The Brown Correlations

BCISX Fund

USD 17.66 0.14 0.79%

The current 90-days correlation between Brown Capital and Dimensional Retirement Income is 0.08 (i.e., Significant diversification). 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

Good diversification

The correlation between The Brown Capital and DJI is -0.13 (i.e., Good 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 state.

Moving together with The Mutual Fund

0.89	BCIIX	Brown Capital Potential Growth	Pair Corr
0.75	BCSVX	Brown Capital	Pair Corr
0.75	BCSFX	Brown Capital	Pair Corr
0.82	RERFX	Europacific Growth	Pair Corr
0.82	AEPFX	Europacific Growth	Pair Corr
0.82	CEUAX	Europacific Growth	Pair Corr
0.81	CEUCX	Europacific Growth	Pair Corr
0.81	RERCX	Europacific Growth	Pair Corr
0.82	REREX	Europacific Growth	Pair Corr
0.82	RERGX	Europacific Growth	Pair Corr
0.82	CEUFX	Europacific Growth	Pair Corr
0.81	CEUEX	Europacific Growth	Pair Corr
0.8	RERAX	Europacific Growth	Pair Corr
0.71	VEGBX	Vanguard Emerging Markets	Pair Corr
0.82	TEQAX	Touchstone Sustainability	Pair Corr
0.63	LOLDX	Lord Abbett Short	Pair Corr
0.71	NTBIX	Navigator Tactical Fixed	Pair Corr
0.9	IUAEX	Jpmorgan International	Pair Corr
0.91	OEMIX	Ophmr Eml Dbt	Pair Corr
0.75	DEMIX	Delaware Emerging Markets	Pair Corr
0.73	PGLSX	Global Multi Strategy	Pair Corr

Related Correlations Analysis

	TDIFX	TSMHX	FTMRX	VRRJX	MRMAX	QCGLRX
TDIFX		0.91	0.89	0.89	0.81	0.82	TDIFX
TSMHX	0.91		0.99	0.99	0.93	0.94	TSMHX
FTMRX	0.89	0.99		1.0	0.9	0.96	FTMRX
VRRJX	0.89	0.99	1.0		0.9	0.96	VRRJX
MRMAX	0.81	0.93	0.9	0.9		0.76	MRMAX
QCGLRX	0.82	0.94	0.96	0.96	0.76		QCGLRX
	TDIFX	TSMHX	FTMRX	VRRJX	MRMAX	QCGLRX

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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
TDIFX	0.16	0.01	0.11	0.05	0.17	(0.20)	0.35	(0.26)	1.13
TSMHX	0.40	(0.01)	0.00	(0.04)	0.00	0.00	0.67	(0.73)	2.26
FTMRX	0.39	(0.02)	0.00	(0.09)	0.00	0.00	0.70	(0.80)	2.43
VRRJX	0.43	(0.02)	0.00	(0.08)	0.00	0.00	0.68	(0.87)	2.71
MRMAX	0.30	(0.02)	0.00	(0.08)	0.00	0.00	0.66	(0.54)	2.85
QCGLRX	0.62	(0.02)	0.00	(0.06)	0.00	0.00	1.04	(1.49)	3.68

Trending Assets

MRMAX

Massmutual Retiresmart

9.13 0.06 0.66

FTMRX

Franklin Moderate

15.96 -0.16 -0.99

TSMHX

Tiaa Cref Lifestyle

15.11 0.10 0.67

VRRJX

Voya Target Retirement

13.58 -0.15 -1.09

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