Brookfield Real Correlations

RA Fund  USD 13.15  0.02  0.15%   
The current 90-days correlation between Brookfield Real Assets and Cornerstone Strategic Return is 0.31 (i.e., Weak diversification). The correlation of Brookfield Real 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.

Brookfield Real Correlation With Market

Weak diversification

The correlation between Brookfield Real Assets and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Real Assets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Brookfield Real Assets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Brookfield Fund

  0.63NEA Nuveen Amt FreePairCorr
  0.72DNP Dnp Select IncomePairCorr
  0.64NAD Nuveen Dividend AdvantagePairCorr
  0.66NVG Nuveen Amt FreePairCorr
  0.74UTF Cohen And SteersPairCorr
  0.74NZF Nuveen Municipal CreditPairCorr
  0.65NAC Nuveen CaliforniaPairCorr
  0.88PTY Pimco Corporate IncomePairCorr
  0.83DBIWX Dws Global MacroPairCorr
  0.86HWACX Hotchkis Wiley ValuePairCorr
  0.75PGLSX Global Multi StrategyPairCorr
  0.66SGDLX Sprott Gold EquityPairCorr
  0.81HTD John Hancock TaxPairCorr

Related Correlations Analysis

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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   
CRFCLM
OPPPDI
GOFPDI
PDOPDI
OPPPDO
OPPGOF
  
High negative correlations   
GOFCRF
OPPCRF
CRFPDI
GOFCLM
OPPCLM
CLMPDI

Risk-Adjusted Indicators

There is a big difference between Brookfield Fund performing well and Brookfield Real 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 Real'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PDI  0.34  0.13  0.30  0.58  0.31 
 0.82 
 2.07 
PTY  0.21  0.02  0.17  0.06  0.35 
 0.42 
 1.82 
CLM  0.93 (0.09) 0.00 (0.20) 0.00 
 1.39 
 9.55 
CRF  1.11 (0.14) 0.00 (0.24) 0.00 
 1.64 
 11.53 
PDO  0.41  0.08  0.19  0.28  0.52 
 0.83 
 3.44 
GOF  0.47  0.09  0.19  0.29  0.58 
 0.97 
 2.89 
UTG  0.95  0.06  0.05  0.03  1.50 
 1.92 
 5.69 
OPP  0.42  0.08  0.23  0.37  0.39 
 0.82 
 2.32 
OXLC  0.78 (0.07) 0.00 (0.23) 0.00 
 1.21 
 7.71 
ECC  0.70 (0.11) 0.00 (0.76) 0.00 
 2.01 
 6.76