Brookfield Global Correlations

BLRYX Fund

USD 11.13 0.05 0.45%

The current 90-days correlation between Brookfield Global Listed and Brookfield Global Listed is 1.0 (i.e., No risk reduction). 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 0.57 (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 manufacturing.

Moving together with Brookfield Mutual Fund

0.7	BGLCX	Brookfield Global Listed	Pair Corr
0.7	BGLAX	Brookfield Global Listed	Pair Corr
0.7	BGLYX	Brookfield Global Listed	Pair Corr
1.0	BLRCX	Brookfield Global Listed	Pair Corr
1.0	BLRAX	Brookfield Global Listed	Pair Corr
0.94	DFGEX	Dfa Global Real	Pair Corr
0.83	VGRNX	Vanguard Global Ex	Pair Corr
0.78	DFITX	Dfa International Real	Pair Corr
0.83	VGRLX	Vanguard Global Ex	Pair Corr
0.98	PGRKX	Global Real Estate	Pair Corr
0.98	PGRUX	Global Real Estate	Pair Corr
0.91	MGLAX	Mfs Global Real	Pair Corr
0.92	MGLIX	Mfs Global Real	Pair Corr
0.68	VTISX	Vanguard Total Inter	Pair Corr
0.69	VTSNX	Vanguard Total Inter	Pair Corr
0.68	VTPSX	Vanguard Total Inter	Pair Corr
0.84	RWDIX	Redwood Managed Vola	Pair Corr
0.62	SFGCX	Guggenheim World Equity	Pair Corr
0.64	GSRUX	Goldman Sachs Inflation	Pair Corr
0.72	PCMFX	California Municipal	Pair Corr
0.81	PYGFX	Payden Global Fixed	Pair Corr
0.63	TNURX	1290 Unconstrained Bond	Pair Corr

Related Correlations Analysis

	BLRCX	BLRAX	BLRYX	GRSIX	BGLCX	BGLAX	BGLYX	CCCCX	CCCAX
BLRCX		1.0	1.0	0.49	0.68	0.68	0.68	0.32	0.32	BLRCX
BLRAX	1.0		1.0	0.52	0.7	0.71	0.7	0.33	0.34	BLRAX
BLRYX	1.0	1.0		0.52	0.7	0.7	0.7	0.33	0.33	BLRYX
GRSIX	0.49	0.52	0.52		0.88	0.9	0.9	0.33	0.34	GRSIX
BGLCX	0.68	0.7	0.7	0.88		1.0	1.0	0.53	0.54	BGLCX
BGLAX	0.68	0.71	0.7	0.9	1.0		1.0	0.52	0.54	BGLAX
BGLYX	0.68	0.7	0.7	0.9	1.0	1.0		0.53	0.54	BGLYX
CCCCX	0.32	0.33	0.33	0.33	0.53	0.52	0.53		1.0	CCCCX
CCCAX	0.32	0.34	0.33	0.34	0.54	0.54	0.54	1.0		CCCAX
	BLRCX	BLRAX	BLRYX	GRSIX	BGLCX	BGLAX	BGLYX	CCCCX	CCCAX

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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
BLRCX	0.79	(0.03)	0.00	(0.04)	0.00	0.00	1.39	(1.52)	4.31
BLRAX	0.77	(0.03)	0.00	(0.04)	0.00	0.00	1.38	(1.43)	4.21
BLRYX	0.77	(0.03)	0.00	(0.04)	0.00	0.00	1.36	(1.43)	4.21
GRSIX	0.60	0.05	0.06	0.11	0.77	(0.70)	1.47	(1.52)	3.49
BGLCX	0.58	0.02	0.03	0.05	0.76	(0.70)	1.32	(1.42)	3.76
BGLAX	0.56	0.03	0.03	0.06	0.74	(0.68)	1.38	(1.40)	3.87
BGLYX	0.57	0.03	0.03	0.06	0.77	(0.65)	1.38	(1.48)	3.87
CCCCX	1.13	0.13	0.09	0.19	1.41	(1.21)	2.07	(1.95)	7.06
CCCAX	1.13	0.14	0.09	0.19	1.41	(1.21)	1.99	(2.12)	7.14

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Brookfield Global Correlations

Brookfield Global Correlation With Market

Very weak diversification

Moving together with Brookfield Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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