Brookfield Asset Correlations

Summary

BAMGFDelisted Stock

USD 9.66 0.00 0.00%

The correlation of Brookfield Asset 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 Asset Correlation With Market

Good diversification

The correlation between Brookfield Asset Management and DJI is -0.03 (i.e., Good 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.

The ability to find closely correlated positions to Brookfield Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Asset Management to buy it.

Moving together with Brookfield Pink Sheet

0.72	BKRKF	PT Bank Rakyat	Pair Corr
0.62	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Brookfield Pink Sheet

0.72	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.72	ARES	Ares Management LP Normal Trading	Pair Corr
0.7	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.69	APO	Apollo Global Management	Pair Corr
0.66	AMP	Ameriprise Financial Sell-off Trend	Pair Corr
0.49	BX	Blackstone Group Normal Trading	Pair Corr
0.44	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.78	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.7	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.65	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.65	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.62	T	ATT Inc Aggressive Push	Pair Corr
0.61	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.59	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	WMT	Walmart Aggressive Push	Pair Corr
0.44	DIS	Walt Disney Aggressive Push	Pair Corr
0.44	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.42	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	AULRF	NBW	AGFMF	NNY	EEA	NXN	MHF	NMT	FRRPF	FDEU
AULRF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AULRF
NBW	0.0		-0.29	-0.44	-0.19	-0.48	-0.17	-0.34	-0.05	0.56	NBW
AGFMF	0.0	-0.29		-0.42	-0.77	0.23	-0.16	0.9	0.9	0.16	AGFMF
NNY	0.0	-0.44	-0.42		0.8	0.52	0.59	-0.28	-0.67	-0.69	NNY
EEA	0.0	-0.19	-0.77	0.8		0.15	0.32	-0.7	-0.91	-0.62	EEA
NXN	0.0	-0.48	0.23	0.52	0.15		0.65	0.41	-0.03	-0.3	NXN
MHF	0.0	-0.17	-0.16	0.59	0.32	0.65		-0.04	-0.41	-0.16	MHF
NMT	0.0	-0.34	0.9	-0.28	-0.7	0.41	-0.04		0.83	0.14	NMT
FRRPF	0.0	-0.05	0.9	-0.67	-0.91	-0.03	-0.41	0.83		0.39	FRRPF
FDEU	0.0	0.56	0.16	-0.69	-0.62	-0.3	-0.16	0.14	0.39		FDEU
	AULRF	NBW	AGFMF	NNY	EEA	NXN	MHF	NMT	FRRPF	FDEU

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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

NMT	+ 0.9	AGFMF
FRRPF	+ 0.9	AGFMF
FRRPF	+ 0.83	NMT
EEA	+ 0.8	NNY
MHF	+ 0.65	NXN
MHF	+ 0.59	NNY

High negative correlations

FRRPF	- 0.91	EEA
EEA	- 0.77	AGFMF
NMT	- 0.7	EEA
FDEU	- 0.69	NNY
FRRPF	- 0.67	NNY
FDEU	- 0.62	EEA

Risk-Adjusted Indicators

There is a big difference between Brookfield Pink Sheet 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
AULRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBW	0.41	0.02	(0.19)	(0.10)	0.50	(0.44)	0.74	(0.91)	2.53
AGFMF	1.35	0.39	0.16	1.18	1.23	(1.86)	4.03	(2.94)	10.41
NNY	0.26	(0.02)	0.00	(0.25)	0.00	0.00	0.70	(0.59)	1.67
EEA	0.66	(0.14)	0.00	(1.21)	0.00	0.00	1.12	(1.70)	4.08
NXN	0.32	0.01	(0.24)	(0.78)	0.36	(0.40)	0.75	(0.59)	2.08
MHF	0.38	0.00	(0.19)	0.14	0.48	(0.46)	0.87	(0.86)	2.54
NMT	0.39	0.07	(0.08)	(4.03)	0.53	(0.42)	1.03	(0.76)	3.33
FRRPF	1.19	0.32	0.05	9.51	1.64	(2.20)	3.09	(2.65)	14.36
FDEU	0.69	0.08	(0.05)	(1.64)	0.69	(0.76)	1.64	(1.27)	3.56

Brookfield Asset Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Brookfield Asset pink sheet to make a market-neutral strategy. Peer analysis of Brookfield Asset could also be used in its relative valuation, which is a method of valuing Brookfield Asset by comparing valuation metrics with similar companies.

AURELIUS Equity Opportunities Neuberger Berman California AGF Management Limited Nuveen New York European Equity Closed Nuveen New York Western Asset Municipal Nuveen Massachusetts Quality Fiera Capital First Trust Dynamic New Germany Closed Eagle Point Income Western Asset High American Airlines Group Alcoa Corp

Risk & Return

Correlation

Brookfield Asset Corporate Management

CPA CPA	Managing Solutions	Profile
Samuel Pollock	Senior Managing Partner	Profile
Connor Teskey	Managing Transition	Profile
Brian Kingston	Senior Managing Partner	Profile
Pierre McNeil	Managing Equity	Profile
Nicholas CA	Managing Pres	Profile

Still Interested in Brookfield Asset Management?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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