Brookfield Asset Correlations

BAM Stock

USD 55.56 0.56 1.02%

The current 90-days correlation between Brookfield Asset Man and T Rowe Price is 0.55 (i.e., Very weak 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

Very weak diversification

The correlation between Brookfield Asset Management and DJI is 0.52 (i.e., Very weak 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.

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

0.85	AC	Associated Capital	Pair Corr
0.8	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.73	MC	Moelis Potential Growth	Pair Corr
0.91	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.96	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	TW	Tradeweb Markets Normal Trading	Pair Corr
0.71	VIRT	Virtu Financial Normal Trading	Pair Corr
0.72	WAVS	Western Acquisition	Pair Corr
0.94	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.88	EVR	Evercore Partners	Pair Corr
0.94	FRHC	Freedom Holding Corp	Pair Corr
0.63	IPXXU	Inflection Point Acq	Pair Corr
0.89	LRFC	Logan Ridge Finance	Pair Corr
0.64	PNNT	PennantPark Investment	Pair Corr
0.89	RMCO	Royalty Management	Pair Corr
0.9	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.94	SEIC	SEI Investments	Pair Corr
0.92	STEP	Stepstone Group	Pair Corr
0.77	SVII	Spring Valley Acquisition	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.79	V	Visa Class A	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.96	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.94	BN	Brookfield Corp	Pair Corr
0.97	BX	Blackstone Group Normal Trading	Pair Corr

Moving against Brookfield Stock

0.73	XP	Xp Inc	Pair Corr
0.71	GROW	US Global Investors	Pair Corr
0.62	PT	Pintec Technology	Pair Corr
0.79	RAND	Rand Capital Corp	Pair Corr
0.36	PPYAU	Papaya Growth Opportunity	Pair Corr
0.84	IX	Orix Corp Ads	Pair Corr
0.65	HG	Hamilton Insurance Group,	Pair Corr
0.53	EG	Everest Group	Pair Corr

Related Correlations Analysis

	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC
KKR		0.96	0.98	0.93	0.94	0.94	0.96	0.76	0.93	0.88	KKR
BX	0.96		0.93	0.91	0.9	0.91	0.93	0.74	0.91	0.84	BX
APO	0.98	0.93		0.91	0.96	0.93	0.97	0.72	0.95	0.92	APO
TROW	0.93	0.91	0.91		0.88	0.86	0.89	0.86	0.85	0.82	TROW
CG	0.94	0.9	0.96	0.88		0.97	0.95	0.69	0.95	0.94	CG
ARES	0.94	0.91	0.93	0.86	0.97		0.94	0.68	0.94	0.93	ARES
BLK	0.96	0.93	0.97	0.89	0.95	0.94		0.68	0.94	0.91	BLK
BEN	0.76	0.74	0.72	0.86	0.69	0.68	0.68		0.67	0.64	BEN
MAIN	0.93	0.91	0.95	0.85	0.95	0.94	0.94	0.67		0.95	MAIN
ARCC	0.88	0.84	0.92	0.82	0.94	0.93	0.91	0.64	0.95		ARCC
	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC

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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
KKR	1.27	0.22	0.24	0.20	0.95	(1.59)	2.94	(1.76)	11.31
BX	1.23	0.39	0.32	0.35	0.74	(1.43)	3.21	(1.88)	8.48
APO	1.52	0.45	0.40	0.32	0.89	(2.05)	3.46	(2.19)	12.00
TROW	1.08	0.02	0.04	0.10	1.19	(1.17)	2.14	(2.04)	7.96
CG	1.54	0.21	0.18	0.19	1.34	(1.85)	4.10	(2.22)	13.11
ARES	1.27	0.16	0.12	0.21	1.28	(1.46)	2.98	(2.55)	7.35
BLK	0.83	0.20	0.18	0.34	0.65	(0.87)	2.03	(1.63)	5.71
BEN	1.46	(0.12)	0.00	(0.03)	0.00	0.00	2.77	(2.18)	12.52
MAIN	0.54	0.10	0.08	0.30	0.45	(0.66)	1.12	(1.28)	3.02
ARCC	0.52	0.05	0.02	0.18	0.47	(0.57)	0.94	(0.96)	3.08

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