Brookstone Yield Correlations

BAMY Etf

27.90 0.02 0.07%

The current 90-days correlation between Brookstone Yield ETF and Brookstone Opportunities ETF is 0.87 (i.e., Very poor diversification). The correlation of Brookstone Yield 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.

Brookstone Yield Correlation With Market

Poor diversification

The correlation between Brookstone Yield ETF and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookstone Yield ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brookstone Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookstone Yield ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Brookstone Etf

0.69	HF	DGA Core Plus	Pair Corr
0.81	OCIO	ClearShares OCIO ETF	Pair Corr
0.72	CLSM	Cabana Target Leading	Pair Corr
0.83	MSMR	ETF Series Solutions	Pair Corr
0.86	EMCB	WisdomTree Emerging	Pair Corr
0.81	PCY	Invesco Emerging Markets	Pair Corr
0.69	WIP	SPDR FTSE International	Pair Corr
0.77	SGOL	abrdn Physical Gold	Pair Corr
0.87	JNK	SPDR Bloomberg High Sell-off Trend	Pair Corr
0.69	GBUG	Sprott Active Gold	Pair Corr
0.76	USCL	iShares Climate Conscious	Pair Corr
0.79	JADE	JP Morgan Exchange	Pair Corr
0.7	SCJ	iShares MSCI Japan	Pair Corr
0.9	CLOX	Series Portfolios Trust	Pair Corr
0.65	PLTM	GraniteShares Platinum Trending	Pair Corr
0.82	ECOW	Pacer Emerging Markets	Pair Corr
0.97	SLX	VanEck Steel ETF	Pair Corr
0.95	CSD	Invesco SP Spin	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.98	APRT	AllianzIM Large Cap	Pair Corr
0.89	FSST	Fidelity Sustainability	Pair Corr
0.86	ITDJ	iShares Trust	Pair Corr
0.98	CPSU	Calamos SP 500	Pair Corr
0.7	QQQM	Invesco NASDAQ 100	Pair Corr
0.9	TJUL	Innovator Etfs Trust	Pair Corr
0.79	QULL	ETRACS 2x Leveraged	Pair Corr
0.98	ZJAN	Innovator Equity Defined	Pair Corr

Moving against Brookstone Etf

0.61

enCore Energy Corp

Pair Corr

Related Correlations Analysis

	BAMO	APRT	FFLS	TOAK	DIVS	PSCJ	BDGS	PSCQ	NXTE	CGGG
BAMO		0.98	-0.34	0.83	0.49	0.98	0.82	0.95	0.08	0.32	BAMO
APRT	0.98		-0.34	0.86	0.43	0.97	0.77	0.93	-0.01	0.23	APRT
FFLS	-0.34	-0.34		-0.59	-0.23	-0.22	-0.09	-0.1	0.18	0.38	FFLS
TOAK	0.83	0.86	-0.59		0.27	0.76	0.5	0.67	-0.32	-0.19	TOAK
DIVS	0.49	0.43	-0.23	0.27		0.5	0.32	0.51	0.54	0.49	DIVS
PSCJ	0.98	0.97	-0.22	0.76	0.5		0.84	0.98	0.16	0.42	PSCJ
BDGS	0.82	0.77	-0.09	0.5	0.32	0.84		0.88	0.4	0.62	BDGS
PSCQ	0.95	0.93	-0.1	0.67	0.51	0.98	0.88		0.24	0.53	PSCQ
NXTE	0.08	-0.01	0.18	-0.32	0.54	0.16	0.4	0.24		0.83	NXTE
CGGG	0.32	0.23	0.38	-0.19	0.49	0.42	0.62	0.53	0.83		CGGG
	BAMO	APRT	FFLS	TOAK	DIVS	PSCJ	BDGS	PSCQ	NXTE	CGGG

Please upgrade your account to get full access to Macroaxis premium features

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

APRT	+ 0.98	BAMO
PSCJ	+ 0.98	BAMO
PSCQ	+ 0.98	PSCJ
PSCJ	+ 0.97	APRT
PSCQ	+ 0.95	BAMO
PSCQ	+ 0.93	APRT

High negative correlations

TOAK	- 0.59	FFLS
FFLS	- 0.34	APRT
FFLS	- 0.34	BAMO
NXTE	- 0.32	TOAK
DIVS	- 0.23	FFLS
PSCJ	- 0.22	FFLS

Brookstone Yield Constituents Risk-Adjusted Indicators

There is a big difference between Brookstone Etf performing well and Brookstone Yield ETF 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 Brookstone Yield'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
BAMO	0.26	0.01	(0.09)	0.10	0.25	(0.27)	0.54	(0.58)	1.31
APRT	0.18	0.01	(0.15)	0.11	0.15	(0.18)	0.42	(0.34)	1.18
FFLS	0.38	(0.07)	0.00	(0.33)	0.00	0.00	0.70	(1.07)	2.58
TOAK	0.05	0.01	(0.33)	0.47	0.00	(0.07)	0.11	(0.04)	1.34
DIVS	0.51	(0.02)	(0.05)	0.05	0.64	(0.51)	1.02	(0.92)	3.94
PSCJ	0.21	0.00	(0.14)	0.09	0.16	(0.24)	0.48	(0.43)	1.32
BDGS	0.26	0.00	(0.13)	0.07	0.31	(0.26)	0.61	(0.61)	1.77
PSCQ	0.25	0.00	(0.13)	0.06	0.26	(0.28)	0.62	(0.52)	1.49
NXTE	1.21	(0.08)	(0.02)	0.02	1.60	(1.22)	2.50	(2.87)	7.02
CGGG	0.80	(0.07)	(0.04)	0.01	1.36	(0.67)	1.59	(2.12)	4.74

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC