Brookfield Corp Correlations

BN Stock

53.75 0.31 0.57%

The current 90-days correlation between Brookfield Corp and KKR Co LP is 0.77 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookfield Corp Correlation With Market

Poor diversification

The correlation between Brookfield Corp and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Corp 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 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Brookfield Stock, please use our How to Invest in Brookfield Corp guide.

Moving together with Brookfield Stock

0.92	MC	Moelis	Pair Corr
0.9	MS	Morgan Stanley	Pair Corr
0.92	AXP	American Express	Pair Corr
0.83	COF	Capital One Financial	Pair Corr
0.61	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.88	ALLY	Ally Financial Normal Trading	Pair Corr
0.86	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.76	UPST	Upstart Holdings	Pair Corr
0.73	C	Citigroup Aggressive Push	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.8	BX	Blackstone Group Normal Trading	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.9	CG	Carlyle Group Normal Trading	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr
0.71	FG	FG Annuities Life	Pair Corr
0.84	GS	Goldman Sachs Group	Pair Corr

Moving against Brookfield Stock

0.68	CB	Chubb	Pair Corr
0.41	FORLU	Four Leaf Acquisition	Pair Corr
0.32	VEL	Velocity Financial Llc	Pair Corr
0.61	HG	Hamilton Insurance Group,	Pair Corr
0.61	TW	Tradeweb Markets Normal Trading	Pair Corr
0.6	VBFC	Village Bank	Pair Corr
0.53	DB	Deutsche Bank AG	Pair Corr
0.5	LU	Lufax Holding Downward Rally	Pair Corr
0.43	WU	Western Union	Pair Corr
0.36	TECTP	Tectonic Financial	Pair Corr
0.34	LX	Lexinfintech Holdings	Pair Corr

Related Correlations Analysis

	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN
KKR		0.95	0.92	0.93	0.95	0.76	0.93	0.85	0.96	0.4	KKR
BX	0.95		0.94	0.96	0.92	0.75	0.86	0.88	0.92	0.49	BX
TROW	0.92	0.94		0.95	0.85	0.68	0.83	0.89	0.87	0.51	TROW
APO	0.93	0.96	0.95		0.86	0.7	0.84	0.9	0.92	0.49	APO
CG	0.95	0.92	0.85	0.86		0.86	0.96	0.74	0.94	0.39	CG
BAM	0.76	0.75	0.68	0.7	0.86		0.85	0.63	0.83	0.58	BAM
ARES	0.93	0.86	0.83	0.84	0.96	0.85		0.71	0.95	0.4	ARES
BLK	0.85	0.88	0.89	0.9	0.74	0.63	0.71		0.83	0.63	BLK
OWL	0.96	0.92	0.87	0.92	0.94	0.83	0.95	0.83		0.5	OWL
BEN	0.4	0.49	0.51	0.49	0.39	0.58	0.4	0.63	0.5		BEN
	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN

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Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Corp 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 Corp'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KKR	2.15	(0.28)	(0.22)	3.63	(5.61)	13.96
BX	1.74	(0.23)	(0.22)	2.72	(4.22)	8.36
TROW	1.17	(0.28)	(0.35)	1.91	(3.64)	6.99
APO	1.78	(0.21)	(0.22)	3.45	(4.09)	8.29
CG	2.07	(0.18)	(0.18)	3.02	(5.42)	10.93
BAM	1.88	(0.12)	(0.15)	2.94	(5.34)	11.24
ARES	1.84	(0.15)	(0.17)	2.70	(5.11)	11.83
BLK	1.18	(0.06)	(0.12)	3.14	(3.09)	10.93
OWL	2.10	(0.09)	(0.13)	3.75	(4.96)	9.33
BEN	1.43	(0.06)	(0.14)	2.59	(2.55)	17.21

Brookfield Corp Corporate Management

James Flatt	CEO Partner	Profile
Samuel Pollock	Chief Infrastructure	Profile
Dominic Dodds	Managing Technology	Profile
Craig Laurie	Managing Solutions	Profile
Justin Beber	CAO Management	Profile
Eduardo Salgado	Managing Infrastructure	Profile

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