Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Growth
BAFGX Fund  USD 33.05  0.13  0.39%   
The current 90-days correlation between Brown Advisory Growth and Equity Income Fund is 0.02 (i.e., Significant diversification). 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

Poor diversification

The correlation between Brown Advisory Growth and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Growth 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 Growth. 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 price.

Moving together with Brown Mutual Fund

  0.95BAFMX Brown Advisory MidPairCorr
  0.77BAFLX Brown Advisory GlobalPairCorr
  0.98BAFFX Brown Advisory FlexiblePairCorr
  0.98BAFAX Brown Advisory FlexiblePairCorr
  1.0BAGAX Brown Advisory GrowthPairCorr
  0.86BAFYX Brown Advisory FundsPairCorr
  0.97BAFWX Brown Advisory SustaPairCorr
  0.88BAFSX Brown Advisory SmallPairCorr
  0.88BASAX Brown Advisory SmallPairCorr
  0.87BAUAX Brown Advisory SmallPairCorr
  0.88BAUUX Brown Advisory SmallPairCorr
  0.97BAWAX Brown Advisory SustaPairCorr
  0.61BVALX Brown AdvisoryPairCorr
  0.77BIALX Brown Advisory GlobalPairCorr
  1.0BIAGX Brown Advisory GrowthPairCorr
  0.98BIAFX Brown Advisory FlexiblePairCorr
  0.86BIAYX Brown Advisory FundsPairCorr
  0.61BIAVX Brown AdvisoryPairCorr
  0.97BIAWX Brown Advisory SustaPairCorr
  0.87BIAUX Brown Advisory SmallPairCorr
  0.88BIASX Brown Advisory SmallPairCorr
  0.98BMIDX Brown Advisory MidPairCorr
  0.91FAFGX American FundsPairCorr

Moving against Brown Mutual Fund

  0.72BAISX Brown Advisory SustaPairCorr
  0.71BAIAX Brown Advisory InterPairCorr
  0.71BASBX Brown Advisory SustaPairCorr
  0.7BAFZX Brown Advisory MortgagePairCorr
  0.7BIAIX Brown Advisory InterPairCorr
  0.63BAFHX Brown AdvisoryPairCorr
  0.63BAHAX Brown AdvisoryPairCorr
  0.63BIAHX Brown AdvisoryPairCorr
  0.7BIAZX Brown Advisory MortgagePairCorr

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   
JVLAX
+ 0.96
PQIAX
JVLAX
+ 0.92
LGILX
LGILX
+ 0.91
PQIAX
HIINX
+ 0.75
BCOSX
  
High negative correlations   
JVLAX
- 0.76
BCOSX
LGILX
- 0.7
BCOSX
BCOSX
- 0.65
PQIAX
HIINX
- 0.48
JVLAX
HIINX
- 0.44
LGILX
HIINX
- 0.39
PQIAX

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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