Blink Charging Correlations

BLNK Stock

USD 1.82 0.09 4.71%

The current 90-days correlation between Blink Charging and ChargePoint Holdings is 0.07 (i.e., Significant 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

Weak diversification

The correlation between Blink Charging Co and DJI is 0.34 (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

0.83	TRA	Turners Automotive	Pair Corr
0.82	EVGO	Evgo Inc	Pair Corr
0.88	APE	Eagers Automotive	Pair Corr
0.76	NAAS	Naas Technology ADR Downward Rally	Pair Corr
0.68	MG	Magna International	Pair Corr

Moving against Blink Stock

0.71	KMX	CarMax Inc	Pair Corr
0.7	600327	Wuxi Commercial Mansion	Pair Corr
0.68	JZXN	Jiuzi Holdings	Pair Corr
0.56	GORV	Lazydays Holdings	Pair Corr
0.55	MTO	Motorcycle Holdings	Pair Corr
0.49	KXIN	Kaixin Auto Holdings	Pair Corr
0.44	002607	Offcn Education Tech	Pair Corr
0.41	PAG	Penske Automotive Earnings Call This Week	Pair Corr
0.34	SAH	Sonic Automotive Earnings Call This Week	Pair Corr
0.33	CWH	Camping World Holdings	Pair Corr
0.84	MOTR	Motorpoint Group PLC	Pair Corr
0.8	CRMT	Americas Car Mart	Pair Corr
0.68	PKX	POSCO Holdings	Pair Corr
0.57	PRTS	CarPartsCom	Pair Corr
0.55	CANG	Cango Inc	Pair Corr
0.54	PTAIF	PT Astra International	Pair Corr
0.52	UXIN	Uxin	Pair Corr
0.48	ARKO	Arko Corp	Pair Corr
0.33	600386	Beijing Bashi Media	Pair Corr

Related Correlations Analysis

	AMRC	CHPT	DY	FIX	FLR	LI	PWR	QS	WKHS	XPEV
AMRC		0.18	0.6	0.78	-0.18	-0.38	0.52	0.7	-0.83	0.67	AMRC
CHPT	0.18		0.18	-0.09	0.25	0.11	0.3	0.43	0.17	0.23	CHPT
DY	0.6	0.18		0.68	0.1	-0.23	0.79	0.77	-0.23	0.4	DY
FIX	0.78	-0.09	0.68		-0.33	-0.54	0.51	0.57	-0.7	0.64	FIX
FLR	-0.18	0.25	0.1	-0.33		0.65	0.48	0.33	0.5	-0.48	FLR
LI	-0.38	0.11	-0.23	-0.54	0.65		0.07	0.04	0.44	-0.42	LI
PWR	0.52	0.3	0.79	0.51	0.48	0.07		0.85	-0.09	0.25	PWR
QS	0.7	0.43	0.77	0.57	0.33	0.04	0.85		-0.3	0.37	QS
WKHS	-0.83	0.17	-0.23	-0.7	0.5	0.44	-0.09	-0.3		-0.66	WKHS
XPEV	0.67	0.23	0.4	0.64	-0.48	-0.42	0.25	0.37	-0.66		XPEV
	AMRC	CHPT	DY	FIX	FLR	LI	PWR	QS	WKHS	XPEV

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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

QS	+ 0.85	PWR
PWR	+ 0.79	DY
FIX	+ 0.78	AMRC
QS	+ 0.77	DY
QS	+ 0.7	AMRC
FIX	+ 0.68	DY

High negative correlations

WKHS	- 0.83	AMRC
WKHS	- 0.7	FIX
XPEV	- 0.66	WKHS
LI	- 0.54	FIX
XPEV	- 0.48	FLR
XPEV	- 0.42	LI

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
AMRC	4.09	1.49	0.33	2.43	3.47	(4.86)	10.22	(6.21)	67.11
CHPT	3.29	0.02	(0.01)	0.01	5.14	(3.10)	6.16	(6.44)	23.44
DY	1.50	0.17	0.10	0.27	1.50	(1.77)	3.35	(2.18)	7.86
FIX	2.08	0.65	0.42	0.65	1.04	(2.68)	3.76	(2.30)	26.02
FLR	2.26	(0.23)	0.00	(0.07)	0.00	0.00	5.16	(3.73)	30.00
LI	1.98	(0.50)	0.00	(0.41)	0.00	0.00	3.57	(5.43)	12.52
PWR	1.32	0.10	0.06	0.17	1.26	(1.54)	3.55	(2.70)	8.26
QS	5.11	0.30	0.06	0.17	5.56	(6.43)	15.58	(10.12)	34.44
WKHS	2.95	(1.10)	0.00	6.35	0.00	0.00	5.45	(7.08)	19.13
XPEV	2.43	0.22	0.07	0.23	3.11	(2.50)	4.61	(5.29)	19.93

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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