Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Intermediate
BAIAX Fund  USD 9.49  0.02  0.21%   
The current 90-days correlation between Brown Advisory Inter and Brown Advisory Mid Cap is 0.11 (i.e., Average 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

Average diversification

The correlation between Brown Advisory Intermediate and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Intermediate 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 Intermediate. 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

  0.66BAFMX Brown Advisory MidPairCorr
  0.66BAFJX Brown AdvisoryPairCorr
  0.65BAFHX Brown AdvisoryPairCorr
  0.64BAFFX Brown Advisory FlexiblePairCorr
  0.64BAFAX Brown Advisory FlexiblePairCorr
  0.64BAFYX Brown Advisory FundsPairCorr
  0.98BAFZX Brown Advisory MortgagePairCorr
  0.61BAFWX Brown Advisory SustaPairCorr
  0.61BAFSX Brown Advisory SmallPairCorr
  0.66BAFQX Brown AdvisoryPairCorr
  0.65BAHAX Brown AdvisoryPairCorr
  0.99BAISX Brown Advisory SustaPairCorr
  0.66BAQAX Brown AdvisoryPairCorr
  0.99BASBX Brown Advisory SustaPairCorr
  0.61BASAX Brown Advisory SmallPairCorr
  0.65BAUAX Brown Advisory SmallPairCorr
  0.65BAUUX Brown Advisory SmallPairCorr
  0.61BAWAX Brown Advisory SustaPairCorr
  0.78BTEIX Brown Advisory TaxPairCorr
  1.0BIAIX Brown Advisory InterPairCorr
  0.65BIAHX Brown AdvisoryPairCorr
  0.78BIAEX Brown Advisory TaxPairCorr
  0.64BIAFX Brown Advisory FlexiblePairCorr
  0.98BIAZX Brown Advisory MortgagePairCorr
  0.61BIAWX Brown Advisory SustaPairCorr
  0.65BIAUX Brown Advisory SmallPairCorr
  0.66BIAQX Brown AdvisoryPairCorr
  0.61BIASX Brown Advisory SmallPairCorr
  0.65BIAMX Brown Advisory MarylandPairCorr
  0.66BMIDX Brown Advisory MidPairCorr
  0.88VBIRX Vanguard Short TermPairCorr
  0.85VFSUX Vanguard Short TermPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BAFMX  0.77  0.15  0.14  0.28  0.66 
(0.88)
 2.40 
(1.25)
 5.87 
BAFLX  0.53  0.10  0.08  0.29  0.36 
(0.61)
 1.32 
(0.99)
 4.24 
BAFJX  0.66  0.10  0.02  0.43  0.73 
(0.71)
 1.50 
(1.29)
 3.94 
BAFGX  0.77  0.13  0.14  0.26  0.56 
(0.91)
 1.95 
(1.60)
 5.16 
BAFHX  0.50  0.20  0.13  0.74  0.31 
(0.58)
 1.22 
(0.99)
 3.76 
BAFFX  0.70  0.05  0.05  0.18  0.63 
(0.77)
 1.94 
(1.74)
 5.26 
BAFAX  0.70  0.05  0.05  0.18  0.63 
(0.77)
 1.96 
(1.73)
 5.28 
BAGAX  0.77  0.13  0.14  0.26  0.56 
(0.91)
 2.01 
(1.56)
 5.18 
BAFYX  0.86  0.09  0.08  0.22  0.87 
(1.01)
 2.10 
(1.77)
 6.48 
BAFZX  0.27  0.00 (0.33) 0.18  0.28 
(0.30)
 0.45 
(0.56)
 1.36 

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