Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Small Cap
BAUUX Fund  USD 27.17  0.11  0.40%   
The current 90-days correlation between Brown Advisory Small and Siit Limited Duration is -0.24 (i.e., Very 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

Almost no diversification

The correlation between Brown Advisory Small Cap and DJI is 0.9 (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 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 employment.

Moving together with Brown Mutual Fund

  0.94VSMAX Vanguard Small CapPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.94VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.92FSSNX Fidelity Small CapPairCorr
  0.94DFSTX Us Small CapPairCorr
  0.95PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.96TRZVX T Rowe PricePairCorr
  0.86PRSVX T Rowe PricePairCorr
  0.91PDI Pimco Dynamic IncomePairCorr
  0.77FTCAX Templeton Strained BondPairCorr
  0.75MNNAX Victory Munder MultiPairCorr
  0.73BA Boeing Aggressive PushPairCorr
  0.77DIS Walt DisneyPairCorr
  0.7IBM International BusinessPairCorr
  0.64T ATT IncPairCorr
  0.72TRV The Travelers CompaniesPairCorr
  0.67HPQ HP IncPairCorr
  0.77INTC Intel Aggressive PushPairCorr
  0.77JPM JPMorgan ChasePairCorr
  0.85CAT CaterpillarPairCorr
  0.75PFE Pfizer IncPairCorr
  0.61XOM Exxon Mobil CorpPairCorr
  0.71GE GE AerospacePairCorr
  0.85BAC Bank of AmericaPairCorr
  0.86AA Alcoa CorpPairCorr
  0.92DD Dupont De NemoursPairCorr

Moving against Brown Mutual Fund

  0.94UIPIX Ultrashort Mid CapPairCorr
  0.84USPSX Profunds UltrashortPairCorr
  0.84USPIX Profunds UltrashortPairCorr

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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