The Brown Correlations

BCIIX Fund

USD 17.46 0.01 0.06%

The correlation of The Brown 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.

The Brown Correlation With Market

Average diversification

The correlation between The Brown Capital and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Brown Capital 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 The Brown Capital. 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 The Mutual Fund

1.0	BCISX	Brown Capital	Pair Corr
0.66	BCSVX	Brown Capital	Pair Corr
0.66	BCSFX	Brown Capital	Pair Corr
0.87	RERFX	Europacific Growth	Pair Corr
0.79	AEPFX	Europacific Growth	Pair Corr
0.79	CEUAX	Europacific Growth	Pair Corr
0.79	CEUCX	Europacific Growth	Pair Corr
0.79	RERCX	Europacific Growth	Pair Corr
0.79	REREX	Europacific Growth	Pair Corr
0.79	RERGX	Europacific Growth	Pair Corr
0.79	CEUFX	Europacific Growth	Pair Corr
0.88	CEUEX	Europacific Growth	Pair Corr
0.79	RERAX	Europacific Growth	Pair Corr
0.76	VTISX	Vanguard Total Inter	Pair Corr
0.76	VTSNX	Vanguard Total Inter	Pair Corr
0.77	VTPSX	Vanguard Total Inter	Pair Corr

Moving against The Mutual Fund

0.48	KINAX	Kinetics Internet	Pair Corr
0.32	BCSSX	Brown Capital	Pair Corr
0.32	BCSIX	Brown Capital	Pair Corr
0.34	WCPSX	Mobile Telecommunicatio	Pair Corr
0.66	QREARX	Teachers Insurance And	Pair Corr
0.45	RYBKX	Banking Fund Class	Pair Corr

Related Correlations Analysis

	GUDAX	LIGFX	TSMUX	MDBLX	ADX	USCAX	SIGWX
GUDAX		0.0	0.0	0.0	0.0	0.0	0.0	GUDAX
LIGFX	0.0		0.86	-0.13	0.79	0.78	0.85	LIGFX
TSMUX	0.0	0.86		-0.53	0.95	0.88	0.97	TSMUX
MDBLX	0.0	-0.13	-0.53		-0.65	-0.4	-0.46	MDBLX
ADX	0.0	0.79	0.95	-0.65		0.8	0.9	ADX
USCAX	0.0	0.78	0.88	-0.4	0.8		0.92	USCAX
SIGWX	0.0	0.85	0.97	-0.46	0.9	0.92		SIGWX
	GUDAX	LIGFX	TSMUX	MDBLX	ADX	USCAX	SIGWX

Click cells to compare fundamentals

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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

SIGWX	+ 0.97	TSMUX
ADX	+ 0.95	TSMUX
SIGWX	+ 0.92	USCAX
SIGWX	+ 0.9	ADX
USCAX	+ 0.88	TSMUX
TSMUX	+ 0.86	LIGFX

High negative correlations

ADX	- 0.65	MDBLX
MDBLX	- 0.53	TSMUX
SIGWX	- 0.46	MDBLX
USCAX	- 0.4	MDBLX
MDBLX	- 0.13	LIGFX
SIGWX	- 0.0	GUDAX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Brown 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 The Brown'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
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIGFX	0.25	(0.01)	(0.31)	0.08	0.21	(0.28)	0.55	(0.50)	1.23
TSMUX	0.77	0.03	0.06	0.14	0.75	(0.87)	1.73	(1.39)	5.63
MDBLX	0.22	0.00	(0.39)	0.21	0.27	(0.26)	0.37	(0.60)	1.35
ADX	0.63	(0.02)	(0.04)	0.10	0.85	(0.64)	1.35	(1.20)	3.44
USCAX	0.93	0.08	(0.01)	0.53	0.94	(1.11)	2.07	(1.70)	7.45
SIGWX	0.75	(0.02)	0.00	0.10	0.83	(0.86)	1.53	(1.38)	7.02

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