The Brown Correlations

BCSVX Fund  USD 27.55  0.02  0.07%   
The current 90-days correlation between Brown Capital and Df Dent Midcap is 0.62 (i.e., Poor 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

Very weak diversification

The correlation between The Brown Capital and DJI is 0.51 (i.e., Very weak 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 real.

Moving together with The Mutual Fund

  0.94BCIIX Brown CapitalPairCorr
  0.94BCISX Brown CapitalPairCorr
  0.92BCSSX Brown CapitalPairCorr
  0.92BCSIX Brown CapitalPairCorr
  0.98OSMYX Oppenheimer Intl SmallPairCorr
  0.98OSCIX Oppenheimer Intl SmallPairCorr
  0.98OSMNX Oppenheimer Intl SmallPairCorr
  0.98TIDDX T Rowe PricePairCorr
  0.98MIDGX Mfs International NewPairCorr
  0.98MIDHX Mfs International NewPairCorr
  0.98MIDRX Mfs International NewPairCorr
  0.93CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.63CCCZX Center St BrookfieldPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.97MSKLX Mid Cap GrowthPairCorr
  0.96CISGX Touchstone Sands CapitalPairCorr
  0.97MPEGX Mid Cap GrowthPairCorr
  0.95MIFIX Miller Intermediate BondPairCorr
  0.97PPNMX Smallcap GrowthPairCorr
  0.97FLMFX Muirfield Fund RetailPairCorr
  0.97FSELX Fidelity Select SemiPairCorr
  0.96FSDIX Fidelity StrategicPairCorr
  0.96GSPQX Goldman Sachs EquityPairCorr
  0.97FBKFX Fidelity BalancedPairCorr
  0.98SMHYX Aim Counselor SeriesPairCorr
  0.78PCIMX California IntermediatePairCorr
  0.98VLSMX Valic Company IPairCorr
  0.97SHXYX American Beacon ShapiroPairCorr
  0.96LSIRX Clearbridge Mid CapPairCorr
  0.98LEKKX Blackrock Lifepath EsgPairCorr
  0.95SMGAX Saat Servative StrategyPairCorr
  0.98HRNRX Hood River New Steady GrowthPairCorr
  0.97FIFRX Franklin GrowthPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.98TEDTX Tiaa Cref EmergingPairCorr
  0.97OAAIX Oppenheimer AggrssvPairCorr

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.