Brookfield Real Correlations

RA Stock

USD 12.88 0.07 0.54%

The current 90-days correlation between Brookfield Real Assets and Gamco Global is -0.18 (i.e., Good diversification). The correlation of Brookfield Real 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.

Brookfield Real Correlation With Market

Very weak diversification

The correlation between Brookfield Real Assets and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Real Assets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookfield Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Brookfield Real Assets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Brookfield Stock

0.61

AMP

Ameriprise Financial

Pair Corr

Moving against Brookfield Stock

0.49	ANSCU	Agriculture Natural	Pair Corr
0.36	BIOG	Biotech Growth	Pair Corr
0.34	WWH	Worldwide Healthcare	Pair Corr
0.31	BME	BlackRock Health Sciences	Pair Corr
0.46	EJFI	EJF Investments	Pair Corr
0.36	EGL	Ecofin Global Utilities Earnings Call This Week	Pair Corr
0.35	ALK	Alkemy Capital Inves	Pair Corr
0.31	BSRT	Baker Steel Resources	Pair Corr

Related Correlations Analysis

	GGN	FFC	QUSIX	QUSOX	FAX	PFN	BCX	BIT	GGT	MYI
GGN		0.0	0.31	0.38	0.19	0.3	0.61	0.31	0.55	0.08	GGN
FFC	0.0		0.23	0.21	0.18	0.38	0.4	0.53	0.42	0.25	FFC
QUSIX	0.31	0.23		0.93	0.82	0.08	0.1	0.32	0.27	-0.35	QUSIX
QUSOX	0.38	0.21	0.93		0.79	0.15	0.17	0.44	0.34	-0.34	QUSOX
FAX	0.19	0.18	0.82	0.79		0.07	0.04	0.29	0.34	-0.55	FAX
PFN	0.3	0.38	0.08	0.15	0.07		0.37	0.45	0.43	0.38	PFN
BCX	0.61	0.4	0.1	0.17	0.04	0.37		0.63	0.76	0.27	BCX
BIT	0.31	0.53	0.32	0.44	0.29	0.45	0.63		0.56	-0.04	BIT
GGT	0.55	0.42	0.27	0.34	0.34	0.43	0.76	0.56		-0.01	GGT
MYI	0.08	0.25	-0.35	-0.34	-0.55	0.38	0.27	-0.04	-0.01		MYI
	GGN	FFC	QUSIX	QUSOX	FAX	PFN	BCX	BIT	GGT	MYI

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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

QUSOX	+ 0.93	QUSIX
FAX	+ 0.82	QUSIX
FAX	+ 0.79	QUSOX
GGT	+ 0.76	BCX
BIT	+ 0.63	BCX
BCX	+ 0.61	GGN

High negative correlations

MYI	- 0.55	FAX
MYI	- 0.35	QUSIX
MYI	- 0.34	QUSOX
MYI	- 0.04	BIT
MYI	- 0.01	GGT
FFC	- 0.0	GGN

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Real 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 Brookfield Real'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
GGN	1.10	0.08	0.01	0.71	1.49	(1.22)	2.01	(1.85)	8.17
FFC	0.34	0.03	(0.08)	(0.23)	0.40	(0.41)	0.85	(0.61)	3.13
QUSIX	0.50	(0.06)	0.00	(2.65)	0.00	0.00	1.04	(0.99)	2.88
QUSOX	0.50	(0.08)	0.00	(0.12)	0.00	0.00	1.04	(0.99)	2.88
FAX	0.55	(0.09)	0.00	(2.53)	0.00	0.00	1.13	(1.17)	3.55
PFN	0.30	(0.03)	0.00	(0.09)	0.00	0.00	0.55	(0.81)	2.60
BCX	0.74	0.14	0.11	0.59	0.60	(0.87)	1.61	(1.22)	3.98
BIT	0.34	(0.07)	0.00	(0.18)	0.00	0.00	0.53	(0.84)	1.92
GGT	0.84	0.01	(0.01)	0.08	1.08	(0.96)	2.04	(2.43)	5.40
MYI	0.30	(0.02)	0.00	(0.10)	0.00	0.00	0.55	(0.55)	2.37

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