Brookfield Global Correlations

BGLCX Fund

USD 13.36 0.05 0.38%

The current 90-days correlation between Brookfield Global Listed and T Rowe Price is 0.4 (i.e., Very weak diversification). The correlation of Brookfield Global 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 Global Correlation With Market

Very weak diversification

The correlation between Brookfield Global Listed and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Global Listed 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 Global Listed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Brookfield Mutual Fund

1.0	BGLAX	Brookfield Global Listed	Pair Corr
1.0	BGLYX	Brookfield Global Listed	Pair Corr
0.89	BLRCX	Brookfield Global Listed	Pair Corr
0.89	BLRAX	Brookfield Global Listed	Pair Corr
0.89	BLRYX	Brookfield Global Listed	Pair Corr
0.89	GRSIX	Chn Strs Insti	Pair Corr
0.87	GLIFX	Lazard Global Listed	Pair Corr
0.87	GLFOX	Lazard Global Listed	Pair Corr
0.98	VCRCX	Mainstay Cbre Global	Pair Corr
0.95	TOLSX	Deutsche Global Infr	Pair Corr
0.95	TOLZX	Deutsche Global Infr	Pair Corr
0.98	VCRAX	Voya Cbre Global	Pair Corr
0.98	VCRIX	Voya Cbre Global	Pair Corr
0.95	TOLLX	Deutsche Global Infr	Pair Corr
0.95	TOLIX	Deutsche Global Infr	Pair Corr
0.71	GPBFX	Gmo E Plus	Pair Corr
0.61	WARCX	Wells Fargo Advantage	Pair Corr

Moving against Brookfield Mutual Fund

0.63	PQTAX	Pimco Trends Managed	Pair Corr
0.63	PQTIX	Aa Pimco Tr	Pair Corr
0.58	0P0001GXZ7	Oaktree (lux)	Pair Corr
0.57	TSDCX	Touchstone Ultra Short	Pair Corr
0.55	IFRRX	Voya Floating Rate	Pair Corr
0.51	PQTNX	Pimco Trends Managed	Pair Corr
0.5	GPMFX	Guidepath Managed Futures	Pair Corr
0.48	FFRDX	Franklin Floating Rate	Pair Corr
0.47	AMFAX	Asg Managed Futures	Pair Corr
0.34	UASBX	Short Term Bond	Pair Corr

Related Correlations Analysis

	PRNHX	DFVEX	SCYVX	FSBCX	OTPSX	PBXIX
PRNHX		0.95	0.95	0.83	0.43	0.93	PRNHX
DFVEX	0.95		0.95	0.86	0.48	0.96	DFVEX
SCYVX	0.95	0.95		0.88	0.28	0.96	SCYVX
FSBCX	0.83	0.86	0.88		0.43	0.86	FSBCX
OTPSX	0.43	0.48	0.28	0.43		0.32	OTPSX
PBXIX	0.93	0.96	0.96	0.86	0.32		PBXIX
	PRNHX	DFVEX	SCYVX	FSBCX	OTPSX	PBXIX

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Risk-Adjusted Indicators

There is a big difference between Brookfield Mutual Fund performing well and Brookfield Global Mutual Fund 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 Global'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
PRNHX	0.85	0.01	0.00	0.03	1.20	(0.85)	1.69	(1.60)	7.56
DFVEX	0.60	0.01	0.00	0.06	0.79	(0.68)	1.07	(1.06)	7.28
SCYVX	0.91	(0.02)	(0.02)	(0.01)	1.22	(0.97)	1.73	(1.91)	9.85
FSBCX	0.41	(0.03)	0.00	(0.10)	0.00	0.00	0.76	(0.85)	3.14
OTPSX	0.86	0.05	0.03	0.20	1.14	(0.88)	1.69	(1.78)	6.36
PBXIX	0.38	(0.01)	(0.05)	(0.05)	0.54	(0.40)	0.81	(0.80)	3.28

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