Brookfield Infrastructure Correlations

BIP-PB Preferred Stock

USD 16.28 0.06 0.37%

The current 90-days correlation between Brookfield Infrastructure and Yum Brands is 0.37 (i.e., Weak diversification). The correlation of Brookfield Infrastructure 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 Infrastructure Correlation With Market

Average diversification

The correlation between Brookfield Infrastructure Part and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure Part and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brookfield Infrastructure 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 Infrastructure 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 Infrastructure - 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 Infrastructure Partners to buy it.

Moving together with Brookfield Preferred Stock

0.64	BIP	Brookfield Infrastructure	Pair Corr
0.62	CIG	Companhia Energetica	Pair Corr
0.87	BIP-PA	Brookfield Infrastructure	Pair Corr
0.63	D	Dominion Energy	Pair Corr
0.63	ES	Eversource Energy	Pair Corr
0.66	NI	NiSource	Pair Corr
0.61	ELPC	Companhia Paranaense	Pair Corr
0.65	ENLT	Enlight Renewable Energy	Pair Corr
0.71	BEP	Brookfield Renewable	Pair Corr

Moving against Brookfield Preferred Stock

0.44	ED	Consolidated Edison	Pair Corr
0.42	AVA	Avista	Pair Corr
0.41	UTL	UNITIL	Pair Corr
0.5	EIX	Edison International	Pair Corr
0.46	EXC	Exelon	Pair Corr
0.41	CWT	California Water Service	Pair Corr
0.35	CPK	Chesapeake Utilities	Pair Corr
0.33	CMS	CMS Energy	Pair Corr
0.32	WTRG	Essential Utilities	Pair Corr

Related Correlations Analysis

	YUM	AKTAF	PBNAF	RIG	CBRL	EGDFF	HP	NATH
YUM		-0.09	-0.02	-0.03	-0.1	0.0	0.36	-0.08	YUM
AKTAF	-0.09		0.93	0.71	0.84	0.0	-0.58	0.89	AKTAF
PBNAF	-0.02	0.93		0.75	0.79	0.0	-0.53	0.88	PBNAF
RIG	-0.03	0.71	0.75		0.6	0.0	-0.19	0.78	RIG
CBRL	-0.1	0.84	0.79	0.6		0.0	-0.77	0.87	CBRL
EGDFF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EGDFF
HP	0.36	-0.58	-0.53	-0.19	-0.77	0.0		-0.59	HP
NATH	-0.08	0.89	0.88	0.78	0.87	0.0	-0.59		NATH
	YUM	AKTAF	PBNAF	RIG	CBRL	EGDFF	HP	NATH

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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

PBNAF	+ 0.93	AKTAF
NATH	+ 0.89	AKTAF
NATH	+ 0.88	PBNAF
NATH	+ 0.87	CBRL
CBRL	+ 0.84	AKTAF
CBRL	+ 0.79	PBNAF

High negative correlations

HP	- 0.77	CBRL
NATH	- 0.59	HP
HP	- 0.58	AKTAF
HP	- 0.53	PBNAF
HP	- 0.19	RIG
CBRL	- 0.1	YUM

Risk-Adjusted Indicators

There is a big difference between Brookfield Preferred Stock performing well and Brookfield Infrastructure 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 Infrastructure'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
YUM	1.00	(0.11)	0.00	(0.12)	0.00	0.00	2.03	(1.95)	10.47
AKTAF	1.77	0.36	0.13	0.94	1.70	(2.74)	4.41	(2.94)	9.53
PBNAF	0.53	0.16	0.00	1.43	0.00	0.00	2.35	(0.06)	8.61
RIG	3.96	(0.11)	(0.01)	0.01	5.51	(4.25)	8.70	(7.59)	20.22
CBRL	3.13	0.73	0.18	0.70	3.49	(3.51)	9.37	(5.43)	21.87
EGDFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HP	3.07	(0.63)	0.00	3.77	0.00	0.00	5.38	(5.59)	29.53
NATH	1.39	0.26	0.11	7.01	1.37	(1.56)	3.53	(2.87)	8.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brookfield Infrastructure 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.

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Brookfield Infrastructure Corporate Management

Michael Ryan	Managing Limited	Profile
Samuel Pollock	Managing Limited	Profile
David CPA	CFO Infrastructure	Profile
CFA CFA	Managing Infrastructure	Profile
Michael Botha	Managing Limited	Profile
Brian Baker	Managing Infrastructure	Profile
Carlos Castro	Managing Limited	Profile

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