Brookfield Global Correlations

BLRYX Fund

USD 11.35 0.15 1.34%

The current 90-days correlation between Brookfield Global Listed and Goldman Sachs Technology is 0.09 (i.e., Significant 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

Average diversification

The correlation between Brookfield Global Listed and DJI is 0.19 (i.e., Average 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Global Listed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Brookfield Mutual Fund

0.85	DFGEX	Dfa Global Real	Pair Corr
0.74	VGRNX	Vanguard Global Ex	Pair Corr
0.74	DFITX	Dfa International Real	Pair Corr
0.74	VGRLX	Vanguard Global Ex	Pair Corr
0.84	PGRKX	Global Real Estate	Pair Corr
0.84	PGRUX	Global Real Estate	Pair Corr
0.67	PGRVX	Global Real Estate	Pair Corr
0.84	MGLAX	Mfs Global Real	Pair Corr
0.84	MGLIX	Mfs Global Real	Pair Corr
0.84	TRV	The Travelers Companies	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.73	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.82	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.63	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr

Moving against Brookfield Mutual Fund

0.54

COGVX

Cognios Large Cap

Pair Corr

Related Correlations Analysis

	GISTX	ROGSX	ITYYX	TOWTX	PGKCX	TEFQX
GISTX		0.67	0.51	0.66	0.83	0.92	GISTX
ROGSX	0.67		0.54	0.67	0.81	0.68	ROGSX
ITYYX	0.51	0.54		0.41	0.67	0.47	ITYYX
TOWTX	0.66	0.67	0.41		0.58	0.67	TOWTX
PGKCX	0.83	0.81	0.67	0.58		0.77	PGKCX
TEFQX	0.92	0.68	0.47	0.67	0.77		TEFQX
	GISTX	ROGSX	ITYYX	TOWTX	PGKCX	TEFQX

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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
GISTX	1.12	0.09	0.02	0.34	1.62	(1.10)	2.26	(2.89)	7.34
ROGSX	1.06	0.00	(0.03)	0.08	1.72	(1.01)	1.70	(3.18)	8.31
ITYYX	1.39	(0.07)	(0.03)	0.00	2.67	(1.22)	2.50	(2.91)	12.95
TOWTX	0.65	0.03	(0.03)	0.21	1.06	(0.68)	1.27	(1.69)	5.74
PGKCX	1.25	(0.01)	(0.03)	0.07	2.00	(1.16)	2.27	(2.67)	9.62
TEFQX	1.36	0.11	0.04	0.28	1.81	(1.42)	2.95	(3.10)	8.29

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