Brookfield Business Correlations

BBU Stock

USD 21.55 0.23 1.06%

The current 90-days correlation between Brookfield Business and Compass Diversified is 0.21 (i.e., Modest diversification). The correlation of Brookfield Business 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.

Brookfield Business Correlation With Market

Weak diversification

The correlation between Brookfield Business Partners and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Partners 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 Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Brookfield Stock

0.61	WPRT	Westport Fuel Systems	Pair Corr
0.65	GFF	Griffon	Pair Corr
0.65	MLR	Miller Industries	Pair Corr
0.63	MPU	Mega Matrix Corp	Pair Corr
0.71	VMI	Valmont Industries	Pair Corr
0.65	WAB	Westinghouse Air Brake	Pair Corr
0.74	HYLN	Hyliion Holdings Corp	Pair Corr

Moving against Brookfield Stock

0.42	SLDPW	Solid Power	Pair Corr
0.48	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.46	SLDP	Solid Power	Pair Corr
0.34	B	Barnes Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SPLP-PA	CODI-PA	MATW	TRC	SPLP	GFF	CODI	VRTV	MDU	CODI-PC
SPLP-PA		-0.24	0.83	-0.54	0.43	0.59	0.55	0.66	0.69	-0.22	SPLP-PA
CODI-PA	-0.24		-0.34	0.34	-0.41	-0.6	-0.78	0.09	-0.62	0.88	CODI-PA
MATW	0.83	-0.34		-0.49	0.5	0.74	0.61	0.59	0.8	-0.38	MATW
TRC	-0.54	0.34	-0.49		-0.27	-0.28	-0.25	-0.4	-0.3	0.36	TRC
SPLP	0.43	-0.41	0.5	-0.27		0.46	0.42	0.43	0.47	-0.36	SPLP
GFF	0.59	-0.6	0.74	-0.28	0.46		0.78	0.18	0.94	-0.58	GFF
CODI	0.55	-0.78	0.61	-0.25	0.42	0.78		0.05	0.84	-0.69	CODI
VRTV	0.66	0.09	0.59	-0.4	0.43	0.18	0.05		0.21	0.01	VRTV
MDU	0.69	-0.62	0.8	-0.3	0.47	0.94	0.84	0.21		-0.54	MDU
CODI-PC	-0.22	0.88	-0.38	0.36	-0.36	-0.58	-0.69	0.01	-0.54		CODI-PC
	SPLP-PA	CODI-PA	MATW	TRC	SPLP	GFF	CODI	VRTV	MDU	CODI-PC

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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

MDU	+ 0.94	GFF
CODI-PC	+ 0.88	CODI-PA
MDU	+ 0.84	CODI
MATW	+ 0.83	SPLP-PA
MDU	+ 0.8	MATW
CODI	+ 0.78	GFF

High negative correlations

CODI	- 0.78	CODI-PA
CODI-PC	- 0.69	CODI
MDU	- 0.62	CODI-PA
GFF	- 0.6	CODI-PA
CODI-PC	- 0.58	GFF
CODI-PC	- 0.54	MDU

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Business 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 Business' 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
SPLP-PA	0.14	0.02	0.09	(1.30)	0.04	(0.18)	0.38	(0.29)	1.48
CODI-PA	0.63	0.07	0.11	0.71	0.60	(0.83)	1.72	(1.18)	3.77
MATW	2.13	0.61	0.32	0.44	1.58	(3.00)	5.82	(3.12)	26.99
TRC	1.45	(0.03)	0.00	(0.06)	0.00	0.00	3.17	(3.67)	14.35
SPLP	1.99	0.09	0.02	(0.23)	3.29	(2.95)	6.00	(3.70)	29.23
GFF	1.73	0.20	0.10	0.24	1.82	(1.98)	2.88	(3.57)	22.89
CODI	1.31	0.07	0.04	0.09	1.61	(1.38)	2.75	(2.54)	11.39
VRTV	1.91	0.13	0.05	4.12	2.42	(1.84)	3.88	(4.01)	10.84
MDU	1.43	0.26	0.13	0.23	1.62	(1.59)	3.33	(2.38)	11.74
CODI-PC	0.49	0.03	0.05	0.22	0.56	(0.61)	1.19	(1.27)	5.16

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