Brookfield Global Correlations

BLRCX Fund

USD 11.83 0.05 0.42%

The current 90-days correlation between Brookfield Global Listed and Dunham Porategovernment Bond is 0.59 (i.e., Very weak 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

Modest diversification

The correlation between Brookfield Global Listed and DJI is 0.23 (i.e., Modest 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 main economic indicators.

Moving together with Brookfield Mutual Fund

1.0	BLRAX	Brookfield Global Listed	Pair Corr
1.0	BLRYX	Brookfield Global Listed	Pair Corr
0.94	GRSIX	Chn Strs Insti	Pair Corr
0.99	DFGEX	Dfa Global Real	Pair Corr
0.81	VGRNX	Vanguard Global Ex	Pair Corr
0.9	DFITX	Dfa International Real	Pair Corr
0.81	VGRLX	Vanguard Global Ex	Pair Corr
0.99	PGRKX	Global Real Estate	Pair Corr
0.99	PGRUX	Global Real Estate	Pair Corr
0.8	PGRVX	Global Real Estate	Pair Corr
0.99	MGLAX	Mfs Global Real	Pair Corr
0.99	MGLIX	Mfs Global Real	Pair Corr

Moving against Brookfield Mutual Fund

0.65	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.59	CCCCX	Center St Mlp	Pair Corr
0.59	CCCAX	Center St Mlp	Pair Corr
0.59	CCCNX	Center St Mlp	Pair Corr
0.65	KSCOX	Kinetics Small Cap	Pair Corr
0.65	KMKCX	Kinetics Market Oppo	Pair Corr
0.65	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.65	KSCYX	Kinetics Small Cap	Pair Corr
0.65	KSOCX	Kinetics Small Cap	Pair Corr
0.65	LETRX	Voya Russia Fund	Pair Corr
0.65	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	KINCX	Kinetics Internet	Pair Corr
0.6	PFSZX	Prudential Financial	Pair Corr
0.48	AQGIX	Aqr Global Equity	Pair Corr
0.47	VCSLX	Small Cap Index	Pair Corr
0.44	DCDGX	Dunham Small Cap	Pair Corr
0.41	LSSNX	Loomis Sayles Small	Pair Corr
0.4	HFMRX	Hartford Midcap	Pair Corr

Related Correlations Analysis

	DACGX	TWACX	USGFX	UIGSX	LCCXX	PGIQX	FHNFX
DACGX		0.95	0.99	0.99	0.0	0.99	0.99	DACGX
TWACX	0.95		0.96	0.96	0.0	0.95	0.95	TWACX
USGFX	0.99	0.96		1.0	0.0	0.99	0.99	USGFX
UIGSX	0.99	0.96	1.0		0.0	1.0	0.99	UIGSX
LCCXX	0.0	0.0	0.0	0.0		0.0	0.0	LCCXX
PGIQX	0.99	0.95	0.99	1.0	0.0		1.0	PGIQX
FHNFX	0.99	0.95	0.99	0.99	0.0	1.0		FHNFX
	DACGX	TWACX	USGFX	UIGSX	LCCXX	PGIQX	FHNFX

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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

UIGSX	+ 1.0	USGFX
PGIQX	+ 1.0	UIGSX
FHNFX	+ 1.0	PGIQX
USGFX	+ 0.99	DACGX
UIGSX	+ 0.99	DACGX
PGIQX	+ 0.99	DACGX

High negative correlations

FHNFX	- 0.0	LCCXX
PGIQX	- 0.0	LCCXX
LCCXX	- 0.0	UIGSX
LCCXX	- 0.0	USGFX
LCCXX	- 0.0	TWACX
LCCXX	- 0.0	DACGX

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
DACGX	0.20	(0.01)	0.00	0.31	0.00	0.00	0.39	(0.48)	1.03
TWACX	0.08	(0.01)	(0.86)	0.43	0.10	(0.14)	0.11	(0.11)	0.78
USGFX	0.23	(0.02)	0.00	0.41	0.00	0.00	0.34	(0.42)	1.48
UIGSX	0.18	(0.01)	0.00	0.31	0.00	0.00	0.34	(0.45)	1.03
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PGIQX	0.24	(0.01)	0.00	0.26	0.00	0.00	0.50	(0.64)	1.41
FHNFX	0.24	(0.01)	0.00	0.19	0.00	0.00	0.54	(0.54)	1.63

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