Brookfield Infrastructure Correlations
| BIP Stock | USD 35.29 0.08 0.23% |
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. If the correlation is 0, the equities are not correlated; they are entirely random.
Brookfield Infrastructure Correlation With Market
Weak diversification
The correlation between Brookfield Infrastructure Part and DJI is 0.31 (i.e., Weak 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.
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Moving together with Brookfield Stock
| 0.69 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.79 | INTC | Intel Aggressive Push | PairCorr |
| 0.75 | IBM | International Business | PairCorr |
| 0.82 | JNJ | Johnson Johnson | PairCorr |
Moving against Brookfield Stock
| 0.75 | DTW | DTE Energy | PairCorr |
| 0.74 | SOJC | Southern | PairCorr |
| 0.68 | CNL | Collective Mining | PairCorr |
| 0.57 | BKRKY | Bank Rakyat | PairCorr |
| 0.51 | SOJE | Southern Company | PairCorr |
| 0.39 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.37 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.81 | PG | Procter Gamble | PairCorr |
| 0.71 | VZ | Verizon Communications | PairCorr |
| 0.64 | DIS | Walt Disney | PairCorr |
| 0.62 | BA | Boeing | PairCorr |
| 0.6 | HPQ | HP Inc Earnings Call Tomorrow | PairCorr |
| 0.57 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.34 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | AIKO | ||
| 0.0 | 0.0 | -0.13 | -0.81 | -0.46 | 0.02 | ICL | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PHCFF | ||
| 0.0 | -0.13 | 0.0 | 0.05 | 0.13 | -0.66 | HPQFF | ||
| 0.0 | -0.81 | 0.0 | 0.05 | 0.35 | 0.19 | MITT | ||
| 0.0 | -0.46 | 0.0 | 0.13 | 0.35 | -0.15 | MITP | ||
| 0.0 | 0.02 | 0.0 | -0.66 | 0.19 | -0.15 | KWR | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Brookfield 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIKO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICL | 1.66 | (0.20) | 0.00 | (0.14) | 0.00 | 3.94 | 22.70 | |||
| PHCFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HPQFF | 2.63 | 0.38 | 0.04 | (0.27) | 2.89 | 8.33 | 25.87 | |||
| MITT | 1.14 | 0.16 | 0.13 | 0.58 | 0.97 | 2.66 | 7.73 | |||
| MITP | 0.17 | 0.00 | (0.07) | (0.02) | 0.22 | 0.49 | 1.34 | |||
| KWR | 1.89 | (0.10) | 0.00 | (0.03) | 0.00 | 4.49 | 14.63 |