Brookfield Infrastructure Correlations
| BIP-PB Preferred Stock | USD 18.35 0.39 2.17% |
The current 90-days correlation between Brookfield Infrastructure and Brookfield Infrastructure Partners is 0.55 (i.e., Very weak diversification). The correlation of Brookfield Infrastructure 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 Infrastructure Correlation With Market
Very weak diversification
The correlation between Brookfield Infrastructure Part and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure Part and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Brookfield Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Infrastructure when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Infrastructure - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Infrastructure Partners to buy it.
Moving together with Brookfield Preferred Stock
| 0.83 | ELPC | Companhia Paranaense | PairCorr |
| 0.8 | AES | AES | PairCorr |
| 0.77 | BIP | Brookfield Infrastructure | PairCorr |
| 0.86 | ELP | Companhia Paranaense | PairCorr |
| 0.72 | UTL | UNITIL | PairCorr |
| 0.93 | BIP-PA | Brookfield Infrastructure | PairCorr |
| 0.74 | MNTK | Montauk Renewables | PairCorr |
| 0.78 | D | Dominion Energy | PairCorr |
| 0.87 | ED | Consolidated Edison | PairCorr |
| 0.81 | ES | Eversource Energy | PairCorr |
| 0.85 | FE | FirstEnergy | PairCorr |
| 0.85 | SO | Southern | PairCorr |
| 0.88 | DUKB | Duke Energy Corp | PairCorr |
| 0.85 | CMS-PB | Consumers Energy | PairCorr |
| 0.86 | CMS-PC | CMS Energy | PairCorr |
| 0.76 | WTRG | Essential Utilities | PairCorr |
| 0.71 | AEP | American Electric Power | PairCorr |
| 0.83 | AQN | Algonquin Power Utilities | PairCorr |
| 0.82 | AWK | American Water Works | PairCorr |
Moving against Brookfield Preferred Stock
| 0.86 | AY | Atlantica Sustainable | PairCorr |
| 0.84 | ELLO | Ellomay Capital | PairCorr |
| 0.83 | CDZIP | Cadiz Depositary Shares | PairCorr |
| 0.71 | ALE | Allete Inc | PairCorr |
| 0.68 | ENLT | Enlight Renewable Energy | PairCorr |
| 0.53 | NI | NiSource | PairCorr |
| 0.53 | ENIC | Enel Chile SA | PairCorr |
| 0.4 | SR | Spire Inc | PairCorr |
| 0.85 | KEN | Kenon Holdings | PairCorr |
| 0.74 | EDN | Empresa Distribuidora | PairCorr |
| 0.73 | GEV | GE Vernova LLC | PairCorr |
| 0.72 | ETR | Entergy | PairCorr |
| 0.65 | ADN | Advent Technologies Trending | PairCorr |
| 0.65 | CNP | CenterPoint Energy | PairCorr |
| 0.63 | AGR | Avangrid | PairCorr |
Related Correlations Analysis
| 0.89 | 0.65 | 0.91 | 0.87 | BIP-PA | ||
| 0.89 | 0.65 | 0.91 | 0.89 | BEP-PA | ||
| 0.65 | 0.65 | 0.73 | 0.71 | DUK-PA | ||
| 0.91 | 0.91 | 0.73 | 0.88 | BPYPN | ||
| 0.87 | 0.89 | 0.71 | 0.88 | CMS-PC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Brookfield Preferred Stock performing well and Brookfield Infrastructure 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 Infrastructure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIP-PA | 1.00 | (0.21) | 0.00 | (0.28) | 0.00 | 2.56 | 7.56 | |||
| BEP-PA | 1.18 | (0.17) | 0.00 | (0.33) | 0.00 | 2.49 | 8.08 | |||
| DUK-PA | 0.41 | (0.02) | 0.00 | (0.13) | 0.00 | 0.73 | 3.35 | |||
| BPYPN | 1.06 | (0.17) | 0.00 | (0.35) | 0.00 | 2.10 | 6.34 | |||
| CMS-PC | 0.78 | (0.17) | 0.00 | (0.52) | 0.00 | 1.74 | 4.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brookfield Infrastructure without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Brookfield Infrastructure Corporate Management
| Michael Ryan | Managing Limited | Profile | |
| Samuel Pollock | Managing Limited | Profile | |
| David CPA | CFO Infrastructure | Profile | |
| CFA CFA | Managing Infrastructure | Profile | |
| Michael Botha | Managing Limited | Profile | |
| Brian Baker | Managing Infrastructure | Profile | |
| Carlos Castro | Managing Limited | Profile |