Brown Advisory Correlations

BIAGX Fund  USD 31.89  0.05  0.16%   
The current 90-days correlation between Brown Advisory Growth and Equity Income Fund is -0.08 (i.e., Good diversification). The correlation of Brown Advisory 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.

Brown Advisory Correlation With Market

Good diversification

The correlation between Brown Advisory Growth and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Growth 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 Brown Advisory Growth. 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 price.

Moving together with Brown Mutual Fund

  0.99BAFMX Brown Advisory MidPairCorr
  0.7BAFLX Brown Advisory GlobalPairCorr
  0.94BAFGX Brown Advisory GrowthPairCorr
  0.93BAFFX Brown Advisory FlexiblePairCorr
  0.93BAFAX Brown Advisory FlexiblePairCorr
  0.94BAGAX Brown Advisory GrowthPairCorr
  0.8BAFYX Brown Advisory FundsPairCorr
  0.89BAFWX Brown Advisory SustaPairCorr
  0.79BAFSX Brown Advisory SmallPairCorr
  0.79BASAX Brown Advisory SmallPairCorr
  0.83BAUAX Brown Advisory SmallPairCorr
  0.83BAUUX Brown Advisory SmallPairCorr
  0.89BAWAX Brown Advisory SustaPairCorr
  0.61BVALX Brown AdvisoryPairCorr
  0.69BIALX Brown Advisory GlobalPairCorr
  0.98BIAFX Brown Advisory FlexiblePairCorr
  0.8BIAYX Brown Advisory FundsPairCorr
  0.89BIAWX Brown Advisory SustaPairCorr
  0.87BIAUX Brown Advisory SmallPairCorr
  0.87BIASX Brown Advisory SmallPairCorr
  0.99BMIDX Brown Advisory MidPairCorr
  0.95FAFGX American FundsPairCorr

Moving against Brown Mutual Fund

  0.71BASBX Brown Advisory SustaPairCorr
  0.7BAFZX Brown Advisory MortgagePairCorr
  0.7BAISX Brown Advisory SustaPairCorr
  0.7BAIAX Brown Advisory InterPairCorr
  0.67BIAIX Brown Advisory InterPairCorr
  0.66BAFHX Brown AdvisoryPairCorr
  0.66BAHAX Brown AdvisoryPairCorr
  0.66BIAHX Brown AdvisoryPairCorr
  0.7BIAZX Brown Advisory MortgagePairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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LGILXBCOSX
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HIINXJVLAX
HIINXLGILX
HIINXPQIAX

Risk-Adjusted Indicators

There is a big difference between Brown Mutual Fund performing well and Brown Advisory 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 Brown Advisory'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.