Brown Advisory Correlations

BAFGX Fund

USD 32.88 0.18 0.55%

The current 90-days correlation between Brown Advisory Growth and Health Biotchnology Portfolio is 0.66 (i.e., Poor 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

Poor diversification

The correlation between Brown Advisory Growth and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Growth 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 Growth. 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 price.

Moving together with Brown Mutual Fund

0.97	BAWAX	Brown Advisory Susta	Pair Corr
0.97	BIAWX	Brown Advisory Susta	Pair Corr
0.96	FAFGX	American Funds	Pair Corr
0.96	FFAFX	American Funds	Pair Corr
0.96	GFACX	Growth Fund	Pair Corr
0.96	GFAFX	Growth Fund	Pair Corr
0.96	AGTHX	Growth Fund	Pair Corr
0.96	CGFFX	Growth Fund	Pair Corr
0.96	CGFCX	Growth Fund	Pair Corr
0.96	CGFAX	Growth Fund	Pair Corr
0.96	CGFEX	Growth Fund	Pair Corr
0.96	RGAEX	Growth Fund	Pair Corr
0.91	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.91	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.87	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.87	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.91	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.87	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.91	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.91	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.91	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.91	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	CII	Blackrock Enhanced	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.86	BDJ	Blackrock Enhanced Equity	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Brown Mutual Fund

0.64	BAFHX	Brown Advisory	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.31	RBCUX	Tax Exempt Bond	Pair Corr

Related Correlations Analysis

	SHPCX	AHSCX	LHCCX	LOGSX	SHISX	BHSRX	RAGHX	BHCHX
SHPCX		0.68	0.7	0.99	0.84	0.84	0.84	0.79	SHPCX
AHSCX	0.68		0.89	0.71	0.6	0.6	0.54	0.59	AHSCX
LHCCX	0.7	0.89		0.72	0.59	0.58	0.53	0.66	LHCCX
LOGSX	0.99	0.71	0.72		0.81	0.81	0.8	0.74	LOGSX
SHISX	0.84	0.6	0.59	0.81		1.0	0.98	0.95	SHISX
BHSRX	0.84	0.6	0.58	0.81	1.0		0.98	0.95	BHSRX
RAGHX	0.84	0.54	0.53	0.8	0.98	0.98		0.93	RAGHX
BHCHX	0.79	0.59	0.66	0.74	0.95	0.95	0.93		BHCHX
	SHPCX	AHSCX	LHCCX	LOGSX	SHISX	BHSRX	RAGHX	BHCHX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHPCX	0.62	(0.16)	0.00	(0.15)	0.00	0.00	0.96	(1.23)	4.21
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
LHCCX	0.76	(0.10)	(0.12)	0.00	1.01	(0.82)	1.50	(1.57)	5.15
LOGSX	0.61	(0.15)	0.00	(0.12)	0.00	0.00	1.02	(1.16)	3.97
SHISX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.90	(1.31)	3.38
BHSRX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.91	(1.31)	3.39
RAGHX	0.63	(0.17)	0.00	(0.11)	0.00	0.00	0.96	(1.37)	3.33
BHCHX	0.66	(0.13)	0.00	(0.06)	0.00	0.00	1.27	(1.32)	4.20

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