Brookfield Global Correlations

BGLYX Fund

USD 14.23 0.01 0.07%

The current 90-days correlation between Brookfield Global Listed and Brookfield Global Listed is 0.59 (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

Modest diversification

The correlation between Brookfield Global Listed and DJI is 0.29 (i.e., Modest 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 manufacturing.

Moving together with Brookfield Mutual Fund

1.0	BGLCX	Brookfield Global Listed	Pair Corr
1.0	BGLAX	Brookfield Global Listed	Pair Corr
0.9	VCRCX	Mainstay Cbre Global	Pair Corr
0.96	TOLSX	Deutsche Global Infr	Pair Corr
0.96	TOLZX	Deutsche Global Infr	Pair Corr
0.91	VCRAX	Voya Cbre Global	Pair Corr
0.91	VCRIX	Voya Cbre Global	Pair Corr
0.96	TOLLX	Deutsche Global Infr	Pair Corr
0.89	TOLIX	Deutsche Global Infr	Pair Corr
0.63	VWENX	Vanguard Wellington	Pair Corr
0.68	WBCIX	William Blair Small	Pair Corr
0.75	FSUTX	Utilities Portfolio	Pair Corr

Moving against Brookfield Mutual Fund

0.55	GAAKX	Gmo Alternative Allo	Pair Corr
0.53	GAAGX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	BLRCX	BLRAX	BLRYX	GRSIX	CCCCX	CCCAX	CCCNX
BLRCX		1.0	1.0	0.94	-0.65	-0.65	-0.65	BLRCX
BLRAX	1.0		1.0	0.94	-0.64	-0.64	-0.64	BLRAX
BLRYX	1.0	1.0		0.94	-0.63	-0.63	-0.63	BLRYX
GRSIX	0.94	0.94	0.94		-0.58	-0.58	-0.58	GRSIX
CCCCX	-0.65	-0.64	-0.63	-0.58		1.0	1.0	CCCCX
CCCAX	-0.65	-0.64	-0.63	-0.58	1.0		1.0	CCCAX
CCCNX	-0.65	-0.64	-0.63	-0.58	1.0	1.0		CCCNX
	BLRCX	BLRAX	BLRYX	GRSIX	CCCCX	CCCAX	CCCNX

Click cells to compare fundamentals

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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

BLRAX	+ 1.0	BLRCX
BLRYX	+ 1.0	BLRCX
BLRYX	+ 1.0	BLRAX
CCCAX	+ 1.0	CCCCX
CCCNX	+ 1.0	CCCCX
CCCNX	+ 1.0	CCCAX

High negative correlations

CCCNX	- 0.65	BLRCX
CCCAX	- 0.65	BLRCX
CCCCX	- 0.65	BLRCX
CCCNX	- 0.64	BLRAX
CCCAX	- 0.64	BLRAX
CCCCX	- 0.64	BLRAX

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
BLRCX	0.57	(0.04)	0.00	(0.04)	0.00	0.00	1.12	(1.37)	3.25
BLRAX	0.57	(0.03)	(0.16)	(0.03)	0.73	(0.59)	1.18	(1.28)	3.24
BLRYX	0.57	(0.03)	(0.16)	(0.03)	0.74	(0.59)	1.19	(1.36)	3.23
GRSIX	0.55	(0.03)	0.00	(0.08)	0.00	0.00	0.96	(1.13)	3.35
CCCCX	0.67	0.17	0.14	0.45	0.39	(0.81)	1.36	(0.88)	3.85
CCCAX	0.66	0.18	0.15	0.51	0.34	(0.85)	1.25	(1.00)	3.75
CCCNX	0.67	0.18	0.16	0.51	0.36	(0.83)	1.35	(1.00)	3.70

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