Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Flexible
BAFAX Fund  USD 41.66  0.30  0.71%   
The current 90-days correlation between Brown Advisory Flexible and Brown Advisory Flexible is 1.0 (i.e., No risk reduction). The correlation of Brown Advisory 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.

Brown Advisory Correlation With Market

Average diversification

The correlation between Brown Advisory Flexible and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Flexible 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 Brown Advisory Flexible. 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 nation.

Moving together with Brown Mutual Fund

  0.7BAFLX Brown Advisory GlobalPairCorr
  0.77BAFGX Brown Advisory GrowthPairCorr
  0.69BAFHX Brown AdvisoryPairCorr
  1.0BAFFX Brown Advisory FlexiblePairCorr
  0.71BAGAX Brown Advisory GrowthPairCorr
  0.91BAFYX Brown Advisory FundsPairCorr
  0.66BAFZX Brown Advisory MortgagePairCorr
  0.89BAFWX Brown Advisory SustaPairCorr
  0.88BAFSX Brown Advisory SmallPairCorr
  0.68BAHAX Brown AdvisoryPairCorr
  0.66BAISX Brown Advisory SustaPairCorr
  0.95BASAX Brown Advisory SmallPairCorr
  0.85BAUAX Brown Advisory SmallPairCorr
  0.85BAUUX Brown Advisory SmallPairCorr
  0.89BAWAX Brown Advisory SustaPairCorr
  0.73BTEIX Brown Advisory TaxPairCorr
  0.72BVALX Brown AdvisoryPairCorr
  0.73BIALX Brown Advisory GlobalPairCorr
  0.71BIAGX Brown Advisory GrowthPairCorr
  0.68BIAHX Brown AdvisoryPairCorr
  0.73BIAEX Brown Advisory TaxPairCorr
  0.93BIAFX Brown Advisory FlexiblePairCorr
  0.68BIAZX Brown Advisory MortgagePairCorr
  0.84BIAYX Brown Advisory FundsPairCorr
  0.77BIAVX Brown AdvisoryPairCorr
  0.89BIAWX Brown Advisory SustaPairCorr
  0.85BIAUX Brown Advisory SmallPairCorr
  0.88BIASX Brown Advisory SmallPairCorr
  0.74BIAMX Brown Advisory MarylandPairCorr
  0.67BITEX Brown Advisory TaxPairCorr
  0.89FAFGX American FundsPairCorr
  0.89FFAFX American FundsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Brown Mutual Fund performing well and Brown Advisory 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 Brown Advisory'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.

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