Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Intermediate
BIAIX Fund  USD 9.73  0.01  0.10%   
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 gross domestic product.

Moving together with Brown Mutual Fund

  0.65BAFJX Brown AdvisoryPairCorr
  0.81BAFZX Brown Advisory MortgagePairCorr
  0.63BAFSX Brown Advisory SmallPairCorr
  0.67BAHAX Brown AdvisoryPairCorr
  0.99BAISX Brown Advisory SustaPairCorr
  0.93BAIAX Brown Advisory InterPairCorr
  0.67BAQAX Brown AdvisoryPairCorr
  0.92BASBX Brown Advisory SustaPairCorr
  0.63BASAX Brown Advisory SmallPairCorr
  0.66BAUAX Brown Advisory SmallPairCorr
  0.66BAUUX Brown Advisory SmallPairCorr
  0.79BTEIX Brown Advisory TaxPairCorr
  0.67BIAHX Brown AdvisoryPairCorr
  0.8BIAEX Brown Advisory TaxPairCorr
  0.98BIAZX Brown Advisory MortgagePairCorr
  0.66BIAYX Brown Advisory FundsPairCorr
  0.67BIAQX Brown AdvisoryPairCorr
  0.66BIAMX Brown Advisory MarylandPairCorr
  0.71BITEX Brown Advisory TaxPairCorr

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  0.73  0.37  0.26 (3.73) 0.26 
(0.92)
 2.40 
(1.05)
 5.87 
BAFLX  0.51  0.23  0.14 (3.14) 0.00 
(0.62)
 1.32 
(0.80)
 4.24 
BAFJX  0.66  0.19  0.06 (10.11) 0.67 
(0.74)
 1.60 
(1.29)
 4.00 
BAFGX  0.73  0.34  0.30  72.06  0.00 
(0.92)
 1.95 
(0.80)
 5.16 
BAFHX  0.49  0.25  0.16 (12.92) 0.09 
(0.57)
 1.22 
(0.87)
 3.76 
BAFFX  0.65  0.28  0.20 (4.26) 0.10 
(0.77)
 1.94 
(0.87)
 5.26 
BAFAX  0.65  0.28  0.20 (4.20) 0.13 
(0.77)
 1.96 
(0.88)
 5.28 
BAGAX  0.74  0.34  0.29  63.78  0.00 
(0.92)
 2.01 
(0.83)
 5.18 
BAFYX  0.82  0.30  0.13 (1.54) 0.73 
(1.04)
 2.10 
(1.61)
 6.48 
BAFZX  0.26  0.02 (0.31)(1.06) 0.25 
(0.31)
 0.45 
(0.56)
 1.36 

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