Black Knight Correlations

BKI
 Stock
  

USD 65.12  1.06  1.60%   

The correlation of Black Knight is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Black Knight moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Knight moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Black Knight could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Knight when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Black Knight - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Black Knight to buy it.

Moving against Black Knight

0.57CCCSCCC Intelligent SolutionsPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
ARQQALTR
ALTRADBE
ALFAKAM
ARQQAKAM
ARQQALF
ALTRAKAM
  
High negative correlations   
ATENARQQ
ATENALF
BASEATEN
ATENAKAM
ATENALTR
ATENARBE

Black Knight Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Black Knight stock performing well and Black Knight company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Black Knight's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ACIW 1.93 (0.09)  0.00 (0.29)  0.00 (0.041)  0.00  3.22 (4.57)  10.46 
ADBE 2.19  0.01  0.00 (0.19)  0.00 (0.0306)  0.00  4.28 (4.05)  13.17 
AKAM 1.51 (0.25)  0.00 (0.54)  0.00 (0.09)  0.00  1.95 (3.93)  11.57 
ALF 3.24 (0.31)  0.00 (0.55)  0.00 (0.06)  0.00  7.41 (7.83)  25.55 
ALTR 2.00 (0.08)  0.00 (0.27)  0.00 (0.0323)  0.00  4.03 (4.05)  12.37 
APPN 5.15  0.43  0.00 (0.03)  0.00  0.0168  0.00  9.45 (9.47)  54.54 
ARBE 3.25 (0.13)  0.00 (0.38)  0.00 (0.0172)  0.00  6.07 (8.37)  24.44 
ARQQ 5.82 (0.76)  0.00 (0.78)  0.00 (0.11)  0.00  12.15 (15.00)  31.84 
ATEN 2.79  0.35  0.06  0.02  3.77  0.06 (2.67)  5.05 (6.26)  23.86 
BASE 4.52  0.64  0.07  0.10  5.75  0.07 (4.90)  10.05 (9.26)  25.06 

Similar Equity Warning - BKI

Black Knight was forked

The entity Black Knight with a symbol BKI was recently forked. You can potentially use BUCKEYE TECHNOLOGIES INC with a symbol BKI1 from now on.

Black Knight Corporate Directors

Black Knight corporate directors refer to members of a Black Knight board of directors. The board of directors generally takes responsibility for the Black Knight's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Black Knight's board members must vote for the resolution. The Black Knight board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Suwan Thansathit - Independent DirectorProfile
Chonan Phetchayaphaisit - Independent DirectorProfile
David Hunt - Independent DirectorProfile
Phimchai Lueamrung - Managing Director of Human ResourcesProfile

Investing Black Knight

You need to understand the risk of investing before taking a position in Black Knight. The danger of trading Black Knight is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Black Knight is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Black Knight. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Black Knight is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Black Knight information on this page should be used as a complementary analysis to other Black Knight's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Black Knight price analysis, check to measure Black Knight's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Knight is operating at the current time. Most of Black Knight's value examination focuses on studying past and present price action to predict the probability of Black Knight's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Black Knight's price. Additionally, you may evaluate how the addition of Black Knight to your portfolios can decrease your overall portfolio volatility.
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Is Black Knight's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Black Knight. If investors know Black will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Black Knight listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
5.76
Market Capitalization
10.2 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0341
Return On Equity
0.17
The market value of Black Knight is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Knight's value that differs from its market value or its book value, called intrinsic value, which is Black Knight's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Black Knight's market value can be influenced by many factors that don't directly affect Black Knight's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Black Knight's value and its price as these two are different measures arrived at by different means. Investors typically determine Black Knight value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Knight's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.