Brookfield Asset Correlations

BAM Stock

USD 61.49 2.17 3.66%

The current 90-days correlation between Brookfield Asset Man and KKR Co LP is -0.24 (i.e., Very good 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 0.66 (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

0.82	V	Visa Class A Sell-off Trend	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.87	MA	Mastercard	Pair Corr
0.77	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.74	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.74	GAIN	Gladstone Investment	Pair Corr
0.74	GLAD	Gladstone Capital Normal Trading	Pair Corr
0.61	HTGC	Hercules Capital Normal Trading	Pair Corr
0.72	OPFI	OppFi Inc	Pair Corr
0.75	PFLT	PennantPark Floating Rate	Pair Corr
0.85	PYPL	PayPal Holdings	Pair Corr
0.74	ARCC	Ares Capital	Pair Corr
0.65	TPVG	Triplepoint Venture	Pair Corr
0.69	TSLX	Sixth Street Specialty Normal Trading	Pair Corr
0.7	C	Citigroup Aggressive Push	Pair Corr
0.71	L	Loews Corp	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.86	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.71	AX	Axos Financial	Pair Corr
0.83	BK	Bank of New York	Pair Corr
0.83	BN	Brookfield Corp	Pair Corr
0.69	BX	Blackstone Group Normal Trading	Pair Corr
0.78	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.65	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.73	CM	Canadian Imperial Bank	Pair Corr
0.81	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.74	HG	Hamilton Insurance Group, Normal Trading	Pair Corr

Moving against Brookfield Stock

0.41	HRZN	Horizon Technology	Pair Corr
0.58	FG	FG Annuities Life	Pair Corr
0.34	EG	Everest Group	Pair Corr

Related Correlations Analysis

	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC
KKR		0.92	0.86	0.94	0.97	0.92	0.96	0.96	0.86	0.92	KKR
BX	0.92		0.93	0.97	0.91	0.88	0.89	0.89	0.84	0.88	BX
APO	0.86	0.93		0.88	0.8	0.82	0.77	0.77	0.71	0.78	APO
TROW	0.94	0.97	0.88		0.94	0.91	0.92	0.94	0.85	0.92	TROW
CG	0.97	0.91	0.8	0.94		0.87	0.99	0.98	0.94	0.95	CG
ARES	0.92	0.88	0.82	0.91	0.87		0.87	0.91	0.79	0.92	ARES
BLK	0.96	0.89	0.77	0.92	0.99	0.87		0.97	0.94	0.94	BLK
BEN	0.96	0.89	0.77	0.94	0.98	0.91	0.97		0.9	0.94	BEN
MAIN	0.86	0.84	0.71	0.85	0.94	0.79	0.94	0.9		0.93	MAIN
ARCC	0.92	0.88	0.78	0.92	0.95	0.92	0.94	0.94	0.93		ARCC
	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC

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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
KKR	1.69	0.43	0.07	(0.69)	2.05	(1.75)	4.43	(3.12)	11.35
BX	1.69	0.12	0.13	0.23	1.76	(2.09)	3.90	(3.11)	11.55
APO	1.62	0.05	0.08	0.19	1.85	(1.70)	4.39	(3.49)	14.48
TROW	1.20	0.08	0.09	0.22	1.12	(1.30)	3.24	(1.95)	6.77
CG	1.75	0.67	0.16	(1.60)	2.13	(1.94)	4.09	(3.21)	14.63
ARES	1.39	0.23	0.15	0.34	1.45	(1.56)	3.15	(2.94)	9.05
BLK	1.07	0.28	0.04	(1.01)	1.63	(1.08)	2.33	(2.49)	6.38
BEN	1.28	0.44	0.16	(4.08)	1.17	(1.46)	3.25	(2.51)	9.64
MAIN	0.96	0.25	0.18	0.51	0.76	(1.15)	2.26	(1.73)	4.93
ARCC	0.70	0.16	0.08	0.42	0.74	(0.78)	1.80	(1.53)	5.26

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