The Brown Correlations

Mutual Funds . USA . 
Fund . The Brown Capital
BCISX Fund  USD 18.65  0.13  0.70%   
The current 90-days correlation between Brown Capital and Msift High Yield is 0.51 (i.e., Very weak diversification). The correlation of The Brown 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.

The Brown Correlation With Market

Poor diversification

The correlation between The Brown Capital and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Brown Capital 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 The Brown Capital. 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 state.

Moving together with The Mutual Fund

  1.0BCIIX Brown CapitalPairCorr
  0.94BCSVX Brown CapitalPairCorr
  0.97BCSSX Brown CapitalPairCorr
  0.97BCSIX Brown CapitalPairCorr
  0.94BCSFX Brown CapitalPairCorr
  0.68KINAX Kinetics InternetPairCorr
  0.98RERFX Europacific GrowthPairCorr
  0.98AEPFX Europacific GrowthPairCorr
  0.99CEUAX Europacific GrowthPairCorr
  0.99CEUCX Europacific GrowthPairCorr
  0.99RERCX Europacific GrowthPairCorr
  0.99REREX Europacific GrowthPairCorr
  0.98RERGX Europacific GrowthPairCorr
  0.98CEUFX Europacific GrowthPairCorr
  0.99CEUEX Europacific GrowthPairCorr
  0.99RERAX Europacific GrowthPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.96USSPX Sp 500 IndexPairCorr
  0.9HSZCX Highland Small CapPairCorr
  0.87FGNSX Strategic Advisers TaxPairCorr
  0.91COAGX Caldwell Orkin MarketPairCorr
  0.69XVBFX Invesco BondPairCorr
  0.95DGIIX Dgi Balanced IPairCorr
  0.93JDCRX Janus Forty FundPairCorr
  0.93MDHVX Mainstay Short DurationPairCorr
  0.78APIMX Api Short TermPairCorr
  0.98ETILX Eventide GileadPairCorr
  0.96TRGOX T Rowe PricePairCorr
  0.91MMUIX Mfs UtilitiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Brown 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 The Brown'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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