Brookfield Real Correlations

RA Stock

USD 13.21 0.13 0.97%

The current 90-days correlation between Brookfield Real Assets and Pimco Dynamic Income is 0.03 (i.e., Significant diversification). The correlation of Brookfield Real 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 Real Correlation With Market

Weak diversification

The correlation between Brookfield Real Assets and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Real Assets and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookfield Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Brookfield Real Assets. 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	BBUC	Brookfield Business Corp	Pair Corr
0.74	BK	Bank of New York Earnings Call This Week	Pair Corr
0.65	FT	Franklin Universal Closed	Pair Corr
0.86	TY	Tri Continental Closed	Pair Corr
0.64	WTL	WT Financial Group	Pair Corr
0.75	VINP	Vinci Partners Inves	Pair Corr
0.8	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Brookfield Stock

0.83	AB	AllianceBernstein	Pair Corr
0.77	AC	Associated Capital	Pair Corr
0.4	PX	P10 Inc	Pair Corr
0.36	DHIL	Diamond Hill Investment	Pair Corr
0.82	PNI	Pinnacle Investment	Pair Corr
0.78	JLEN	JLEN Environmental Assets	Pair Corr
0.77	VELO	Velo3D, Common stock Upward Rally	Pair Corr
0.72	ALAB-P	A Labs Capital	Pair Corr
0.64	MIGO	Migo Opportunities Trust	Pair Corr
0.6	IPX	Impax Asset Management	Pair Corr
0.34	MNTN	Schiehallion	Pair Corr
0.76	KUR-H	Kure Technologies	Pair Corr
0.62	CTPE	CT Private Equity	Pair Corr
0.5	PCFT	Polar Capital Global	Pair Corr
0.34	ESCT	European Smaller	Pair Corr
0.32	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	PDI	PTY	CLM	CRF	PDO	GOF	UTG	OPP	OXLC	ECC
PDI		0.97	0.89	0.89	0.98	0.95	0.63	0.73	-0.44	0.14	PDI
PTY	0.97		0.93	0.93	0.98	0.93	0.72	0.65	-0.45	0.04	PTY
CLM	0.89	0.93		0.99	0.94	0.93	0.8	0.45	-0.42	-0.02	CLM
CRF	0.89	0.93	0.99		0.93	0.93	0.81	0.45	-0.42	-0.04	CRF
PDO	0.98	0.98	0.94	0.93		0.95	0.74	0.68	-0.49	0.05	PDO
GOF	0.95	0.93	0.93	0.93	0.95		0.67	0.64	-0.41	0.09	GOF
UTG	0.63	0.72	0.8	0.81	0.74	0.67		0.29	-0.68	-0.43	UTG
OPP	0.73	0.65	0.45	0.45	0.68	0.64	0.29		-0.5	0.1	OPP
OXLC	-0.44	-0.45	-0.42	-0.42	-0.49	-0.41	-0.68	-0.5		0.65	OXLC
ECC	0.14	0.04	-0.02	-0.04	0.05	0.09	-0.43	0.1	0.65		ECC
	PDI	PTY	CLM	CRF	PDO	GOF	UTG	OPP	OXLC	ECC

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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

CRF	+ 0.99	CLM
PDO	+ 0.98	PDI
PDO	+ 0.98	PTY
PTY	+ 0.97	PDI
GOF	+ 0.95	PDI
GOF	+ 0.95	PDO

High negative correlations

OXLC	- 0.68	UTG
OXLC	- 0.5	OPP
OXLC	- 0.49	PDO
OXLC	- 0.45	PTY
OXLC	- 0.44	PDI
ECC	- 0.43	UTG

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Real 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 Real'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
PDI	0.21	0.08	0.11	0.63	0.00	(0.28)	0.56	(0.35)	1.93
PTY	0.19	0.08	0.08	0.54	0.10	(0.23)	0.42	(0.56)	1.59
CLM	0.48	0.06	0.06	0.16	0.56	(0.59)	1.24	(0.76)	3.89
CRF	0.42	0.06	0.06	0.14	0.49	(0.53)	0.93	(0.65)	4.04
PDO	0.21	0.10	0.18	1.12	0.00	(0.28)	0.45	(0.30)	1.49
GOF	0.27	0.02	(0.04)	0.17	0.28	(0.30)	0.60	(0.55)	1.57
UTG	0.58	0.18	0.20	0.49	0.49	(0.63)	1.40	(1.07)	3.33
OPP	0.31	0.02	(0.06)	(0.25)	0.49	(0.32)	0.47	(0.48)	2.82
OXLC	1.45	(0.25)	0.00	(0.52)	0.00	0.00	2.90	(3.56)	11.85
ECC	1.66	(0.15)	0.00	(0.11)	0.00	0.00	2.90	(4.22)	14.77

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