Brown Advisory Correlations

BMIDX Fund

USD 17.56 0.01 0.06%

The current 90-days correlation between Brown Advisory Mid and Litman Gregory Masters is 0.05 (i.e., Significant 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

Very weak diversification

The correlation between Brown Advisory Mid Cap and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Mid Cap 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 Mid Cap. 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 unemployment.

Moving together with Brown Mutual Fund

1.0	BAFMX	Brown Advisory Mid	Pair Corr
0.89	BAFLX	Brown Advisory Global	Pair Corr
0.73	BAFHX	Brown Advisory	Pair Corr
0.61	BAFFX	Brown Advisory Flexible	Pair Corr
0.79	BAFYX	Brown Advisory Funds	Pair Corr
0.73	BAHAX	Brown Advisory	Pair Corr
0.65	BAIAX	Brown Advisory Inter	Pair Corr
0.89	BIALX	Brown Advisory Global	Pair Corr
0.66	BIAIX	Brown Advisory Inter	Pair Corr
0.73	BIAHX	Brown Advisory	Pair Corr
0.79	BIAYX	Brown Advisory Funds	Pair Corr

Related Correlations Analysis

	MAHIX	SIHPX	AGDAX	QRCRX	ARTFX	TAHYX	MWHIX
MAHIX		0.9	0.94	0.82	0.94	0.82	0.79	MAHIX
SIHPX	0.9		0.98	0.78	0.98	0.96	0.95	SIHPX
AGDAX	0.94	0.98		0.79	0.99	0.93	0.93	AGDAX
QRCRX	0.82	0.78	0.79		0.85	0.78	0.64	QRCRX
ARTFX	0.94	0.98	0.99	0.85		0.92	0.89	ARTFX
TAHYX	0.82	0.96	0.93	0.78	0.92		0.94	TAHYX
MWHIX	0.79	0.95	0.93	0.64	0.89	0.94		MWHIX
	MAHIX	SIHPX	AGDAX	QRCRX	ARTFX	TAHYX	MWHIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAHIX	0.10	0.02	0.10	0.32	0.00	(0.14)	0.20	(0.20)	0.61
SIHPX	0.13	0.01	0.05	0.23	0.00	(0.20)	0.50	(0.20)	1.01
AGDAX	0.14	0.02	0.07	0.40	0.00	(0.26)	0.57	(0.29)	1.15
QRCRX	0.57	0.12	0.14	14.21	0.58	(0.63)	1.29	(1.12)	5.03
ARTFX	0.11	0.02	0.08	1.59	0.00	(0.21)	0.44	(0.22)	1.22
TAHYX	0.14	0.01	0.05	0.23	0.04	(0.22)	0.46	(0.23)	1.15
MWHIX	0.12	0.00	0.02	0.14	0.00	(0.22)	0.54	(0.22)	0.98

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Brown Advisory Correlations

Brown Advisory Correlation With Market

Very weak diversification

Moving together with Brown Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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