Bbh Select Correlations

BBMIX Fund

USD 12.57 0.05 0.40%

The current 90-days correlation between Bbh Select Series and Bbh Limited Duration is -0.02 (i.e., 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

Poor diversification

The correlation between Bbh Select Series and DJI is 0.65 (i.e., 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

0.77	BBLIX	Bbh Select Series	Pair Corr
0.81	PAMCX	T Rowe Price	Pair Corr
0.8	RRMGX	T Rowe Price	Pair Corr
0.81	TRQZX	T Rowe Price	Pair Corr
0.85	RPMGX	T Rowe Price	Pair Corr
0.85	PRJIX	T Rowe Price	Pair Corr
0.84	PRNHX	T Rowe Price	Pair Corr
0.85	TRUZX	T Rowe Price	Pair Corr
0.93	PCBIX	Midcap Fund Institutional	Pair Corr
0.93	PEMGX	Midcap Fund Class	Pair Corr
0.92	PMBCX	Midcap Fund Class	Pair Corr
0.74	PCF	Putnam High Income	Pair Corr
0.61	XNBHX	Neuberger Berman Int	Pair Corr
0.77	VBCVX	Broad Cap Value	Pair Corr
0.68	ALSAX	Alger Smallcap Growth	Pair Corr
0.63	ALMAX	Alger Smidcap Focus	Pair Corr

Moving against Bbh Mutual Fund

0.44	BBBMX	Bbh Limited Duration	Pair Corr
0.42	BBBIX	Bbh Limited Duration	Pair Corr
0.48	SWSFX	Ultra Short Fixed	Pair Corr

Related Correlations Analysis

	BBBMX	BBBIX	BBHLX	BBIIX	BBLIX	BBMIX	BBNIX	MNDVUX	NWWAX
BBBMX		0.99	0.23	0.0	-0.52	-0.44	-0.07	-0.33	0.0	BBBMX
BBBIX	0.99		0.26	0.03	-0.48	-0.42	-0.06	-0.3	0.0	BBBIX
BBHLX	0.23	0.26		0.44	0.42	0.48	0.55	0.58	0.0	BBHLX
BBIIX	0.0	0.03	0.44		0.68	0.49	0.89	0.23	0.0	BBIIX
BBLIX	-0.52	-0.48	0.42	0.68		0.77	0.7	0.58	0.0	BBLIX
BBMIX	-0.44	-0.42	0.48	0.49	0.77		0.51	0.57	0.0	BBMIX
BBNIX	-0.07	-0.06	0.55	0.89	0.7	0.51		0.36	0.0	BBNIX
MNDVUX	-0.33	-0.3	0.58	0.23	0.58	0.57	0.36		0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NWWAX
	BBBMX	BBBIX	BBHLX	BBIIX	BBLIX	BBMIX	BBNIX	MNDVUX	NWWAX

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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

BBBIX	+ 0.99	BBBMX
BBNIX	+ 0.89	BBIIX
BBMIX	+ 0.77	BBLIX
BBNIX	+ 0.7	BBLIX
BBLIX	+ 0.68	BBIIX
MNDVUX	+ 0.58	BBHLX

High negative correlations

BBLIX	- 0.52	BBBMX
BBLIX	- 0.48	BBBIX
BBMIX	- 0.44	BBBMX
BBMIX	- 0.42	BBBIX
MNDVUX	- 0.33	BBBMX
MNDVUX	- 0.3	BBBIX

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	0.04	0.01	0.00	(3.20)	0.00	0.00	0.10	(0.10)	0.58
BBBIX	0.05	0.01	(0.59)	(0.89)	0.00	(0.15)	0.10	(0.10)	0.48
BBHLX	0.61	0.04	(0.01)	0.19	0.68	(0.66)	1.33	(1.13)	3.77
BBIIX	0.15	0.00	(0.26)	0.26	0.20	(0.19)	0.29	(0.29)	1.27
BBLIX	0.64	0.00	(0.05)	0.13	1.07	(0.63)	1.26	(1.45)	6.08
BBMIX	0.73	(0.01)	(0.03)	0.05	0.95	(0.77)	1.57	(1.19)	6.16
BBNIX	0.25	(0.02)	0.00	(0.23)	0.00	0.00	0.57	(0.46)	1.59
MNDVUX	0.61	0.18	0.16	0.78	0.53	(0.71)	1.20	(1.16)	2.60
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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