Brookfield Global Correlations

BGLYX Fund

USD 13.70 0.07 0.51%

The current 90-days correlation between Brookfield Global Listed and The Hartford Municipal is -0.03 (i.e., 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

Good diversification

The correlation between Brookfield Global Listed and DJI is -0.11 (i.e., Good 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 manufacturing.

Moving together with Brookfield Mutual Fund

0.64	BGLCX	Brookfield Global Listed	Pair Corr
0.83	BGLAX	Brookfield Global Listed	Pair Corr
0.75	GRSIX	Chn Strs Insti	Pair Corr
0.74	GLIFX	Lazard Global Listed	Pair Corr
0.68	VCRCX	Mainstay Cbre Global	Pair Corr
0.82	VCRAX	Voya Cbre Global	Pair Corr
0.68	VCRIX	Voya Cbre Global	Pair Corr
0.74	TOLIX	Deutsche Global Infr	Pair Corr
0.72	PMPSX	Precious Metals Ultr	Pair Corr
0.62	GLPSX	Goldman Sachs Mlp	Pair Corr
0.71	SIEYX	International Equity	Pair Corr
0.68	FCEEX	Franklin Fund Allocator	Pair Corr
0.63	PYGFX	Payden Global Fixed	Pair Corr
0.61	HIPCX	The Hartford Inflation	Pair Corr
0.71	GLOIX	Gamco Global Opportunity	Pair Corr
0.64	MPIBX	Bny Mellon Intermediate	Pair Corr
0.66	GSRUX	Goldman Sachs Inflation	Pair Corr
0.76	TNURX	1290 Unconstrained Bond	Pair Corr

Related Correlations Analysis

	HHMYX	FMUUX	RGVAX	SNCAX	FCSCX	PATFX	MSTPX
HHMYX		0.85	0.82	0.97	0.79	0.98	0.91	HHMYX
FMUUX	0.85		0.89	0.77	0.94	0.75	0.75	FMUUX
RGVAX	0.82	0.89		0.81	0.94	0.75	0.69	RGVAX
SNCAX	0.97	0.77	0.81		0.72	0.98	0.91	SNCAX
FCSCX	0.79	0.94	0.94	0.72		0.68	0.63	FCSCX
PATFX	0.98	0.75	0.75	0.98	0.68		0.92	PATFX
MSTPX	0.91	0.75	0.69	0.91	0.63	0.92		MSTPX
	HHMYX	FMUUX	RGVAX	SNCAX	FCSCX	PATFX	MSTPX

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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
HHMYX	0.13	(0.01)	(0.04)	(0.43)	0.18	(0.19)	0.36	(0.36)	0.84
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
RGVAX	0.25	0.02	0.04	0.75	0.25	(0.31)	0.60	(0.50)	1.56
SNCAX	0.12	(0.01)	(0.06)	(0.49)	0.17	(0.15)	0.29	(0.29)	0.73
FCSCX	0.06	0.01	0.05	0.76	0.00	(0.18)	0.13	(0.13)	0.66
PATFX	0.19	(0.02)	0.00	(0.87)	0.00	0.00	0.36	(0.45)	1.26
MSTPX	0.14	(0.01)	0.00	0.56	0.00	0.00	0.20	(0.30)	0.91

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Brookfield Global Correlations

Brookfield Global Correlation With Market

Good diversification

Moving together with Brookfield Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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