Brookfield Business Correlations

BBUC Stock

USD 27.93 0.28 1.01%

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

Very weak diversification

The correlation between Brookfield Business Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Corp 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 Business Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Brookfield Stock

0.7	V	Visa Class A	Pair Corr
0.65	COOP	Mr Cooper Group	Pair Corr

Moving against Brookfield Stock

0.71	WD	Walker Dunlop	Pair Corr
0.68	SYF	Synchrony Financial	Pair Corr
0.62	ORGN	Origin Materials	Pair Corr
0.52	ECPG	Encore Capital Group	Pair Corr
0.47	AXP	American Express	Pair Corr
0.8	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.68	BITF	Bitfarms Buyout Trend	Pair Corr
0.56	AX	Axos Financial	Pair Corr
0.53	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.48	CODI	Compass Diversified	Pair Corr
0.44	DHIL	Diamond Hill Investment	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.68	LC	LendingClub Corp	Pair Corr
0.66	BX	Blackstone Group	Pair Corr
0.61	CM	Canadian Imperial Bank	Pair Corr
0.57	CG	Carlyle Group Normal Trading	Pair Corr
0.35	EG	Everest Group	Pair Corr

Related Correlations Analysis

	ASXSF	KTF	MVT	MFV	MHD	DTF	JHS	CXH	CBH	BSIG
ASXSF		0.41	0.4	0.0	0.22	0.37	0.45	0.39	0.0	0.0	ASXSF
KTF	0.41		0.85	0.0	0.82	0.7	0.5	0.84	0.0	0.0	KTF
MVT	0.4	0.85		0.0	0.9	0.87	0.39	0.92	0.0	0.0	MVT
MFV	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MFV
MHD	0.22	0.82	0.9	0.0		0.82	0.23	0.8	0.0	0.0	MHD
DTF	0.37	0.7	0.87	0.0	0.82		0.24	0.87	0.0	0.0	DTF
JHS	0.45	0.5	0.39	0.0	0.23	0.24		0.48	0.0	0.0	JHS
CXH	0.39	0.84	0.92	0.0	0.8	0.87	0.48		0.0	0.0	CXH
CBH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBH
BSIG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BSIG
	ASXSF	KTF	MVT	MFV	MHD	DTF	JHS	CXH	CBH	BSIG

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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

CXH	+ 0.92	MVT
MHD	+ 0.9	MVT
DTF	+ 0.87	MVT
CXH	+ 0.87	DTF
MVT	+ 0.85	KTF
CXH	+ 0.84	KTF

High negative correlations

BSIG	- 0.0	CBH
BSIG	- 0.0	CXH
CBH	- 0.0	CXH
BSIG	- 0.0	JHS
CBH	- 0.0	JHS
BSIG	- 0.0	DTF

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
ASXSF	2.01	0.24	0.03	0.26	2.96	(7.59)	9.52	(4.76)	28.04
KTF	0.36	(0.03)	0.00	(0.37)	0.00	0.00	0.75	(0.95)	2.76
MVT	0.52	0.01	0.06	0.02	0.63	(0.62)	0.95	(1.22)	3.47
MFV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHD	0.50	(0.02)	0.00	(0.20)	0.00	0.00	0.94	(1.03)	2.80
DTF	0.32	0.00	0.07	(0.11)	0.47	(0.32)	0.72	(0.62)	1.72
JHS	0.38	(0.01)	0.00	(0.12)	0.00	0.00	0.64	(0.91)	2.23
CXH	0.38	(0.01)	0.04	(0.10)	0.56	(0.37)	0.76	(1.00)	2.37
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Brookfield Business Corporate Management

Amanda Marshall	Managing Tax	Profile
Arin JD	MD Counsel	Profile
Anuj Ranjan	Chief Officer	Profile
Alan Fleming	Managing Relations	Profile
PEng MBA	Managing Inc	Profile

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