Brookfield Global Correlations

BLRCX Fund  USD 11.08  0.05  0.45%   
The current 90-days correlation between Brookfield Global Listed and Blackrock Government Bond is 0.25 (i.e., Modest 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

Poor diversification

The correlation between Brookfield Global Listed and DJI is 0.65 (i.e., Poor 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 main economic indicators.

Moving together with Brookfield Mutual Fund

  0.65BGLCX Brookfield Global ListedPairCorr
  0.65BGLAX Brookfield Global ListedPairCorr
  1.0BLRAX Brookfield Global ListedPairCorr
  1.0BLRYX Brookfield Global ListedPairCorr
  0.92DFGEX Dfa Global RealPairCorr
  0.79VGRNX Vanguard Global ExPairCorr
  0.73DFITX Dfa International RealPairCorr
  0.76VGRLX Vanguard Global ExPairCorr
  0.98PGRKX Global Real EstatePairCorr
  0.97PGRUX Global Real EstatePairCorr
  0.89MGLAX Mfs Global RealPairCorr
  0.93MGLIX Mfs Global RealPairCorr
  0.61VTISX Vanguard Total InterPairCorr
  0.61VTSNX Vanguard Total InterPairCorr
  0.61VTPSX Vanguard Total InterPairCorr
  0.76RWDIX Redwood Managed VolaPairCorr
  0.87SFGCX Guggenheim World EquityPairCorr
  0.68PCMFX California MunicipalPairCorr
  0.8PYGFX Payden Global FixedPairCorr

Related Correlations Analysis

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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.