Bbh Intermediate Correlations

Mutual Funds . USA . 
Fund . Bbh Intermediate Municipal
BBINX Fund  USD 10.26  0.03  0.29%   
The current 90-days correlation between Bbh Intermediate Mun and Locorr Dynamic Equity is 0.03 (i.e., Significant diversification). The correlation of Bbh Intermediate 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.

Bbh Intermediate Correlation With Market

Significant diversification

The correlation between Bbh Intermediate Municipal and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bbh Intermediate Municipal 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 Bbh Intermediate Municipal. 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 board of governors.

Moving together with Bbh Mutual Fund

  0.92BBIIX Bbh Intermediate MunPairCorr
  0.83BBNIX Bbh Income FundPairCorr
  0.92VWITX Vanguard Intermediate-terPairCorr
  0.92VWIUX Vanguard Intermediate-terPairCorr
  0.9AFTEX Tax Exempt BondPairCorr
  0.89AFTFX Tax Exempt BondPairCorr
  0.88TEBCX Tax Exempt BondPairCorr
  0.9TEAFX Tax Exempt BondPairCorr
  0.9TFEBX Tax Exempt BondPairCorr
  0.93FLTMX Fidelity IntermediatePairCorr
  0.89MDNLX Blackrock NationalPairCorr
  0.86MFNLX Blackrock Natl MuniPairCorr
  0.78TTSMX Tennessee Tax FreePairCorr
  0.71SSIRX Sierra Strategic IncomePairCorr
  0.62CWSBX Carillon Chartwell SmallPairCorr
  0.67SSFJX State Street TargetPairCorr

Moving against Bbh Mutual Fund

  0.44XGEIX Guggenheim Energy IncomePairCorr
  0.34KF Korea ClosedPairCorr

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   
RTIUX
+ 0.95
PAEIX
ARTNX
+ 0.9
DFVEX
DFVEX
+ 0.79
LEQCX
ARTNX
+ 0.65
LEQCX
RTIUX
+ 0.51
ARTNX
PAEIX
+ 0.49
ARTNX
  
High negative correlations   
RTIUX
- 0.1
LEQCX
PAEIX
- 0.09
LEQCX

Risk-Adjusted Indicators

There is a big difference between Bbh Mutual Fund performing well and Bbh Intermediate 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 Bbh Intermediate'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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