Brookfield Property Correlations

BPYPM Preferred Stock

USD 16.76 0.50 2.90%

The current 90-days correlation between Brookfield Property and Brookfield Property Partners is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Property Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookfield Property Correlation With Market

Average diversification

The correlation between Brookfield Property Preferred and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Property Preferred and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brookfield Property 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 Property 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 Property - 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 Property Preferred to buy it.

Moving together with Brookfield Preferred Stock

0.9	DBRG-PJ	DigitalBridge Group	Pair Corr
0.84	DBRG-PH	DigitalBridge Group	Pair Corr
0.9	DBRG-PI	DigitalBridge Group	Pair Corr
0.87	BPYPP	Brookfield Property	Pair Corr
0.92	BPYPO	Brookfield Property	Pair Corr
0.89	BPYPN	Brookfield Property	Pair Corr
0.66	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.8	VNO-PL	Vornado Realty Trust	Pair Corr
0.88	VNO-PM	Vornado Realty Trust	Pair Corr
0.86	VNO-PN	Vornado Realty Trust	Pair Corr
0.89	VNO-PO	Vornado Realty Trust	Pair Corr
0.87	MITT-PA	AG Mortgage Investment	Pair Corr

Moving against Brookfield Preferred Stock

0.4	FR	First Industrial Realty	Pair Corr
0.63	RC	Ready Capital Corp	Pair Corr
0.54	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.48	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.45	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.4	UK	Ucommune International	Pair Corr
0.38	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.37	ECRO	Ecc Cap Corp	Pair Corr

Related Correlations Analysis

	BPYPN	BPYPO	BPYPP	BN	BHFAN
BPYPN		0.98	0.97	0.7	0.74	BPYPN
BPYPO	0.98		0.95	0.77	0.71	BPYPO
BPYPP	0.97	0.95		0.64	0.76	BPYPP
BN	0.7	0.77	0.64		0.19	BN
BHFAN	0.74	0.71	0.76	0.19		BHFAN
	BPYPN	BPYPO	BPYPP	BN	BHFAN

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Risk-Adjusted Indicators

There is a big difference between Brookfield Preferred Stock performing well and Brookfield Property 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 Property'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
BPYPN	1.05	0.17	0.08	1.03	0.69	(1.43)	2.39	(1.40)	10.64
BPYPO	1.18	0.26	0.16	0.60	0.91	(1.42)	2.73	(1.99)	12.05
BPYPP	1.27	0.14	0.06	0.34	1.25	(1.47)	4.03	(2.48)	13.61
BN	1.22	0.13	0.13	0.20	1.21	(1.42)	2.45	(1.92)	6.44
BHFAN	0.72	0.04	(0.06)	0.41	0.99	(0.74)	1.62	(1.88)	4.75

Be your own money manager

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