Brookfield Asset Correlations

BAM Stock

USD 57.16 0.28 0.49%

The current 90-days correlation between Brookfield Asset Man and T Rowe Price is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Asset Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brookfield Asset Correlation With Market

Very weak diversification

The correlation between Brookfield Asset Management and DJI is 0.48 (i.e., Very weak 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.

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

Moving together with Brookfield Stock

0.79	V	Visa Class A	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.93	MA	Mastercard	Pair Corr
0.85	DYCQ	DT Cloud Acquisition	Pair Corr
0.73	EMCG	Embrace Change Acqui	Pair Corr
0.69	WAVS	Western Acquisition	Pair Corr
0.85	ESHA	ESH Acquisition Corp	Pair Corr
0.87	EVGR	Evergreen Corp	Pair Corr
0.66	DISTR	Distoken Acquisition	Pair Corr
0.76	ANSCW	Agriculture Natural	Pair Corr
0.68	GDSTU	Goldenstone Acquisition	Pair Corr
0.93	WAVSU	Western Acquisition	Pair Corr

Moving against Brookfield Stock

0.76	BRACU	Broad Capital Acquisition	Pair Corr
0.69	RC	Ready Capital Corp	Pair Corr
0.52	PFTAU	Portage Fintech Acqu	Pair Corr
0.42	EARN	Ellington Residential	Pair Corr
0.39	PFTAW	Portage Fintech Acqu	Pair Corr
0.34	EMCGU	Embrace Change Acqui	Pair Corr
0.32	EMCGR	Embrace Change Acqui	Pair Corr
0.31	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.86	BRKHU	BurTech Acquisition Corp	Pair Corr
0.44	BRKHW	BurTech Acquisition Corp	Pair Corr
0.4	DISTW	Distoken Acquisition	Pair Corr
0.88	TWO	Two Harbors Investments	Pair Corr
0.8	TGAAU	Target Global Acquisition	Pair Corr

Related Correlations Analysis

	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC
KKR		0.97	0.98	0.97	0.93	0.93	0.93	0.94	0.94	0.9	KKR
BX	0.97		0.94	0.96	0.9	0.91	0.89	0.94	0.92	0.86	BX
APO	0.98	0.94		0.95	0.95	0.93	0.95	0.9	0.95	0.93	APO
TROW	0.97	0.96	0.95		0.9	0.9	0.91	0.96	0.92	0.87	TROW
CG	0.93	0.9	0.95	0.9		0.97	0.96	0.83	0.91	0.94	CG
ARES	0.93	0.91	0.93	0.9	0.97		0.93	0.85	0.92	0.94	ARES
BLK	0.93	0.89	0.95	0.91	0.96	0.93		0.84	0.88	0.91	BLK
BEN	0.94	0.94	0.9	0.96	0.83	0.85	0.84		0.89	0.82	BEN
MAIN	0.94	0.92	0.95	0.92	0.91	0.92	0.88	0.89		0.95	MAIN
ARCC	0.9	0.86	0.93	0.87	0.94	0.94	0.91	0.82	0.95		ARCC
	KKR	BX	APO	TROW	CG	ARES	BLK	BEN	MAIN	ARCC

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Risk-Adjusted Indicators

There is a big difference between Brookfield Stock 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
KKR	1.31	0.20	0.25	0.23	0.96	(1.62)	3.05	(1.76)	11.31
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
APO	1.54	0.43	0.40	0.35	0.89	(2.04)	4.26	(2.19)	12.83
TROW	1.11	0.05	0.08	0.17	1.10	(1.19)	2.24	(2.04)	7.96
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
ARES	1.28	0.15	0.11	0.24	1.34	(1.37)	2.98	(2.55)	7.35
BLK	0.84	0.12	0.09	0.30	0.72	(0.89)	2.01	(1.63)	5.71
BEN	1.18	0.10	0.08	0.22	1.27	(1.23)	2.77	(2.10)	6.27
MAIN	0.54	0.16	0.15	0.48	0.27	(0.69)	1.49	(1.28)	3.02
ARCC	0.52	0.04	(0.03)	0.21	0.44	(0.59)	1.10	(0.96)	3.08

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