Brookfield Global Correlations

BGLAX Fund

USD 13.70 0.06 0.44%

The current 90-days correlation between Brookfield Global Listed and Brookfield Global Listed is -0.27 (i.e., Very good diversification). The correlation of Brookfield Global 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Brookfield Global Correlation With Market

Very weak diversification

The correlation between Brookfield Global Listed and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Global Listed 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 Global Listed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Brookfield Mutual Fund

1.0	BGLCX	Brookfield Global Listed	Pair Corr
0.83	BGLYX	Brookfield Global Listed	Pair Corr
0.65	BLRCX	Brookfield Global Listed	Pair Corr
0.67	BLRAX	Brookfield Global Listed	Pair Corr
0.67	BLRYX	Brookfield Global Listed	Pair Corr
0.89	GRSIX	Chn Strs Insti	Pair Corr
0.81	GLIFX	Lazard Global Listed	Pair Corr
0.81	GLFOX	Lazard Global Listed	Pair Corr
0.8	VCRCX	Mainstay Cbre Global	Pair Corr
0.72	TOLSX	Deutsche Global Infr	Pair Corr
0.73	TOLZX	Deutsche Global Infr	Pair Corr
0.94	VCRAX	Voya Cbre Global	Pair Corr
0.8	VCRIX	Voya Cbre Global	Pair Corr
0.72	TOLLX	Deutsche Global Infr	Pair Corr
0.88	TOLIX	Deutsche Global Infr	Pair Corr
0.73	UGPIX	Ultrachina Profund	Pair Corr
0.73	UGPSX	Ultrachina Profund	Pair Corr
0.76	PMPIX	Precious Metals Ultr	Pair Corr
0.76	PMPSX	Precious Metals Ultr	Pair Corr
0.72	REGAX	American Funds Emerging	Pair Corr
0.78	SIEYX	International Equity	Pair Corr
0.76	FCEEX	Franklin Fund Allocator	Pair Corr
0.71	PYGFX	Payden Global Fixed	Pair Corr
0.65	HIPCX	The Hartford Inflation	Pair Corr
0.79	GLOIX	Gamco Global Opportunity	Pair Corr
0.7	MPIBX	Bny Mellon Intermediate	Pair Corr
0.63	DFIGX	Dfa Intermediate Gov	Pair Corr
0.64	DPFAX	Deer Park Total	Pair Corr
0.64	DPFNX	Deer Park Total	Pair Corr
0.71	GSRUX	Goldman Sachs Inflation	Pair Corr
0.8	NAWIX	Voya Global Equity	Pair Corr
0.68	TNURX	1290 Unconstrained Bond	Pair Corr

Related Correlations Analysis

	BLRAX	CSUAX	BGLCX	RSRFX	RASAX
BLRAX		0.54	0.67	0.5	0.0	BLRAX
CSUAX	0.54		0.94	0.14	0.0	CSUAX
BGLCX	0.67	0.94		0.4	0.0	BGLCX
RSRFX	0.5	0.14	0.4		0.0	RSRFX
RASAX	0.0	0.0	0.0	0.0		RASAX
	BLRAX	CSUAX	BGLCX	RSRFX	RASAX

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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

BGLCX	+ 0.94	CSUAX
BGLCX	+ 0.67	BLRAX
CSUAX	+ 0.54	BLRAX
RSRFX	+ 0.5	BLRAX
RSRFX	+ 0.4	BGLCX
RSRFX	+ 0.14	CSUAX

High negative correlations

RASAX	- 0.0	RSRFX
RASAX	- 0.0	BGLCX
RASAX	- 0.0	CSUAX
RASAX	- 0.0	BLRAX

Risk-Adjusted Indicators

There is a big difference between Brookfield Mutual Fund performing well and Brookfield Global Mutual Fund 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 Global'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
BLRAX	0.74	0.00	(0.01)	0.02	0.96	(0.74)	1.37	(1.51)	4.14
CSUAX	0.54	0.05	0.07	0.12	0.66	(0.58)	1.16	(1.08)	2.82
BGLCX	0.56	0.03	0.04	0.07	0.67	(0.68)	1.29	(0.83)	3.49
RSRFX	0.85	0.04	0.03	(0.89)	1.27	(0.91)	1.68	(1.71)	7.53
RASAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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