Brookfield Asset Correlations

BAM Stock

USD 50.62 1.12 2.16%

The current 90-days correlation between Brookfield Asset Man and KKR Co LP is 0.75 (i.e., Poor 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

Poor diversification

The correlation between Brookfield Asset Management and DJI is 0.63 (i.e., Poor 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

0.82	ECPG	Encore Capital Group	Pair Corr
0.89	AXP	American Express	Pair Corr
0.7	CNF	CNFinance Holdings	Pair Corr
0.92	COF	Capital One Financial	Pair Corr
0.92	DFS	Discover Financial	Pair Corr
0.78	SYF	Synchrony Financial	Pair Corr
0.68	PFSI	PennyMac Finl Svcs	Pair Corr
0.82	ALLY	Ally Financial Normal Trading	Pair Corr
0.76	APAM	Artisan Partners Asset	Pair Corr
0.82	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.8	UPST	Upstart Holdings	Pair Corr
0.82	C	Citigroup Aggressive Push	Pair Corr
0.7	AX	Axos Financial	Pair Corr
0.96	BN	Brookfield Corp	Pair Corr
0.77	BX	Blackstone Group	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.87	CG	Carlyle Group Normal Trading	Pair Corr
0.77	CM	Canadian Imperial Bank	Pair Corr

Moving against Brookfield Stock

0.72	RENEW	Cartesian Growth	Pair Corr
0.67	CB	Chubb	Pair Corr
0.62	HG	Hamilton Insurance Group,	Pair Corr
0.49	DB	Deutsche Bank AG	Pair Corr
0.44	LU	Lufax Holding	Pair Corr
0.33	EG	Everest Group	Pair Corr
0.31	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC
KKR		0.88	0.77	0.94	0.92	0.95	0.86	0.33	0.54	0.48	KKR
BX	0.88		0.95	0.8	0.95	0.84	0.82	0.32	0.51	0.45	BX
APO	0.77	0.95		0.69	0.88	0.74	0.8	0.37	0.44	0.36	APO
TROW	0.94	0.8	0.69		0.84	0.92	0.82	0.34	0.48	0.39	TROW
CG	0.92	0.95	0.88	0.84		0.92	0.8	0.37	0.66	0.6	CG
ARES	0.95	0.84	0.74	0.92	0.92		0.79	0.41	0.69	0.6	ARES
BLK	0.86	0.82	0.8	0.82	0.8	0.79		0.53	0.45	0.39	BLK
BEN	0.33	0.32	0.37	0.34	0.37	0.41	0.53		0.62	0.53	BEN
MAIN	0.54	0.51	0.44	0.48	0.66	0.69	0.45	0.62		0.9	MAIN
ARCC	0.48	0.45	0.36	0.39	0.6	0.6	0.39	0.53	0.9		ARCC
	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC

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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	2.15	(0.36)	0.00	(0.19)	0.00	0.00	3.64	(5.61)	13.96
BX	1.67	(0.21)	0.00	(0.12)	0.00	0.00	2.72	(4.10)	8.36
APO	1.77	(0.20)	0.00	(0.12)	0.00	0.00	3.46	(4.07)	8.29
TROW	1.17	(0.33)	0.00	(0.30)	0.00	0.00	1.92	(3.14)	6.12
CG	2.00	(0.05)	0.00	(0.03)	0.00	0.00	3.25	(3.81)	10.93
ARES	1.82	(0.25)	0.00	(0.14)	0.00	0.00	2.70	(3.99)	11.83
BLK	1.17	(0.12)	0.00	(0.10)	0.00	0.00	3.14	(3.09)	10.93
BEN	1.34	0.01	0.01	0.01	1.64	(1.60)	2.59	(2.05)	17.21
MAIN	1.07	0.04	0.03	0.05	1.31	(1.07)	2.09	(1.96)	6.72
ARCC	0.83	0.06	0.05	0.10	1.07	(0.85)	1.53	(1.94)	5.67

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