Brookfield Correlations

B1AM34 Stock

BRL 91.88 2.34 2.48%

The current 90-days correlation between Brookfield and HCA Healthcare, is -0.06 (i.e., Good diversification). The correlation of Brookfield 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 Correlation With Market

Average diversification

The correlation between Brookfield 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 Brookfield and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brookfield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield 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 Brookfield - 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 Brookfield to buy it.

Moving together with Brookfield Stock

0.64	BLAK34	BlackRock	Pair Corr
0.84	BONY34	The Bank	Pair Corr
0.81	S1TT34	State Street	Pair Corr

Moving against Brookfield Stock

0.68	TMCO34	Toyota Motor	Pair Corr
0.45	SNEC34	Sony Group	Pair Corr
0.45	B1SA34	Banco Santander Chile Earnings Call This Week	Pair Corr
0.42	H1DB34	HDFC Bank Limited	Pair Corr
0.39	LOGG3	LOG Commercial Properties	Pair Corr

Related Correlations Analysis

	H1CA34	C2ZR34	U1HS34	MATD3	CVSH34	D1DG34	E1DU34	LEVE3
H1CA34		0.02	-0.43	0.36	-0.51	0.52	-0.02	0.62	H1CA34
C2ZR34	0.02		-0.05	0.26	-0.32	0.49	0.63	-0.06	C2ZR34
U1HS34	-0.43	-0.05		-0.27	0.24	-0.59	-0.27	-0.27	U1HS34
MATD3	0.36	0.26	-0.27		-0.61	0.21	0.01	0.54	MATD3
CVSH34	-0.51	-0.32	0.24	-0.61		-0.4	0.05	-0.45	CVSH34
D1DG34	0.52	0.49	-0.59	0.21	-0.4		0.44	0.23	D1DG34
E1DU34	-0.02	0.63	-0.27	0.01	0.05	0.44		-0.2	E1DU34
LEVE3	0.62	-0.06	-0.27	0.54	-0.45	0.23	-0.2		LEVE3
	H1CA34	C2ZR34	U1HS34	MATD3	CVSH34	D1DG34	E1DU34	LEVE3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

E1DU34	+ 0.63	C2ZR34
LEVE3	+ 0.62	H1CA34
LEVE3	+ 0.54	MATD3
D1DG34	+ 0.52	H1CA34
D1DG34	+ 0.49	C2ZR34
E1DU34	+ 0.44	D1DG34

High negative correlations

CVSH34	- 0.61	MATD3
D1DG34	- 0.59	U1HS34
CVSH34	- 0.51	H1CA34
LEVE3	- 0.45	CVSH34
U1HS34	- 0.43	H1CA34
D1DG34	- 0.4	CVSH34

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield 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'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
H1CA34	0.65	0.07	(0.03)	(1.01)	0.85	(2.21)	2.16	(1.92)	11.40
C2ZR34	0.58	0.15	0.00	0.83	0.00	0.00	3.09	(0.20)	11.10
U1HS34	0.61	(0.10)	0.00	1.14	0.00	0.00	1.50	(2.74)	8.03
MATD3	2.53	0.24	0.02	(0.46)	2.85	(3.18)	5.30	(5.58)	15.49
CVSH34	1.39	(0.21)	0.00	(90.50)	0.00	0.00	3.18	(3.65)	10.22
D1DG34	1.85	0.66	0.26	(7.17)	1.07	(3.00)	7.26	(2.79)	22.62
E1DU34	1.74	(0.03)	(0.06)	(0.04)	2.12	(2.13)	4.29	(3.50)	16.38
LEVE3	1.10	0.03	(0.09)	(0.16)	1.23	(1.24)	3.23	(2.19)	7.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brookfield without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Suggestion Now

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC