Brookfield Infrastructure Correlations
| BIP-UN Stock | CAD 49.49 0.28 0.56% |
The current 90-days correlation between Brookfield Infrastructure and Brookfield Renewable Partners is 0.43 (i.e., Very weak diversification). The correlation of Brookfield Infrastructure 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 Infrastructure Correlation With Market
Average diversification
The correlation between Brookfield Infrastructure Part and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure Part and DJI in the same portfolio, assuming nothing else is changed.
Brookfield |
The ability to find closely correlated positions to Brookfield Infrastructure 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 Infrastructure 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 Infrastructure - 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 Infrastructure Partners to buy it.
Moving together with Brookfield Stock
| 0.95 | DGS | Dividend Growth Split | PairCorr |
| 0.94 | DF | Dividend 15 Split | PairCorr |
| 0.77 | ESI | Ensign Energy Services | PairCorr |
| 0.81 | LCS | Brompton Lifeco Split | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Brookfield Stock performing well and Brookfield Infrastructure 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 Infrastructure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEP-UN | 1.54 | 0.09 | 0.01 | 0.34 | 1.76 | 3.33 | 14.66 | |||
| EMA | 0.81 | 0.08 | (0.02) | 0.54 | 1.21 | 1.40 | 7.94 | |||
| FTS | 0.59 | 0.09 | (0.04) | 2.69 | 0.58 | 1.13 | 3.91 | |||
| AQN | 1.08 | (0.07) | 0.00 | (0.06) | 0.00 | 2.09 | 6.20 | |||
| PPL | 0.61 | 0.12 | (0.01) | 17.97 | 0.79 | 1.28 | 4.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brookfield Infrastructure 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Brookfield Infrastructure Corporate Management
Elected by the shareholders, the Brookfield Infrastructure's board of directors comprises two types of representatives: Brookfield Infrastructure 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 Infrastructure's management team and ensure that shareholders' interests are well served. Brookfield Infrastructure's 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 Infrastructure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Samuel CPA | Chief Infrastructure | Profile | |
| Michael Ryan | Managing Limited | Profile | |
| Rene CFA | Managing Infrastructure | Profile | |
| Samuel Pollock | Chief Infrastructure | Profile | |
| CFA CFA | Managing Infrastructure | Profile | |
| Michael Botha | Operating Limited | Profile |