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.
Brookfield |
Moving together with Brookfield Stock
0.75 | NI | NiSource | PairCorr |
0.83 | ATO | Atmos Energy | PairCorr |
0.73 | BKH | Black Hills | PairCorr |
0.74 | CPK | Chesapeake Utilities | PairCorr |
0.68 | NJR | NewJersey Resources | PairCorr |
0.62 | NWN | Northwest Natural Gas | PairCorr |
0.9 | OGS | One Gas | PairCorr |
0.73 | SWX | Southwest Gas Holdings | PairCorr |
0.75 | SR-PA | Spire Inc | PairCorr |
0.62 | D | Dominion Energy | PairCorr |
0.72 | AY | Atlantica Sustainable | PairCorr |
0.73 | EVRG | Evergy, | PairCorr |
Moving against Brookfield Stock
0.69 | NFE | New Fortress Energy | PairCorr |
0.6 | ELPC | Companhia Paranaense | PairCorr |
0.59 | HE | Hawaiian Electric | PairCorr |
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
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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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 Ryan | General Counsel, Managing Director, Corporate Secretary | Profile | |
Samuel Pollock | Chief Officer | Profile | |
John CFA | Vice Infrastructure | Profile | |
Claire Holland | VP Communications | Profile | |
Daniel Quintanilla | Independent Director | Profile | |
John Mullen | Independent Director | Profile | |
William Cox | Independent Director | Profile |