Brookfield Global Correlations

BLRYX Fund

USD 11.94 0.04 0.33%

The current 90-days correlation between Brookfield Global Listed and Brookfield Global Listed is 0.6 (i.e., Poor 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 manufacturing.

Moving together with Brookfield Mutual Fund

1.0	BLRCX	Brookfield Global Listed	Pair Corr
1.0	BLRAX	Brookfield Global Listed	Pair Corr
0.88	GRSIX	Chn Strs Insti	Pair Corr
0.99	DFGEX	Dfa Global Real	Pair Corr
0.8	VGRNX	Vanguard Global Ex	Pair Corr
0.9	DFITX	Dfa International Real	Pair Corr
0.73	VGRLX	Vanguard Global Ex	Pair Corr
0.99	PGRKX	Global Real Estate	Pair Corr
0.92	PGRUX	Global Real Estate	Pair Corr
0.79	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

0.63	KMKCX	Kinetics Market Oppo	Pair Corr
0.57	CCCCX	Center St Mlp	Pair Corr
0.57	CCCAX	Center St Mlp	Pair Corr
0.57	CCCNX	Center St Mlp	Pair Corr
0.65	CLM	Cornerstone Strategic	Pair Corr
0.63	KSCYX	Kinetics Small Cap	Pair Corr
0.63	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	LETRX	Voya Russia Fund	Pair Corr
0.63	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.63	KSOCX	Kinetics Small Cap	Pair Corr
0.63	KSCOX	Kinetics Small Cap	Pair Corr
0.63	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.63	KMKNX	Kinetics Market Oppo	Pair Corr
0.61	KINCX	Kinetics Internet	Pair Corr
0.52	AIO	Virtus Allianzgi Art	Pair Corr
0.51	FCNTX	Fidelity Contrafund	Pair Corr
0.43	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.34	VBIAX	Vanguard Balanced Index	Pair Corr

Related Correlations Analysis

	BGLCX	BGLAX	BGLYX	GRSIX	CCCCX	CCCAX
BGLCX		1.0	1.0	0.18	0.64	0.64	BGLCX
BGLAX	1.0		1.0	0.15	0.66	0.66	BGLAX
BGLYX	1.0	1.0		0.13	0.68	0.68	BGLYX
GRSIX	0.18	0.15	0.13		-0.56	-0.56	GRSIX
CCCCX	0.64	0.66	0.68	-0.56		1.0	CCCCX
CCCAX	0.64	0.66	0.68	-0.56	1.0		CCCAX
	BGLCX	BGLAX	BGLYX	GRSIX	CCCCX	CCCAX

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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

BGLAX	+ 1.0	BGLCX
BGLYX	+ 1.0	BGLCX
BGLYX	+ 1.0	BGLAX
CCCAX	+ 1.0	CCCCX
CCCCX	+ 0.68	BGLYX
CCCAX	+ 0.68	BGLYX

High negative correlations

CCCAX	- 0.56	GRSIX
CCCCX	- 0.56	GRSIX

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
BGLCX	0.46	0.05	(0.07)	0.38	0.45	(0.51)	0.87	(1.02)	2.36
BGLAX	0.46	0.06	(0.07)	0.41	0.46	(0.52)	0.86	(1.01)	2.40
BGLYX	0.46	0.06	(0.06)	0.40	0.48	(0.52)	0.86	(1.01)	2.32
GRSIX	0.56	(0.02)	(0.16)	(0.07)	0.77	(0.54)	0.96	(1.13)	3.35
CCCCX	0.68	0.23	0.22	0.60	0.26	(0.84)	1.66	(0.88)	4.55
CCCAX	0.67	0.24	0.22	0.65	0.22	(0.89)	1.79	(1.00)	4.31

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