Brookfield Asset Correlations

BAM Stock

USD 53.26 0.34 0.64%

The current 90-days correlation between Brookfield Asset Man and Bright Scholar Education is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Asset Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookfield Asset Correlation With Market

Poor diversification

The correlation between Brookfield Asset Management and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookfield Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Asset Management. 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

0.8	DHIL	Diamond Hill Investment	Pair Corr
0.89	BX	Blackstone Group	Pair Corr
0.89	CG	Carlyle Group Normal Trading	Pair Corr
0.85	PX	P10 Inc	Pair Corr
0.64	RA	Brookfield Real Assets	Pair Corr
0.93	WT	WisdomTree	Pair Corr
0.66	DMYY	dMY Squared Technology	Pair Corr
0.63	JLEN	JLEN Environmental Assets	Pair Corr
0.71	VCTR	Victory Capital Holdings	Pair Corr
0.86	GCMGW	GCM Grosvenor	Pair Corr
0.84	SDV	Chelverton UK Dividend	Pair Corr
0.67	SCGL	Sealand Capital Galaxy	Pair Corr

Moving against Brookfield Stock

0.77	VINP	Vinci Partners Inves	Pair Corr
0.69	MNG	MG Plc	Pair Corr
0.65	AB	AllianceBernstein	Pair Corr
0.56	FT	Franklin Universal Closed	Pair Corr
0.51	VELO	Velo3D,	Pair Corr
0.47	HHI	Henderson High Income	Pair Corr
0.34	BK	Bank of New York	Pair Corr
0.83	EICB	Eagle Pointome	Pair Corr
0.81	DFN	Dividend 15 Split	Pair Corr
0.78	LBS	Life Banc Split Split	Pair Corr
0.69	CMPG	CT Global Managed	Pair Corr
0.62	CTPE	CT Private Equity	Pair Corr
0.61	SII	Sprott Inc	Pair Corr
0.59	OEQ	Orion Equities	Pair Corr
0.57	BCBN	Base Carbon	Pair Corr

Related Correlations Analysis

	RFGPF	BEDU	AHFD	WFCF	HHEGF	SIGRF	FEDU	LINC
RFGPF		0.0	-1.0	0.0	1.0	0.0	0.0	0.0	RFGPF
BEDU	0.0		0.0	-0.27	0.0	0.82	-0.3	0.14	BEDU
AHFD	-1.0	0.0		0.0	-1.0	0.0	0.0	0.0	AHFD
WFCF	0.0	-0.27	0.0		0.0	-0.03	0.11	0.46	WFCF
HHEGF	1.0	0.0	-1.0	0.0		0.0	0.0	0.0	HHEGF
SIGRF	0.0	0.82	0.0	-0.03	0.0		-0.24	0.33	SIGRF
FEDU	0.0	-0.3	0.0	0.11	0.0	-0.24		-0.13	FEDU
LINC	0.0	0.14	0.0	0.46	0.0	0.33	-0.13		LINC
	RFGPF	BEDU	AHFD	WFCF	HHEGF	SIGRF	FEDU	LINC

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

HHEGF	+ 1.0	RFGPF
SIGRF	+ 0.82	BEDU
LINC	+ 0.46	WFCF
LINC	+ 0.33	SIGRF
LINC	+ 0.14	BEDU
FEDU	+ 0.11	WFCF

High negative correlations

HHEGF	- 1.0	AHFD
AHFD	- 1.0	RFGPF
FEDU	- 0.3	BEDU
WFCF	- 0.27	BEDU
FEDU	- 0.24	SIGRF
LINC	- 0.13	FEDU

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Asset 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 Asset'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
RFGPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEDU	1.83	0.34	0.09	0.40	2.50	(2.74)	3.98	(2.79)	21.46
AHFD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WFCF	1.45	(0.04)	(0.01)	0.04	2.04	(2.14)	3.30	(2.86)	14.74
HHEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIGRF	0.12	0.05	0.00	6.00	0.00	0.00	0.00	0.00	3.99
FEDU	1.86	(0.06)	0.00	(0.84)	0.00	0.00	6.30	(6.79)	19.34
LINC	2.21	0.13	0.06	0.15	2.79	(2.26)	4.00	(4.66)	20.71

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