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Brookfield Real Assetsome Fund Predictability Rank


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Not Rated

Warren Buffett said many times that the companies he likes are:

1. Simple businesses that he understands
2. that have predictable and proven earnings and
3. with economic moat
4. those can be bought at a reasonable price.

It is hard to quantify "simple businesses that he (Buffett) understands", so we will focus on the other three characteristics instead. In GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank, we will show that the businesses that have predictable and proven earnings are usually also simple businesses that an average person could understand.

GuruFocus conducted a back test study of Warren Buffett's strategy of "buying good companies at fair prices" for the years from 1998-2008.


Competitive Comparison

For the Asset Management subindustry, Brookfield Real Assetsome Fund's Predictability Rank, along with its competitors' market caps and Predictability Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Brookfield Real Assetsome Fund Predictability Rank Distribution

For the Asset Management industry and Financial Services sector, Brookfield Real Assetsome Fund's Predictability Rank distribution charts can be found below:

* The bar in red indicates where Brookfield Real Assetsome Fund's Predictability Rank falls into.



Brookfield Real Assetsome Fund Predictability Rank Calculation

In our database there are 2403 stocks that have been traded from Jan. 2, 1998 to Aug. 31, 2008. We have the complete 10-year financial data and trading prices of these companies for this period. We rank the predictability of these companies based on the consistency of their revenue per share and EBITDA (earning before interest, tax, depreciation and amortization) per share over the past ten fiscal years, and study the correlation between the stock performances and the predictability of the business.

Our study may be subject to these biases and assumptions:

Dividend yields are not counted for investment returns
Effects of price changes due to spin-offs may not be fully adjusted
Study is subjected to survivorship bias due to de-listing, bankruptcy, LBO, M&A, etc.

The correlation between business predictability and investment returns of a company is showed below.

Correlation Between Business Predictability and Investment Returns

PredictablesNon-PredictableAll stocks
Total Number of stocks57018332403
Total Lost Money61830891
Total Lost More Than 50%18412430
Total Lost More Than 90%48690
Average Gain260.6%100.0%138.1%
Median Gain150.0%13.0%39.0%
Maximum Gain2852.0%11483.0%11483.0%
Maximum Loss-100.0%-100.0%-100.0%
Annualized Average Gain12.7%6.7%8.4%
Annualized Median Gain8.9%1.1%3.1%


















For the 570 predictable companies, we have seen strong correlation between the predictability of businesses and the stock performances over the past 10 years, regardless of the valuation of business at 1998. Accordingly, we have ranked the business predictability from 5-star to 1-star, as shown in this table.

Predictability Rank5-Star4.5-Star4-Star3.5-Star3-Star2.5-Star2-Star1-Star (non-predictable)Average among all
% Out of All 2403 Stocks 3.3% 2.9% 3.7% 3.3% 3.3% 3.7% 3.3% 76.3% 100%
% that are in Loss (10y) 3% 10% 8% 9% 11% 18% 16% 45% 37%
Average Gain (10y) 364.6% 330.9% 278.0% 235.1% 243.5% 227.8% 154.8% 100.0% 138.1%
Median Gain (10y) 238.5% 193.5% 171.0% 159.0% 132.5% 113.5% 87.0% 13.0% 39.0%
Maximum Gainer 2228.0% 2547.0% 2452.0% 2852.0% 2432.0% 1892.0% 1807.0% 11483.0% 11483.0%
Maximum Loser -82.0% -53.0% -67.0% -100.0% -83.0% -100.0% -78.0% -100.0% -100.0%
Annualized Average Gain 15.4% 14.6% 13.2% 12.0% 12.2% 11.7% 9.1% 6.7% 8.4%
Annualized Median Gain 12.1% 10.6% 9.8% 9.3% 8.2% 7.3% 6.0% 1.1% 3.1%
















For detailed information about each predictability rank, please go to GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank

Also read:

Part II: What worked in the market from 1998-2008? Part II: Role of Valuations
Part III: Intrinsic Value, Discounted Cash Flow and Margin of Safety

Brookfield Real Assetsome Fund Predictability Rank Related Terms

Thank you for viewing the detailed overview of Brookfield Real Assetsome Fund's Predictability Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Brookfield Real Assetsome Fund Business Description

Brookfield Real Assetsome Fund logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Traded in Other Exchanges
N/A
Address
250 Vesey Street, 15th Floor, New York, NY, USA, 10281-1023
Brookfield Real Assets Income Fund Inc. is a diversified, closed-end management investment company. Its investment objective is to seek high total return, primarily through high current income and secondarily, through the growth of capital. The fund's portfolio is allocated into the various division which consists of high yield corporate credit, securitized credit, global real estate equities, global infrastructure equities, U.S. energy mlp equities and other assets and cash.
Executives
Wright William H Ii director C/O VIRTUS INVESTMENT PARTNERS 100 PEARL STREET HARTFORD CT 06103
Salvatore Louis P director 7 SYLVAN WAY PARSIPPANY NJ 07054
Mcfarland Stuart A director C/O FORTRESS INVESTMENT GROUP 1345 AVE OF THE AMERICAS 46TH FL NEW YORK NY 10105
Kuczmarski Edward A director C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Ghantous Angela W officer: Treasurer C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Hurley Brian officer: President BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Sachs Adam Ross officer: Chief Compliance Officer C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281
Noble Craig other: CEO & PM of the Adviser C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Janus Christopher other: Portfolio Manager BROOKFIELD PUBLIC SECURITIES GROUP LLC BROOKFIELD PLACE, 250 VESEY ST., 15FL, NEW YORK NY 10281
Parker Daniel Gary other: Portfolio Manager C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15TH NEW YORK NY 10281-1023
Rieger Alexis I officer: Secretary C/O BROOKFIELD INVESTMENT MANAGAMNET INC BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281-1023
Peeney Thomas Doyle officer: Secretary BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281
Gelman Seth officer: CCO, other: CCO of Adviser C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY ST, 15TH FL NEW YORK NY 10281-1023
Williams Jeffrey Conrad other: Sub-Adviser Portfolio Manager BROOKFIELD INVESTMENT MANAGEMENT INC. BROOKFIELD PLACE, 250 VESEY ST., 15TH FL NEW YORK NY 10281-1023
Goldman Heather S. director C/O BROOKFIELD INVESTMENT MANAGEMENT INC BROOKFIELD PLACE, 250 VESEY STREET, 15FL NEW YORK NY 10281-1023

Brookfield Real Assetsome Fund Headlines

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