Bbh Select Correlations

BBMIX Fund

USD 12.94 0.01 0.08%

The current 90-days correlation between Bbh Select Series and Bbh Limited Duration is -0.31 (i.e., Very good diversification). The correlation of Bbh Select 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 Select Correlation With Market

Very poor diversification

The correlation between Bbh Select Series and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bbh Select Series 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 Select Series. 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 gross domestic product.

Moving together with Bbh Mutual Fund

0.78	BBBMX	Bbh Limited Duration	Pair Corr
0.78	BBBIX	Bbh Limited Duration	Pair Corr
0.79	BBLIX	Bbh Select Series	Pair Corr
0.96	PAMCX	T Rowe Price	Pair Corr
0.96	RRMGX	T Rowe Price	Pair Corr
0.97	TRQZX	T Rowe Price	Pair Corr
0.96	RPMGX	T Rowe Price	Pair Corr
0.92	PRJIX	T Rowe Price	Pair Corr
0.96	PRNHX	T Rowe Price	Pair Corr
0.96	TRUZX	T Rowe Price	Pair Corr
0.97	PCBIX	Midcap Fund Institutional	Pair Corr
0.94	PEMGX	Midcap Fund Class	Pair Corr
0.93	PMBCX	Midcap Fund Class	Pair Corr
0.84	FTYPX	Fidelity Freedom Index	Pair Corr
0.79	FFBTX	Fidelity Freedom Blend	Pair Corr
0.9	GCAVX	Gmo Small Cap	Pair Corr
0.71	GQLOX	Gmo Quality Fund	Pair Corr
0.74	GHVIX	Gmo High Yield	Pair Corr
0.93	GMCQX	Gmo Equity Allocation	Pair Corr
0.9	ASVNX	Small Cap Value	Pair Corr
0.95	FMCMX	American Funds Amcap	Pair Corr
0.93	VFIAX	Vanguard 500 Index	Pair Corr
0.97	SVSPX	Ssga Sp 500	Pair Corr
0.85	MAWAX	Mfs Aggressive Growth	Pair Corr
0.97	THPGX	Thompson Largecap	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.96	LVAMX	Lsv Managed Volatility	Pair Corr
0.86	LFROX	Lord Abbett Floating	Pair Corr
0.96	DFMAX	Davidson Multi Cap	Pair Corr
0.67	GIOAX	Guggenheim Macro Opp	Pair Corr
0.95	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.97	INDEX	Sp 500 Equal	Pair Corr

Moving against Bbh Mutual Fund

0.71	BBNIX	Bbh Income Fund	Pair Corr
0.37	BBINX	Bbh Intermediate Mun	Pair Corr
0.36	BBIIX	Bbh Intermediate Mun	Pair Corr
0.83	GABFX	Gmo Asset Allocation	Pair Corr
0.56	GAAVX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	BBBMX	BBBIX	BBHLX	BBINX	BBIIX	BBHSX	BBLIX	BBMIX	BBNIX
BBBMX		0.96	-0.25	-0.09	-0.07	-0.46	0.61	0.78	-0.48	BBBMX
BBBIX	0.96		-0.27	-0.1	-0.08	-0.35	0.58	0.78	-0.52	BBBIX
BBHLX	-0.25	-0.27		0.42	0.42	-0.01	0.22	-0.1	0.47	BBHLX
BBINX	-0.09	-0.1	0.42		1.0	-0.03	0.04	-0.37	0.79	BBINX
BBIIX	-0.07	-0.08	0.42	1.0		-0.03	0.06	-0.36	0.78	BBIIX
BBHSX	-0.46	-0.35	-0.01	-0.03	-0.03		-0.27	-0.28	0.06	BBHSX
BBLIX	0.61	0.58	0.22	0.04	0.06	-0.27		0.79	-0.28	BBLIX
BBMIX	0.78	0.78	-0.1	-0.37	-0.36	-0.28	0.79		-0.71	BBMIX
BBNIX	-0.48	-0.52	0.47	0.79	0.78	0.06	-0.28	-0.71		BBNIX
	BBBMX	BBBIX	BBHLX	BBINX	BBIIX	BBHSX	BBLIX	BBMIX	BBNIX

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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

BBIIX	+ 1.0	BBINX
BBBIX	+ 0.96	BBBMX
BBNIX	+ 0.79	BBINX
BBMIX	+ 0.79	BBLIX
BBMIX	+ 0.78	BBBMX
BBMIX	+ 0.78	BBBIX

High negative correlations

BBNIX	- 0.71	BBMIX
BBNIX	- 0.52	BBBIX
BBNIX	- 0.48	BBBMX
BBHSX	- 0.46	BBBMX
BBMIX	- 0.37	BBINX
BBMIX	- 0.36	BBIIX

Risk-Adjusted Indicators

There is a big difference between Bbh Mutual Fund performing well and Bbh Select 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 Select'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
BBBMX	0.05	0.01	(1.01)	(0.65)	0.00	(0.17)	0.10	(0.10)	0.49
BBBIX	0.06	0.01	(1.02)	(1.33)	0.00	(0.16)	0.10	(0.10)	0.58
BBHLX	0.64	(0.10)	0.00	(0.06)	0.00	0.00	1.41	(1.28)	3.65
BBINX	0.12	0.01	(0.41)	0.01	0.15	(0.19)	0.29	(0.29)	1.07
BBIIX	0.12	0.01	(0.42)	0.02	0.15	(0.18)	0.29	(0.29)	1.17
BBHSX	0.10	(0.03)	0.00	(0.45)	0.00	0.00	0.00	(0.41)	2.70
BBLIX	0.55	(0.04)	(0.09)	0.06	0.69	(0.59)	0.99	(1.44)	3.65
BBMIX	0.69	0.02	0.02	0.14	0.84	(0.71)	1.49	(0.97)	4.74
BBNIX	0.23	(0.03)	0.00	(0.39)	0.00	0.00	0.45	(0.56)	1.24

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