93	0.94	0.97		0.89	-0.08	0.89	0.72	0.83	0.14	GVA
PWR	0.97	0.95	0.95	0.89		0.08	0.93	0.84	0.88	0.36	PWR
KBR	-0.01	0.05	0.0	-0.08	0.08		0.18	0.48	0.24	0.06	KBR
ACM	0.91	0.9	0.9	0.89	0.93	0.18		0.85	0.83	0.11	ACM
J	0.76	0.77	0.77	0.72	0.84	0.48	0.85		0.82	0.25	J
TPC	0.88	0.89	0.89	0.83	0.88	0.24	0.83	0.82		0.44	TPC
DY	0.34	0.33	0.31	0.14	0.36	0.06	0.11	0.25	0.44		DY
	FIX	MTZ	EME	GVA	PWR	KBR	ACM	J	TPC	DY

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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

EME	+ 0.98	MTZ
EME	+ 0.97	FIX
PWR	+ 0.97	FIX
GVA	+ 0.97	EME
MTZ	+ 0.96	FIX
PWR	+ 0.95	MTZ

High negative correlations

KBR	- 0.08	GVA
KBR	- 0.01	FIX
KBR	- 0.0	EME

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
FIX	1.86	0.35	0.13	0.28	2.94	(1.94)	5.28	(3.47)	17.05
MTZ	1.68	0.25	0.14	0.28	1.80	(1.89)	4.33	(2.85)	10.15
EME	1.41	0.28	0.14	0.31	1.92	(1.56)	3.31	(2.67)	10.81
GVA	1.05	0.32	0.33	0.41	0.56	(1.35)	2.88	(1.32)	5.35
PWR	1.19	0.25	0.15	0.35	1.35	(1.36)	3.23	(1.75)	9.70
KBR	1.34	(0.31)	0.00	(0.09)	0.00	0.00	2.54	(3.09)	16.92
ACM	1.05	0.22	0.09	1.08	1.23	(1.18)	2.82	(1.75)	8.55
J	1.09	0.06	0.04	0.17	1.63	(1.12)	2.41	(1.97)	9.97
TPC	2.68	0.06	0.06	0.14	3.06	(3.09)	7.18	(4.60)	20.69
DY	1.93	0.02	0.00	0.14	3.05	(1.82)	4.43	(3.57)	19.59

Blink Charging Corporate Management

Jenifer Yokley	Senior Marketing	Profile
Harsha Kollaramajalu	Executive Manufacturing	Profile
Esq Adv	Executive Counsel	Profile
Mahidhar Reddy	LLC SemaConnect	Profile
Michael CPA	Chief Officer	Profile
Michael Battaglia	Chief Officer	Profile

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