Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Growth
BAGAX Fund  USD 12.93  0.25  1.97%   
The current 90-days correlation between Brown Advisory Growth and Brown Advisory Sustainable is 0.98 (i.e., Almost no 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 0.66 (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 nation.

Moving together with Brown Mutual Fund

  1.0BAFGX Brown Advisory GrowthPairCorr
  0.94BAFFX Brown Advisory FlexiblePairCorr
  0.94BAFAX Brown Advisory FlexiblePairCorr
  0.98BAFWX Brown Advisory SustaPairCorr
  0.96BASAX Brown Advisory SmallPairCorr
  0.94BAUAX Brown Advisory SmallPairCorr
  0.98BAWAX Brown Advisory SustaPairCorr
  0.86BVALX Brown AdvisoryPairCorr
  0.78BIALX Brown Advisory GlobalPairCorr
  1.0BIAGX Brown Advisory GrowthPairCorr
  0.92BIAYX Brown Advisory FundsPairCorr
  0.86BIAVX Brown AdvisoryPairCorr
  0.98BIAWX Brown Advisory SustaPairCorr
  0.94BIAUX Brown Advisory SmallPairCorr
  0.96BIASX Brown Advisory SmallPairCorr
  0.91FAFGX American FundsPairCorr
  0.91FFAFX American FundsPairCorr
  0.9GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.91CGFFX Growth FundPairCorr
  0.9CGFCX Growth FundPairCorr
  0.91CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.91RGAEX Growth FundPairCorr

Moving against Brown Mutual Fund

  0.73BAFHX Brown AdvisoryPairCorr
  0.73BAHAX Brown AdvisoryPairCorr
  0.67BAIAX Brown Advisory InterPairCorr
  0.67BIAIX Brown Advisory InterPairCorr
  0.66BAFZX Brown Advisory MortgagePairCorr
  0.61BASBX Brown Advisory SustaPairCorr
  0.73BIAHX Brown AdvisoryPairCorr
  0.67BIAZX Brown Advisory MortgagePairCorr
  0.66BISMX Brandes InternationalPairCorr
  0.65PSDNX Putnam Ultra ShortPairCorr
  0.64USGDX Morgan Stanley GovernmentPairCorr
  0.61ARBOX Absolute ConvertiblePairCorr
  0.41PFN Pimco Income StrategyPairCorr
  0.41RMDUX American Funds MultiPairCorr

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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