Brooge Holdings Correlations

BROG Stock

USD 1.39 0.02 1.42%

The current 90-days correlation between Brooge Holdings and Dynagas LNG Partners is -0.2 (i.e., Good diversification). The correlation of Brooge Holdings 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.

Brooge Holdings Correlation With Market

Significant diversification

The correlation between Brooge Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brooge Holdings 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 Brooge Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Brooge Stock please use our How to Invest in Brooge Holdings guide.

Moving together with Brooge Stock

0.69	PBA	Pembina Pipeline Corp	Pair Corr
0.61	GLOP-PB	GasLog Partners LP	Pair Corr
0.63	GLNG	Golar LNG Limited	Pair Corr

Moving against Brooge Stock

0.35	FLNG	FLEX LNG Earnings Call Today	Pair Corr
0.34	PAA	Plains All American	Pair Corr
0.53	SMC	Summit Midstream Symbol Change	Pair Corr
0.49	HESM	Hess Midstream Partners	Pair Corr
0.4	PAGP	Plains GP Holdings	Pair Corr
0.34	IMPP	Imperial Petroleum	Pair Corr

Related Correlations Analysis

	TK	TRGP	TNK	DLNG-PB	GLOP	DLNG-PA	MMLP	GEL	SMLP
TK		-0.53	0.84	-0.47	-0.44	-0.33	-0.33	0.55	-0.58	TK
TRGP	-0.53		-0.85	0.79	0.88	0.89	0.72	-0.76	0.72	TRGP
TNK	0.84	-0.85		-0.71	-0.76	-0.67	-0.51	0.86	-0.75	TNK
DLNG-PB	-0.47	0.79	-0.71		0.83	0.8	0.78	-0.69	0.65	DLNG-PB
GLOP	-0.44	0.88	-0.76	0.83		0.79	0.79	-0.72	0.75	GLOP
DLNG-PA	-0.33	0.89	-0.67	0.8	0.79		0.69	-0.68	0.62	DLNG-PA
MMLP	-0.33	0.72	-0.51	0.78	0.79	0.69		-0.47	0.52	MMLP
GEL	0.55	-0.76	0.86	-0.69	-0.72	-0.68	-0.47		-0.67	GEL
SMLP	-0.58	0.72	-0.75	0.65	0.75	0.62	0.52	-0.67		SMLP
	TK	TRGP	TNK	DLNG-PB	GLOP	DLNG-PA	MMLP	GEL	SMLP

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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

DLNG-PA	+ 0.89	TRGP
GLOP	+ 0.88	TRGP
GEL	+ 0.86	TNK
TNK	+ 0.84	TK
GLOP	+ 0.83	DLNG-PB
DLNG-PA	+ 0.8	DLNG-PB

High negative correlations

TNK	- 0.85	TRGP
GLOP	- 0.76	TNK
GEL	- 0.76	TRGP
SMLP	- 0.75	TNK
GEL	- 0.72	GLOP
DLNG-PB	- 0.71	TNK

Risk-Adjusted Indicators

There is a big difference between Brooge Stock performing well and Brooge Holdings 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 Brooge Holdings' 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
TK	1.75	(0.19)	0.00	(0.22)	0.00	0.00	3.23	(3.37)	15.63
TRGP	1.25	0.45	0.21	0.97	1.29	(1.40)	2.39	(2.03)	7.97
TNK	1.46	(0.56)	0.00	(0.59)	0.00	0.00	2.41	(3.77)	11.22
DLNG-PB	0.53	0.07	(0.08)	(0.59)	0.62	(0.58)	0.91	(1.00)	3.96
GLOP	0.16	0.06	(0.36)	(0.85)	0.00	(0.26)	0.35	(0.23)	2.28
DLNG-PA	0.33	0.02	(0.19)	0.36	0.32	(0.39)	0.71	(0.75)	2.36
MMLP	0.76	0.11	0.03	0.42	1.05	(1.03)	1.40	(1.40)	10.47
GEL	1.39	(0.27)	0.00	(0.19)	0.00	0.00	3.25	(2.58)	14.40
SMLP	1.98	0.54	0.20	(0.62)	1.39	(2.66)	4.65	(2.69)	26.07

Brooge Holdings Corporate Management

Lina Saheb	Deputy Director	Profile
Nicolaas Paardenkooper	CEO Director	Profile
Burgese Parekh	Interim Officer	Profile
Faisal Selim	Chief Officer	Profile
Paul Ditchburn	Chief Officer	Profile

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