Brookfield Business Correlations

BBU Stock  USD 19.68  0.24  1.23%   
The current 90-days correlation between Brookfield Business and Compass Diversified is 0.06 (i.e., Significant diversification). The correlation of Brookfield Business 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 Business Correlation With Market

Very weak diversification

The correlation between Brookfield Business Partners and NYA is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Business Partners and NYA 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 Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Brookfield Stock

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Moving against Brookfield Stock

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Related Correlations Analysis

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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   
CODI-PBCODI-PC
GFFMATW
SPLPMATW
CODIGFF
MDUTRC
MATWCODI-PA
  
High negative correlations   
CODITRC
GFFTRC
MDUCODI
CODI-PBSPLP
MDUSPLP
CODI-PCSPLP

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Business 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 Business' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SPLP-PA  0.24  0.01  0.03  0.14  0.25 
 0.46 
 2.47 
CODI-PA  0.68 (0.02) 0.00 (0.17) 0.00 
 1.52 
 6.07 
MATW  1.57 (0.25) 0.00 (0.17) 0.00 
 2.76 
 13.47 
TRC  1.35  0.11  0.07  0.09  1.47 
 3.76 
 10.13 
SPLP  1.32 (0.13) 0.00 (0.94) 0.00 
 2.98 
 11.50 
GFF  1.72 (0.09) 0.00 (0.05) 0.00 
 2.92 
 11.55 
CODI  1.16 (0.07) 0.00 (0.06) 0.00 
 2.32 
 8.23 
MDU  0.99  0.18  0.15  0.14  0.98 
 1.75 
 6.64 
CODI-PC  0.48 (0.01) 0.00 (0.10) 0.00 
 1.37 
 3.86 
CODI-PB  0.58 (0.03) 0.00 (0.35) 0.00 
 1.07 
 4.40