Brookfield Corp Correlations

BN Stock

57.65 1.21 2.06%

The current 90-days correlation between Brookfield Corp and KKR Co LP is 0.1 (i.e., Average 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

Good diversification

The correlation between Brookfield Corp and DJI is -0.15 (i.e., Good 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

0.61	MA	Mastercard	Pair Corr
0.62	AXP	American Express	Pair Corr
0.7	COF	Capital One Financial	Pair Corr
0.63	DFS	Discover Financial	Pair Corr
0.69	IVZ	Invesco Plc	Pair Corr
0.71	NMFC	New Mountain Finance	Pair Corr
0.68	NTRS	Northern Trust	Pair Corr
0.91	ALLY	Ally Financial	Pair Corr
0.71	TCPC	BlackRock TCP Capital Earnings Call Tomorrow	Pair Corr
0.64	TPVG	Triplepoint Venture Earnings Call This Week	Pair Corr
0.73	BK	Bank of New York	Pair Corr

Related Correlations Analysis

	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN
KKR		0.75	0.66	0.61	0.7	0.18	0.24	0.67	0.73	0.37	KKR
BX	0.75		0.84	0.75	0.49	0.19	-0.15	0.66	0.39	0.65	BX
TROW	0.66	0.84		0.78	0.21	-0.03	-0.38	0.73	0.16	0.74	TROW
APO	0.61	0.75	0.78		0.38	0.24	-0.01	0.77	0.36	0.52	APO
CG	0.7	0.49	0.21	0.38		0.6	0.68	0.29	0.76	0.12	CG
BAM	0.18	0.19	-0.03	0.24	0.6		0.55	0.22	0.47	0.32	BAM
ARES	0.24	-0.15	-0.38	-0.01	0.68	0.55		-0.06	0.67	-0.31	ARES
BLK	0.67	0.66	0.73	0.77	0.29	0.22	-0.06		0.48	0.52	BLK
OWL	0.73	0.39	0.16	0.36	0.76	0.47	0.67	0.48		0.12	OWL
BEN	0.37	0.65	0.74	0.52	0.12	0.32	-0.31	0.52	0.12		BEN
	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN

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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

TROW	+ 0.84	BX
APO	+ 0.78	TROW
BLK	+ 0.77	APO
OWL	+ 0.76	CG
BX	+ 0.75	KKR
APO	+ 0.75	BX

High negative correlations

ARES	- 0.38	TROW
BEN	- 0.31	ARES
ARES	- 0.15	BX
BLK	- 0.06	ARES
BAM	- 0.03	TROW
ARES	- 0.01	APO

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KKR	1.69	(0.18)	0.00	(0.14)	0.00	0.00	3.61	(3.70)	13.29
BX	1.52	(0.18)	0.00	(3.48)	0.00	0.00	2.60	(3.37)	11.08
TROW	0.91	(0.15)	0.00	(0.21)	0.00	0.00	1.69	(2.05)	6.99
APO	1.47	(0.12)	0.00	1.65	0.00	0.00	2.93	(3.93)	9.30
CG	1.51	(0.01)	0.00	(0.47)	2.13	(1.47)	3.03	(3.68)	10.04
BAM	1.40	0.08	0.04	(0.18)	2.09	(1.45)	3.18	(2.87)	10.20
ARES	1.38	0.06	0.03	1.18	2.14	(1.23)	2.41	(3.72)	8.71
BLK	1.03	(0.13)	0.00	(0.14)	0.00	0.00	1.80	(2.76)	10.93
OWL	1.74	(0.02)	0.00	(0.03)	0.00	0.00	3.65	(4.20)	11.59
BEN	1.36	(0.06)	0.00	(0.09)	0.00	0.00	2.21	(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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