Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Small Cap
BAUAX Fund  USD 27.62  0.07  0.25%   
The current 90-days correlation between Brown Advisory Small and Brandes International Small is 0.34 (i.e., Weak 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 poor diversification

The correlation between Brown Advisory Small Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Small 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 Small 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 nation.

Moving together with Brown Mutual Fund

  0.91BAFMX Brown Advisory MidPairCorr
  0.85BAFLX Brown Advisory GlobalPairCorr
  0.77BAFJX Brown AdvisoryPairCorr
  0.9BAFGX Brown Advisory GrowthPairCorr
  0.82BAFHX Brown AdvisoryPairCorr
  0.92BAFFX Brown Advisory FlexiblePairCorr
  0.92BAFAX Brown Advisory FlexiblePairCorr
  0.9BAGAX Brown Advisory GrowthPairCorr
  0.97BAFYX Brown Advisory FundsPairCorr
  0.91BAFWX Brown Advisory SustaPairCorr
  0.92BAFSX Brown Advisory SmallPairCorr
  0.91BAFQX Brown AdvisoryPairCorr
  0.82BAHAX Brown AdvisoryPairCorr
  0.62BAISX Brown Advisory SustaPairCorr
  0.65BAIAX Brown Advisory InterPairCorr
  0.91BAQAX Brown AdvisoryPairCorr
  0.63BASBX Brown Advisory SustaPairCorr
  0.92BASAX Brown Advisory SmallPairCorr
  1.0BAUUX Brown Advisory SmallPairCorr
  0.91BAWAX Brown Advisory SustaPairCorr
  0.88BTEIX Brown Advisory TaxPairCorr
  0.93BVALX Brown AdvisoryPairCorr
  0.85BIALX Brown Advisory GlobalPairCorr
  0.66BIAIX Brown Advisory InterPairCorr
  0.9BIAGX Brown Advisory GrowthPairCorr
  0.82BIAHX Brown AdvisoryPairCorr
  0.88BIAEX Brown Advisory TaxPairCorr
  0.92BIAFX Brown Advisory FlexiblePairCorr
  0.97BIAYX Brown Advisory FundsPairCorr
  0.93BIAVX Brown AdvisoryPairCorr
  0.91BIAWX Brown Advisory SustaPairCorr
  1.0BIAUX Brown Advisory SmallPairCorr
  0.91BIAQX Brown AdvisoryPairCorr
  0.92BIASX Brown Advisory SmallPairCorr
  0.82BIAMX Brown Advisory MarylandPairCorr
  0.84BITEX Brown Advisory TaxPairCorr
  0.91BMIDX Brown Advisory MidPairCorr

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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