Brookfield Wealth Correlations

BNT Stock

54.20 1.06 1.92%

The current 90-days correlation between Brookfield Wealth and Kraft Heinz Co is 0.08 (i.e., Significant diversification). The correlation of Brookfield Wealth 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 Wealth Correlation With Market

Poor diversification

The correlation between Brookfield Wealth Solutions and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Wealth Solutions 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 Wealth Solutions. 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.

Moving together with Brookfield Stock

0.65	RGA	Reinsurance Group	Pair Corr
0.8	OXBR	Oxbridge Re Holdings	Pair Corr
0.85	C	Citigroup Aggressive Push	Pair Corr
0.72	AX	Axos Financial	Pair Corr
0.98	BN	Brookfield Corp	Pair Corr
0.78	BX	Blackstone Group	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.88	CG	Carlyle Group Normal Trading	Pair Corr
0.75	CM	Canadian Imperial Bank	Pair Corr
0.63	FG	FG Annuities Life	Pair Corr
0.9	GS	Goldman Sachs Group	Pair Corr
0.62	KB	KB Financial Group	Pair Corr

Moving against Brookfield Stock

0.57	HG	Hamilton Insurance Group,	Pair Corr
0.45	SPNT-PB	SiriusPoint	Pair Corr
0.34	AHL-PF	Aspen Insurance Holdings	Pair Corr
0.67	CB	Chubb	Pair Corr
0.47	DB	Deutsche Bank AG	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr
0.47	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	BRID	KHC	SKX	DEI	TOWTF	NIPMY	BTNY
BRID		0.03	0.44	0.56	0.0	0.0	0.0	BRID
KHC	0.03		-0.55	-0.19	0.0	0.0	0.0	KHC
SKX	0.44	-0.55		0.66	0.0	0.0	0.0	SKX
DEI	0.56	-0.19	0.66		0.0	0.0	0.0	DEI
TOWTF	0.0	0.0	0.0	0.0		0.0	0.0	TOWTF
NIPMY	0.0	0.0	0.0	0.0	0.0		0.0	NIPMY
BTNY	0.0	0.0	0.0	0.0	0.0	0.0		BTNY
	BRID	KHC	SKX	DEI	TOWTF	NIPMY	BTNY

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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

DEI	+ 0.66	SKX
DEI	+ 0.56	BRID
SKX	+ 0.44	BRID
KHC	+ 0.03	BRID
TOWTF	+ 0.0	BRID
NIPMY	+ 0.0	BRID

High negative correlations

SKX	- 0.55	KHC
DEI	- 0.19	KHC
BTNY	- 0.0	NIPMY
BTNY	- 0.0	TOWTF
NIPMY	- 0.0	TOWTF
BTNY	- 0.0	DEI

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Wealth 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 Wealth'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
BRID	1.22	(0.16)	(0.93)	2.44	(2.52)	7.40
KHC	1.28	(0.03)	(0.09)	2.23	(3.25)	7.69
SKX	1.79	(0.24)	1.98	2.93	(4.10)	18.16
DEI	1.82	(0.16)	(0.11)	3.89	(4.38)	10.12
TOWTF	0.00	0.00	0.00	0.00	0.00	0.00
NIPMY	0.00	0.00	0.00	0.00	0.00	0.00
BTNY	0.00	0.00	0.00	0.00	0.00	0.00

Brookfield Wealth Corporate Management

Anna KnapmanScott	Corporate Secretary	Profile
Paul Forestell	Chief Officer	Profile
Thomas Corbett	Chief Officer	Profile
Gregory McConnie	Chief Ltd	Profile
Lorenzo Lorilla	Chief Officer	Profile

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