Brookfield Infrastructure Correlations

BIPC Stock  USD 44.21  0.79  1.82%   
The current 90-days correlation between Brookfield Infrastructure and NewJersey Resources is 0.52 (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

Poor diversification

The correlation between Brookfield Infrastructure Corp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure 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 Infrastructure 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 american community survey.

Moving together with Brookfield Stock

  0.75NI NiSourcePairCorr
  0.83ATO Atmos EnergyPairCorr
  0.73BKH Black HillsPairCorr
  0.74CPK Chesapeake UtilitiesPairCorr
  0.68NJR NewJersey ResourcesPairCorr
  0.62NWN Northwest Natural GasPairCorr
  0.9OGS One GasPairCorr
  0.73SWX Southwest Gas HoldingsPairCorr
  0.75SR-PA Spire IncPairCorr
  0.62D Dominion EnergyPairCorr
  0.72AY Atlantica SustainablePairCorr
  0.73EVRG Evergy,PairCorr

Moving against Brookfield Stock

  0.69NFE New Fortress EnergyPairCorr
  0.6ELPC Companhia ParanaensePairCorr
  0.59HE Hawaiian ElectricPairCorr

Related Correlations Analysis

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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   
CPKNJR
NIATO
OGSCPK
OGSATO
OGSNJR
NICPK
  
High negative correlations   
OGSUGIC
UGICATO
UGICNI
UGICCPK
UGICNJR
RGCOUGIC

Risk-Adjusted Indicators

There is a big difference between Brookfield 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NJR  0.73  0.06  0.03  0.19  0.63 
 1.59 
 4.00 
ATO  0.63  0.17  0.16  0.56  0.42 
 1.79 
 3.85 
UGI  0.98 (0.05)(0.08) 0.00  1.06 
 2.29 
 4.72 
CPK  1.00  0.11  0.09  0.21  0.97 
 2.09 
 6.25 
SR  0.90  0.05  0.01  0.17  1.16 
 1.95 
 6.47 
NI  0.67  0.22  0.17  2.08  0.55 
 1.54 
 3.98 
NWN  0.94  0.05  0.04  0.13  0.97 
 1.77 
 6.23 
UGIC  1.47 (0.27) 0.00 (1.12) 0.00 
 2.61 
 12.21 
OGS  0.89  0.12  0.12  0.21  0.74 
 1.92 
 7.47 
RGCO  1.93 (0.18)(0.01) 0.02  2.16 
 4.57 
 18.11 

Brookfield Infrastructure Corporate Management

Michael RyanGeneral Counsel, Managing Director, Corporate SecretaryProfile
Samuel PollockChief OfficerProfile
John CFAVice InfrastructureProfile
Claire HollandVP CommunicationsProfile
Daniel QuintanillaIndependent DirectorProfile
John MullenIndependent DirectorProfile
William CoxIndependent DirectorProfile