Brookfield Asset Correlations

BKAMF Stock

USD 14.33 0.00 0.00%

The current 90-days correlation between Brookfield Asset Man and Loblaw Companies Limited is -0.09 (i.e., Good diversification). The correlation of Brookfield Asset 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 Asset Correlation With Market

Good diversification

The correlation between Brookfield Asset Management and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Asset Management and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brookfield Asset 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 Asset 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 Asset - 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 Asset Management to buy it.

Moving together with Brookfield Pink Sheet

0.68	ULTA	Ulta Beauty	Pair Corr
0.72	GSVRF	Guanajuato Silver	Pair Corr
0.91	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.67	AVTBF	Avant Brands	Pair Corr
0.84	NOEM	CO2 Energy Transition	Pair Corr
0.86	ASTI	Ascent Solar Technol Tech Boost	Pair Corr

Moving against Brookfield Pink Sheet

0.42	BULL	Webull Corp	Pair Corr
0.36	FSTF	First State Financial	Pair Corr
0.74	12532HAF1	GIBACN 23 14	Pair Corr
0.58	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	MTRAF	LBLCF	JSAIY	CCHBF	CRRFY	KKOYY	BDWBY	JSNSF	CRERF	WHGLY
MTRAF		0.96	-0.19	0.83	0.43	0.07	-0.27	-0.28	0.23	0.68	MTRAF
LBLCF	0.96		-0.09	0.82	0.44	0.18	-0.25	-0.25	0.24	0.62	LBLCF
JSAIY	-0.19	-0.09		-0.12	0.15	0.49	0.1	0.37	0.08	-0.17	JSAIY
CCHBF	0.83	0.82	-0.12		0.5	0.15	-0.23	-0.08	0.41	0.6	CCHBF
CRRFY	0.43	0.44	0.15	0.5		0.55	-0.19	0.23	0.76	0.57	CRRFY
KKOYY	0.07	0.18	0.49	0.15	0.55		-0.02	0.26	0.51	-0.15	KKOYY
BDWBY	-0.27	-0.25	0.1	-0.23	-0.19	-0.02		0.1	-0.28	-0.25	BDWBY
JSNSF	-0.28	-0.25	0.37	-0.08	0.23	0.26	0.1		0.2	-0.1	JSNSF
CRERF	0.23	0.24	0.08	0.41	0.76	0.51	-0.28	0.2		0.39	CRERF
WHGLY	0.68	0.62	-0.17	0.6	0.57	-0.15	-0.25	-0.1	0.39		WHGLY
	MTRAF	LBLCF	JSAIY	CCHBF	CRRFY	KKOYY	BDWBY	JSNSF	CRERF	WHGLY

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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

LBLCF	+ 0.96	MTRAF
CCHBF	+ 0.83	MTRAF
CCHBF	+ 0.82	LBLCF
CRERF	+ 0.76	CRRFY
WHGLY	+ 0.68	MTRAF
WHGLY	+ 0.62	LBLCF

High negative correlations

CRERF	- 0.28	BDWBY
JSNSF	- 0.28	MTRAF
BDWBY	- 0.27	MTRAF
WHGLY	- 0.25	BDWBY
JSNSF	- 0.25	LBLCF
BDWBY	- 0.25	LBLCF

Risk-Adjusted Indicators

There is a big difference between Brookfield Pink Sheet performing well and Brookfield Asset 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 Asset'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
MTRAF	0.58	0.10	0.02	1.11	0.69	(0.85)	1.69	(1.63)	5.77
LBLCF	0.99	0.23	0.11	(3.86)	0.98	(1.09)	2.41	(1.66)	6.23
JSAIY	1.00	0.04	(0.01)	0.21	1.10	(1.01)	2.01	(1.88)	8.49
CCHBF	0.53	0.15	0.00	0.97	0.00	0.00	3.20	0.00	11.95
CRRFY	0.84	0.10	0.04	0.38	0.91	(1.05)	1.63	(1.92)	4.98
KKOYY	0.71	0.09	0.01	(0.56)	0.82	(0.79)	1.39	(1.43)	5.51
BDWBY	1.52	(0.07)	0.00	(0.89)	0.00	0.00	3.53	(5.15)	11.07
JSNSF	2.48	0.07	0.02	0.12	3.58	(4.79)	7.09	(7.11)	22.62
CRERF	1.24	0.31	0.10	0.63	0.97	(3.59)	4.56	(2.90)	8.56
WHGLY	1.34	0.10	0.04	0.21	1.64	(1.35)	3.11	(3.00)	7.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brookfield Asset 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.

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