Brookfield Asset Correlations

BAM Stock

USD 51.98 0.38 0.73%

The current 90-days correlation between Brookfield Asset Man and Brookfield Corp is 0.88 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Asset Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookfield Asset Correlation With Market

Average diversification

The correlation between Brookfield Asset Management and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Asset Management and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookfield Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Asset Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Brookfield Stock

0.63	MFIC	MidCap Financial Inv	Pair Corr
0.69	NMFC	New Mountain Finance	Pair Corr
0.72	BCSF	Bain Capital Specialty	Pair Corr
0.78	AXP	American Express	Pair Corr

Moving against Brookfield Stock

0.37	PWI	Sustainable Power	Pair Corr
0.59	KO	Coca Cola Earnings Call This Week	Pair Corr
0.45	T	ATT Inc Aggressive Push	Pair Corr
0.41	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	BN	KKR	APO	BK	MCO	MMC	COIN	BMO	MFG	ICE
BN		0.38	0.5	0.6	0.46	-0.16	-0.06	0.41	0.36	0.47	BN
KKR	0.38		0.84	-0.02	0.59	-0.3	0.58	-0.33	-0.43	0.02	KKR
APO	0.5	0.84		0.4	0.57	-0.41	0.12	0.12	-0.02	0.34	APO
BK	0.6	-0.02	0.4		0.23	-0.26	-0.66	0.91	0.88	0.82	BK
MCO	0.46	0.59	0.57	0.23		-0.13	0.2	0.0	-0.08	0.53	MCO
MMC	-0.16	-0.3	-0.41	-0.26	-0.13		0.3	-0.17	-0.17	-0.29	MMC
COIN	-0.06	0.58	0.12	-0.66	0.2	0.3		-0.83	-0.85	-0.6	COIN
BMO	0.41	-0.33	0.12	0.91	0.0	-0.17	-0.83		0.96	0.76	BMO
MFG	0.36	-0.43	-0.02	0.88	-0.08	-0.17	-0.85	0.96		0.72	MFG
ICE	0.47	0.02	0.34	0.82	0.53	-0.29	-0.6	0.76	0.72		ICE
	BN	KKR	APO	BK	MCO	MMC	COIN	BMO	MFG	ICE

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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

MFG	+ 0.96	BMO
BMO	+ 0.91	BK
MFG	+ 0.88	BK
APO	+ 0.84	KKR
ICE	+ 0.82	BK
ICE	+ 0.76	BMO

High negative correlations

MFG	- 0.85	COIN
BMO	- 0.83	COIN
COIN	- 0.66	BK
ICE	- 0.6	COIN
MFG	- 0.43	KKR
MMC	- 0.41	APO

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Asset 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 Asset'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
BN	1.35	(0.11)	(0.02)	0.03	2.32	(1.20)	2.34	(4.15)	9.05
KKR	1.78	(0.36)	0.00	(0.08)	0.00	0.00	4.06	(4.78)	14.09
APO	1.52	(0.16)	(0.04)	0.00	2.39	(1.44)	3.61	(4.42)	10.25
BK	1.06	0.09	0.06	0.20	1.21	(1.15)	2.18	(2.13)	5.56
MCO	1.14	(0.30)	0.00	(0.29)	0.00	0.00	1.45	(2.32)	14.49
MMC	0.94	(0.22)	0.00	(0.41)	0.00	0.00	1.97	(1.64)	9.33
COIN	2.85	(1.16)	0.00	(0.36)	0.00	0.00	5.19	(6.86)	21.12
BMO	0.99	0.16	0.12	0.26	1.04	(1.08)	2.12	(1.62)	6.14
MFG	1.29	0.52	0.29	0.53	1.14	(1.48)	3.35	(2.77)	7.66
ICE	1.14	(0.02)	(0.02)	0.07	2.18	(1.00)	2.09	(2.46)	9.59

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