Brookfield Asset Correlations

BAM Stock

USD 56.90 1.67 2.85%

The current 90-days correlation between Brookfield Asset Man and KKR Co LP is 0.07 (i.e., Significant 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

Good diversification

The correlation between Brookfield Asset Management and DJI is -0.17 (i.e., Good 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Asset Management. 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

0.69	MA	Mastercard	Pair Corr
0.77	COF	Capital One Financial	Pair Corr
0.71	DFS	Discover Financial	Pair Corr
0.7	IVZ	Invesco Plc	Pair Corr
0.71	NMFC	New Mountain Finance	Pair Corr
0.71	NTRS	Northern Trust	Pair Corr
0.81	ALLY	Ally Financial	Pair Corr
0.72	TCPC	BlackRock TCP Capital Earnings Call Tomorrow	Pair Corr
0.61	C	Citigroup	Pair Corr
0.78	BK	Bank of New York	Pair Corr
0.86	BN	Brookfield Corp	Pair Corr

Related Correlations Analysis

	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC
KKR		0.75	0.61	0.66	0.7	0.24	0.67	0.37	-0.21	-0.01	KKR
BX	0.75		0.75	0.84	0.49	-0.15	0.66	0.65	-0.62	-0.4	BX
APO	0.61	0.75		0.78	0.38	-0.01	0.77	0.52	-0.45	-0.38	APO
TROW	0.66	0.84	0.78		0.21	-0.38	0.73	0.74	-0.74	-0.59	TROW
CG	0.7	0.49	0.38	0.21		0.68	0.29	0.12	0.31	0.53	CG
ARES	0.24	-0.15	-0.01	-0.38	0.68		-0.06	-0.31	0.8	0.87	ARES
BLK	0.67	0.66	0.77	0.73	0.29	-0.06		0.52	-0.44	-0.33	BLK
BEN	0.37	0.65	0.52	0.74	0.12	-0.31	0.52		-0.55	-0.36	BEN
MAIN	-0.21	-0.62	-0.45	-0.74	0.31	0.8	-0.44	-0.55		0.92	MAIN
ARCC	-0.01	-0.4	-0.38	-0.59	0.53	0.87	-0.33	-0.36	0.92		ARCC
	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC

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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

ARCC	+ 0.92	MAIN
ARCC	+ 0.87	ARES
TROW	+ 0.84	BX
MAIN	+ 0.8	ARES
TROW	+ 0.78	APO
BLK	+ 0.77	APO

High negative correlations

MAIN	- 0.74	TROW
MAIN	- 0.62	BX
ARCC	- 0.59	TROW
MAIN	- 0.55	BEN
MAIN	- 0.45	APO
MAIN	- 0.44	BLK

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
KKR	1.69	(0.18)	0.00	(0.14)	0.00	0.00	3.61	(3.70)	13.29
BX	1.52	(0.18)	0.00	(3.48)	0.00	0.00	2.60	(3.37)	11.08
APO	1.47	(0.12)	0.00	1.65	0.00	0.00	2.93	(3.93)	9.30
TROW	0.91	(0.15)	0.00	(0.21)	0.00	0.00	1.69	(2.05)	6.99
CG	1.51	(0.01)	0.00	(0.47)	2.13	(1.47)	3.03	(3.68)	10.04
ARES	1.38	0.06	0.03	1.18	2.14	(1.23)	2.41	(3.72)	8.71
BLK	1.03	(0.13)	0.00	(0.14)	0.00	0.00	1.80	(2.76)	10.93
BEN	1.36	(0.06)	0.00	(0.09)	0.00	0.00	2.21	(2.55)	17.21
MAIN	0.68	0.25	0.26	1.09	0.53	(0.73)	1.58	(1.13)	3.43
ARCC	0.62	0.14	0.15	0.53	0.74	(0.66)	1.18	(1.53)	4.48

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