Brookfield Correlations

BN-PFI Preferred Stock

25.00 0.09 0.36%

The current 90-days correlation between Brookfield and NVIDIA CDR is -0.04 (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

Good diversification

The correlation between Brookfield and DJI is -0.2 (i.e., Good 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 Preferred Stock

0.89	NVDA	NVIDIA CDR	Pair Corr
0.93	MSFT	Microsoft Corp CDR	Pair Corr
0.93	MSFT	Microsoft CDR	Pair Corr
0.89	NVDA	Nvidia CDR	Pair Corr
0.91	AMZN	Amazon CDR	Pair Corr
0.84	GOOG	Alphabet CDR Earnings Call This Week	Pair Corr
0.95	META	Meta Platforms CDR	Pair Corr
0.91	AMZN	Amazon CDR	Pair Corr
0.82	CNQ	Canadian Natural Res	Pair Corr

Related Correlations Analysis

	NVDA	MSFT	AAPL	MSFT	NVDA	AMZN	AAPL	GOOG	META	AMZN
NVDA		0.96	0.26	0.96	1.0	0.96	0.26	0.89	0.94	0.96	NVDA
MSFT	0.96		0.19	1.0	0.96	0.96	0.19	0.85	0.98	0.96	MSFT
AAPL	0.26	0.19		0.19	0.26	0.31	1.0	0.23	0.17	0.31	AAPL
MSFT	0.96	1.0	0.19		0.96	0.96	0.19	0.85	0.98	0.96	MSFT
NVDA	1.0	0.96	0.26	0.96		0.96	0.26	0.89	0.94	0.96	NVDA
AMZN	0.96	0.96	0.31	0.96	0.96		0.31	0.89	0.97	1.0	AMZN
AAPL	0.26	0.19	1.0	0.19	0.26	0.31		0.23	0.17	0.31	AAPL
GOOG	0.89	0.85	0.23	0.85	0.89	0.89	0.23		0.84	0.89	GOOG
META	0.94	0.98	0.17	0.98	0.94	0.97	0.17	0.84		0.97	META
AMZN	0.96	0.96	0.31	0.96	0.96	1.0	0.31	0.89	0.97		AMZN
	NVDA	MSFT	AAPL	MSFT	NVDA	AMZN	AAPL	GOOG	META	AMZN

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Risk-Adjusted Indicators

There is a big difference between Brookfield Preferred 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
NVDA	1.62	0.60	0.25	1.42	1.53	(1.98)	4.20	(2.82)	8.73
MSFT	0.94	0.40	0.23	2.36	0.62	(1.08)	2.33	(1.30)	9.87
AAPL	1.12	0.06	(0.04)	1.37	1.52	(1.10)	2.57	(2.81)	9.11
MSFT	0.94	0.40	0.23	2.36	0.62	(1.08)	2.33	(1.30)	9.87
NVDA	1.62	0.60	0.25	1.42	1.53	(1.98)	4.20	(2.82)	8.73
AMZN	1.33	0.32	0.16	1.78	1.04	(1.63)	3.55	(1.95)	10.53
AAPL	1.12	0.06	(0.04)	1.37	1.52	(1.10)	2.57	(2.81)	9.11
GOOG	1.33	0.18	0.06	0.58	1.67	(1.42)	2.84	(1.99)	10.23
META	1.50	0.42	0.22	1.50	1.05	(1.88)	3.98	(2.38)	11.11
AMZN	1.33	0.32	0.16	1.78	1.04	(1.63)	3.55	(1.95)	10.53

Brookfield Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Brookfield preferred stock to make a market-neutral strategy. Peer analysis of Brookfield could also be used in its relative valuation, which is a method of valuing Brookfield by comparing valuation metrics with similar companies.

NVIDIA CDR Microsoft Corp CDR Apple Inc CDR Microsoft CDR Nvidia CDR Amazon CDR Apple CDR Alphabet Inc CDR Meta Platforms CDR Amazon CDR American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

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