Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Flexible
BAFAX Fund  USD 41.37  0.14  0.34%   
The current 90-days correlation between Brown Advisory Flexible and Brown Advisory Flexible is 1.0 (i.e., No risk reduction). 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

Almost no diversification

The correlation between Brown Advisory Flexible and DJI is 0.98 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Flexible 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 Flexible. 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 nation.

Moving together with Brown Mutual Fund

  0.98BAFMX Brown Advisory MidPairCorr
  0.93BAFLX Brown Advisory GlobalPairCorr
  0.96BAFGX Brown Advisory GrowthPairCorr
  0.88BAFHX Brown AdvisoryPairCorr
  1.0BAFFX Brown Advisory FlexiblePairCorr
  0.96BAGAX Brown Advisory GrowthPairCorr
  0.94BAFYX Brown Advisory FundsPairCorr
  0.98BAFWX Brown Advisory SustaPairCorr
  0.97BAFSX Brown Advisory SmallPairCorr
  0.95BAFQX Brown AdvisoryPairCorr
  0.88BAHAX Brown AdvisoryPairCorr
  0.95BAQAX Brown AdvisoryPairCorr
  0.97BASAX Brown Advisory SmallPairCorr
  0.78BAUAX Brown Advisory SmallPairCorr
  0.79BAUUX Brown Advisory SmallPairCorr
  0.98BAWAX Brown Advisory SustaPairCorr
  0.91BVALX Brown AdvisoryPairCorr
  0.93BIALX Brown Advisory GlobalPairCorr
  0.96BIAGX Brown Advisory GrowthPairCorr
  0.88BIAHX Brown AdvisoryPairCorr
  1.0BIAFX Brown Advisory FlexiblePairCorr
  0.94BIAYX Brown Advisory FundsPairCorr
  0.91BIAVX Brown AdvisoryPairCorr
  0.98BIAWX Brown Advisory SustaPairCorr
  0.79BIAUX Brown Advisory SmallPairCorr
  0.95BIAQX Brown AdvisoryPairCorr
  0.97BIASX Brown Advisory SmallPairCorr
  0.98BMIDX Brown Advisory MidPairCorr
  0.98FAFGX American FundsPairCorr

Related Correlations Analysis

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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.

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