Brookfield Business Correlations

BBUC Stock

USD 27.26 0.70 2.64%

The current 90-days correlation between Brookfield Business Corp and Brightsphere Investment Group is 0.43 (i.e., Very weak 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.

Brookfield Business Correlation With Market

Very weak diversification

The correlation between Brookfield Business Corp and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Corp 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 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Brookfield Stock

0.67	DHIL	Diamond Hill Investment	Pair Corr
0.69	DIST	Distoken Acquisition	Pair Corr
0.62	AB	AllianceBernstein	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.75	BX	Blackstone Group Normal Trading	Pair Corr
0.81	CG	Carlyle Group	Pair Corr
0.73	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.62	LC	LendingClub Corp	Pair Corr
0.75	LX	Lexinfintech Holdings	Pair Corr
0.78	MA	Mastercard	Pair Corr
0.81	MC	Moelis	Pair Corr
0.76	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.77	PX	P10 Inc	Pair Corr
0.72	QD	Qudian Inc	Pair Corr
0.82	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.78	TW	Tradeweb Markets	Pair Corr
0.69	WT	WisdomTree	Pair Corr
0.8	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.66	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.64	DYCQ	DT Cloud Acquisition	Pair Corr
0.72	VRTS	Virtus Investment	Pair Corr

Moving against Brookfield Stock

0.61	PT	Pintec Technology	Pair Corr
0.64	XP	Xp Inc	Pair Corr
0.44	WU	Western Union	Pair Corr
0.82	BRACU	Broad Capital Acquisition	Pair Corr
0.61	PFTAU	Portage Fintech Acqu	Pair Corr
0.54	BRKHW	BurTech Acquisition Corp	Pair Corr
0.49	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	ASXSF	KTF	MVT	MFV	MHD	DTF	JHS	CXH	CBH	BSIG
ASXSF		0.18	0.42	-0.49	0.51	-0.11	0.31	0.29	-0.14	-0.43	ASXSF
KTF	0.18		0.26	-0.21	0.43	0.64	0.21	0.74	0.52	0.43	KTF
MVT	0.42	0.26		-0.38	0.91	0.04	0.57	0.65	-0.56	-0.56	MVT
MFV	-0.49	-0.21	-0.38		-0.51	0.14	-0.46	-0.38	-0.03	0.18	MFV
MHD	0.51	0.43	0.91	-0.51		0.09	0.66	0.7	-0.38	-0.46	MHD
DTF	-0.11	0.64	0.04	0.14	0.09		-0.1	0.39	0.47	0.57	DTF
JHS	0.31	0.21	0.57	-0.46	0.66	-0.1		0.38	-0.34	-0.42	JHS
CXH	0.29	0.74	0.65	-0.38	0.7	0.39	0.38		0.06	-0.01	CXH
CBH	-0.14	0.52	-0.56	-0.03	-0.38	0.47	-0.34	0.06		0.88	CBH
BSIG	-0.43	0.43	-0.56	0.18	-0.46	0.57	-0.42	-0.01	0.88		BSIG
	ASXSF	KTF	MVT	MFV	MHD	DTF	JHS	CXH	CBH	BSIG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MHD	+ 0.91	MVT
BSIG	+ 0.88	CBH
CXH	+ 0.74	KTF
CXH	+ 0.7	MHD
JHS	+ 0.66	MHD
CXH	+ 0.65	MVT

High negative correlations

BSIG	- 0.56	MVT
CBH	- 0.56	MVT
MHD	- 0.51	MFV
MFV	- 0.49	ASXSF
BSIG	- 0.46	MHD
JHS	- 0.46	MFV

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
ASXSF	3.14	0.26	0.00	(0.08)	4.81	(8.08)	9.09	(12.00)	32.50
KTF	0.44	0.05	(0.12)	(1.30)	0.48	(0.53)	1.12	(0.61)	3.40
MVT	0.46	(0.01)	0.00	0.71	0.00	0.00	1.02	(1.09)	2.79
MFV	0.68	(0.04)	0.00	(0.20)	0.00	0.00	1.95	(1.21)	4.79
MHD	0.47	0.00	(0.15)	0.22	0.72	(0.44)	0.88	(1.14)	3.11
DTF	0.22	0.01	(0.36)	(1.12)	0.23	(0.27)	0.54	(0.36)	1.96
JHS	0.31	0.00	(0.21)	0.09	0.38	(0.35)	0.78	(0.61)	3.04
CXH	0.32	0.03	(0.20)	(0.09)	0.42	(0.34)	0.62	(0.74)	2.10
CBH	0.13	0.03	(0.40)	0.96	0.00	(0.18)	0.22	(0.22)	0.78
BSIG	1.42	0.20	0.16	0.22	1.29	(1.54)	3.12	(3.01)	9.55

Brookfield Business Corporate Management

CPA CPA	Chief Officer	Profile
Amanda Marshall	Managing Tax	Profile
Arin JD	MD Counsel	Profile
Anuj Ranjan	Chief Officer	Profile
Alan Fleming	Managing Relations	Profile
PEng MBA	Managing Inc	Profile

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

2024 Macroaxis LLC