Brookfield Business Correlations
| BBU-UN Stock | CAD 36.28 0.31 0.85% |
The current 90-days correlation between Brookfield Business and Altus Group Limited is 0.23 (i.e., Modest diversification). The correlation of Brookfield Business 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 Business Correlation With Market
Modest diversification
The correlation between Brookfield Business Partners and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Partners and DJI in the same portfolio, assuming nothing else is changed.
Brookfield |
The ability to find closely correlated positions to Brookfield Business 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 Business 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 Business - 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 Business Partners to buy it.
Moving together with Brookfield Stock
| 0.76 | JPM | JPMorgan Chase | PairCorr |
| 0.82 | BOFA | Bank of America | PairCorr |
| 0.66 | RY-PM | Royal Bank Earnings Call Today | PairCorr |
| 0.73 | RY-PS | Royal Bank Earnings Call Today | PairCorr |
| 0.78 | RY | Royal Bank Earnings Call Today | PairCorr |
| 0.7 | RY-PJ | Royal Bank Earnings Call Today | PairCorr |
| 0.71 | TD-PFI | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Brookfield Stock performing well and Brookfield Business 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 Business' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIGI | 1.07 | 0.07 | 0.04 | 0.19 | 1.06 | 2.14 | 8.40 | |||
| AIF | 0.93 | 0.11 | 0.04 | 0.40 | 0.93 | 2.24 | 6.14 | |||
| FSV | 0.74 | 0.13 | 0.07 | 0.61 | 0.56 | 2.37 | 4.59 | |||
| ECN | 1.96 | 0.34 | 0.16 | 0.47 | 1.72 | 3.45 | 27.96 | |||
| WPK | 0.81 | 0.12 | 0.01 | (2.50) | 1.26 | 2.02 | 10.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brookfield Business 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.Did you try this?
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Brookfield Business Corporate Management
Elected by the shareholders, the Brookfield Business' board of directors comprises two types of representatives: Brookfield Business 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 Business' management team and ensure that shareholders' interests are well served. Brookfield Business' 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 Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bruce Flatt | Chief Officer | Profile | |
| PEng MBA | Managing Equity | Profile | |
| Craig Laurie | Managing Reinsurance | Profile | |
| Justin Beber | Chief Partner | Profile | |
| Claire Holland | VP Communications | Profile | |
| Cyrus Madon | Executive Equity | Profile | |
| Niel Thassim | Global Partner | Profile |