Brookfield Asset Correlations

BAM Stock

72.28 1.56 2.11%

The current 90-days correlation between Brookfield Asset Man and Maple Leaf Foods is -0.18 (i.e., 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

Very weak diversification

The correlation between Brookfield Asset Management and DJI is 0.49 (i.e., Very weak 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.

The ability to find closely correlated positions to Brookfield Asset 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 Asset 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 Asset - 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 Asset Management to buy it.

Moving against Brookfield Stock

0.54	NG	NovaGold Resources	Pair Corr
0.37	SBIO	Sabio Holdings	Pair Corr

Related Correlations Analysis

	MFI	MKO	MARI	IPO	FOOD	PD	MMP-UN	ESK
MFI		0.58	0.43	-0.65	-0.78	-0.86	0.67	0.86	MFI
MKO	0.58		0.74	-0.14	-0.42	-0.58	0.84	0.58	MKO
MARI	0.43	0.74		0.01	-0.1	-0.27	0.68	0.43	MARI
IPO	-0.65	-0.14	0.01		0.53	0.76	-0.28	-0.56	IPO
FOOD	-0.78	-0.42	-0.1	0.53		0.86	-0.58	-0.8	FOOD
PD	-0.86	-0.58	-0.27	0.76	0.86		-0.71	-0.83	PD
MMP-UN	0.67	0.84	0.68	-0.28	-0.58	-0.71		0.76	MMP-UN
ESK	0.86	0.58	0.43	-0.56	-0.8	-0.83	0.76		ESK
	MFI	MKO	MARI	IPO	FOOD	PD	MMP-UN	ESK

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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

ESK	+ 0.86	MFI
PD	+ 0.86	FOOD
MMP-UN	+ 0.84	MKO
PD	+ 0.76	IPO
ESK	+ 0.76	MMP-UN
MARI	+ 0.74	MKO

High negative correlations

PD	- 0.86	MFI
ESK	- 0.83	PD
ESK	- 0.8	FOOD
FOOD	- 0.78	MFI
MMP-UN	- 0.71	PD
IPO	- 0.65	MFI

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
MFI	1.22	0.31	0.30	3.29	0.70	(1.62)	3.39	(1.54)	12.95
MKO	2.23	0.61	0.28	1.66	1.72	(3.25)	5.81	(3.21)	20.54
MARI	1.54	0.18	0.09	1.13	1.74	(1.64)	4.33	(3.27)	9.84
IPO	1.59	0.10	0.03	0.68	2.35	(1.80)	4.07	(4.49)	13.37
FOOD	3.01	(0.38)	0.00	(0.26)	0.00	0.00	6.67	(6.98)	22.82
PD	1.66	(0.25)	0.00	(0.29)	0.00	0.00	3.05	(3.22)	11.63
MMP-UN	1.19	0.24	0.13	2.58	1.24	(1.56)	2.56	(2.50)	7.32
ESK	3.43	0.88	0.15	1.73	2.68	(7.54)	10.00	(5.56)	21.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brookfield Asset 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 Asset Corporate Management

Elected by the shareholders, the Brookfield Asset's board of directors comprises two types of representatives: Brookfield Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brookfield. The board's role is to monitor Brookfield Asset's management team and ensure that shareholders' interests are well served. Brookfield Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Brookfield Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.

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