Brookfield Global Correlations
| BGLYX Fund | USD 13.56 0.17 1.27% |
The current 90-days correlation between Brookfield Global Listed and Deutsche Gold Precious is -0.04 (i.e., Good 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 0.27 (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.
Brookfield |
Moving together with Brookfield Mutual Fund
| 0.7 | GLIFX | Lazard Global Listed | PairCorr |
| 0.71 | GLFOX | Lazard Global Listed | PairCorr |
| 0.89 | VCRCX | Mainstay Cbre Global | PairCorr |
| 0.85 | TOLSX | Deutsche Global Infr | PairCorr |
| 0.85 | TOLZX | Deutsche Global Infr | PairCorr |
| 0.89 | VCRAX | Voya Cbre Global | PairCorr |
| 0.89 | VCRIX | Voya Cbre Global | PairCorr |
| 0.85 | TOLLX | Deutsche Global Infr | PairCorr |
| 0.85 | TOLIX | Deutsche Global Infr | PairCorr |
| 0.74 | HPQ | HP Inc | PairCorr |
| 0.81 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.71 | VZ | Verizon Communications | PairCorr |
| 0.7 | CVX | Chevron Corp Earnings Call Today | PairCorr |
| 0.89 | AA | Alcoa Corp | PairCorr |
Moving against Brookfield Mutual Fund
| 0.47 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.47 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.47 | PQTIX | Aa Pimco Tr | PairCorr |
| 0.45 | GPMFX | Guidepath Managed Futures | PairCorr |
| 0.72 | BA | Boeing | PairCorr |
| 0.4 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGDIX | 1.31 | (0.15) | 0.00 | (0.98) | 0.00 | 2.35 | 7.56 | |||
| GLRIX | 0.39 | (0.03) | 0.00 | (0.04) | 0.00 | 0.63 | 3.21 | |||
| IOGYX | 1.32 | (0.13) | 0.00 | (0.26) | 0.00 | 2.61 | 8.99 | |||
| MXKJX | 0.95 | 0.02 | (0.02) | 0.20 | 2.42 | 1.42 | 26.05 | |||
| GLRBX | 0.39 | (0.02) | 0.00 | (0.25) | 0.00 | 0.63 | 3.20 | |||
| SPPIX | 1.47 | 0.11 | (0.01) | (0.24) | 1.95 | 3.21 | 10.57 | |||
| FRGOX | 1.32 | (0.14) | 0.00 | (0.35) | 0.00 | 2.59 | 8.02 | |||
| GLDAX | 1.27 | (0.16) | 0.00 | (0.97) | 0.00 | 2.57 | 8.37 |