The Brown Correlations

BCSIX Fund

USD 51.41 0.13 0.25%

The current 90-days correlation between Brown Capital and American Beacon Bridgeway is 0.11 (i.e., Average 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

Average diversification

The correlation between The Brown Capital and DJI is 0.12 (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

0.95	BCSSX	Brown Capital	Pair Corr
0.68	VEXPX	Vanguard Explorer	Pair Corr
0.68	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.94	JGMNX	Janus Triton	Pair Corr
0.81	CIFRX	Columbia Porate Income	Pair Corr

Moving against The Mutual Fund

0.8	CBHAX	Victory Cemp Market	Pair Corr
0.64	PYLMX	Payden Limited Maturity	Pair Corr
0.56	ACSNX	Short Duration	Pair Corr
0.45	LABAX	Loomis Sayles Strategic	Pair Corr
0.4	PCRRX	Commodityrealreturn	Pair Corr
0.74	DLINX	Doubleline Flexible	Pair Corr
0.73	BUBIX	Baird Ultra Short	Pair Corr

Related Correlations Analysis

	BWLIX	AKREX	FMIHX	SKSEX	POAGX
BWLIX		0.85	0.99	0.81	0.86	BWLIX
AKREX	0.85		0.86	0.82	0.84	AKREX
FMIHX	0.99	0.86		0.79	0.86	FMIHX
SKSEX	0.81	0.82	0.79		0.93	SKSEX
POAGX	0.86	0.84	0.86	0.93		POAGX
	BWLIX	AKREX	FMIHX	SKSEX	POAGX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BWLIX	0.83	(0.22)	(0.63)	1.22	(1.27)	17.03
AKREX	0.80	(0.08)	(0.15)	1.29	(1.49)	6.59
FMIHX	0.72	(0.22)	(0.59)	1.27	(1.09)	12.56
SKSEX	0.97	(0.04)	(0.04)	1.68	(2.00)	13.52
POAGX	0.98	(0.09)	(0.18)	1.56	(1.98)	11.27

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