Brookfield Infrastructure Correlations

BIPC Stock

USD 41.80 0.68 1.65%

The current 90-days correlation between Brookfield Infrastructure and NewJersey Resources is -0.05 (i.e., Good diversification). The correlation of Brookfield Infrastructure 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.

Brookfield Infrastructure Correlation With Market

Good diversification

The correlation between Brookfield Infrastructure Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brookfield Infrastructure Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brookfield Stock

0.68	VG	Venture Global,	Pair Corr
0.88	UGI	UGI Corporation	Pair Corr
0.82	OPAL	OPAL Fuels	Pair Corr
0.87	CTRI	Centuri Holdings,	Pair Corr
0.75	D	Dominion Energy Sell-off Trend	Pair Corr
0.86	ES	Eversource Energy	Pair Corr
0.68	RNWWW	ReNew Energy Global	Pair Corr
0.88	ELPC	Companhia Paranaense	Pair Corr
0.82	ENIC	Enel Chile SA	Pair Corr
0.86	ENLT	Enlight Renewable Energy	Pair Corr

Moving against Brookfield Stock

0.75	NJR	NewJersey Resources	Pair Corr
0.66	SPH	Suburban Propane Partners	Pair Corr
0.63	CPK	Chesapeake Utilities	Pair Corr
0.62	NFE	New Fortress Energy	Pair Corr
0.56	ED	Consolidated Edison	Pair Corr
0.48	SR	Spire Inc	Pair Corr
0.61	CMS-PB	Consumers Energy	Pair Corr
0.4	ADN	Advent Technologies	Pair Corr
0.38	CDZIP	Cadiz Depositary Shares	Pair Corr
0.36	AEE	Ameren Corp	Pair Corr
0.35	AEP	American Electric Power	Pair Corr

Related Correlations Analysis

	NJR	ATO	UGI	CPK	SR	NI	NWN	UGIC	OGS	RGCO
NJR		0.16	-0.66	0.87	0.82	0.17	0.73	0.0	0.45	0.07	NJR
ATO	0.16		0.4	0.38	0.17	0.51	0.75	0.0	0.9	0.26	ATO
UGI	-0.66	0.4		-0.62	-0.39	0.46	-0.17	0.0	0.09	-0.13	UGI
CPK	0.87	0.38	-0.62		0.72	0.11	0.8	0.0	0.67	0.24	CPK
SR	0.82	0.17	-0.39	0.72		0.47	0.64	0.0	0.46	-0.18	SR
NI	0.17	0.51	0.46	0.11	0.47		0.45	0.0	0.51	-0.23	NI
NWN	0.73	0.75	-0.17	0.8	0.64	0.45		0.0	0.89	0.12	NWN
UGIC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	UGIC
OGS	0.45	0.9	0.09	0.67	0.46	0.51	0.89	0.0		0.2	OGS
RGCO	0.07	0.26	-0.13	0.24	-0.18	-0.23	0.12	0.0	0.2		RGCO
	NJR	ATO	UGI	CPK	SR	NI	NWN	UGIC	OGS	RGCO

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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

OGS	+ 0.9	ATO
OGS	+ 0.89	NWN
CPK	+ 0.87	NJR
SR	+ 0.82	NJR
NWN	+ 0.8	CPK
NWN	+ 0.75	ATO

High negative correlations

UGI	- 0.66	NJR
CPK	- 0.62	UGI
SR	- 0.39	UGI
RGCO	- 0.23	NI
RGCO	- 0.18	SR
NWN	- 0.17	UGI

Risk-Adjusted Indicators

There is a big difference between Brookfield Stock performing well and Brookfield Infrastructure 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 Infrastructure'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
NJR	0.92	(0.07)	0.00	(0.30)	0.00	0.00	1.97	(1.95)	6.69
ATO	0.86	0.02	0.00	0.10	1.35	(0.81)	1.95	(1.77)	6.77
UGI	1.00	0.16	0.09	0.33	1.25	(1.04)	2.28	(2.21)	7.74
CPK	1.22	(0.10)	0.00	(0.50)	0.00	0.00	2.38	(2.90)	5.99
SR	0.93	(0.03)	0.00	(0.12)	0.00	0.00	1.56	(2.53)	5.92
NI	1.06	0.03	0.01	0.09	1.66	(1.03)	2.15	(2.18)	8.44
NWN	0.97	(0.05)	0.00	(0.22)	0.00	0.00	1.81	(2.31)	7.20
UGIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OGS	1.13	(0.01)	(0.02)	0.00	1.67	(1.02)	2.30	(2.40)	6.71
RGCO	1.74	0.05	0.01	0.26	1.81	(1.98)	3.65	(2.75)	8.85

Brookfield Infrastructure Corporate Management

Michael Ryan	General Counsel, Managing Director, Corporate Secretary	Profile
Samuel Pollock	Chief Officer	Profile
John CFA	Vice Infrastructure	Profile
Ronald Vargas	Managing Infrastructure	Profile
Claire Holland	VP Communications	Profile
Gabriele Montesi	Operating Infrastructure	Profile
Daniel Quintanilla	Independent Director	Profile

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