Bbh Intermediate Correlations

Mutual Funds . USA . 
Fund . Bbh Intermediate Municipal
BBIIX Fund  USD 10.33  0.01  0.1%   
The current 90-days correlation between Bbh Intermediate Mun and Metropolitan West High is 0.77 (i.e., Poor diversification). The correlation of Bbh Intermediate 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.

Bbh Intermediate Correlation With Market

Average diversification

The correlation between Bbh Intermediate Municipal and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bbh Intermediate Municipal 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 Bbh Intermediate Municipal. 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 Bbh Mutual Fund

  0.68BBHLX Bbh Partner FundPairCorr
  0.94BBINX Bbh Intermediate MunPairCorr
  0.95VWITX Vanguard Intermediate-terPairCorr
  0.99VWIUX Vanguard IntermediatePairCorr
  0.89AFTEX Tax Exempt BondPairCorr
  0.94AFTFX Tax Exempt BondPairCorr
  0.85TEBCX Tax Exempt BondPairCorr
  0.94TEAFX Tax Exempt BondPairCorr
  0.96TFEBX Tax Exempt BondPairCorr
  0.96FLTMX Fidelity IntermediatePairCorr
  0.89MDNLX Blackrock NationalPairCorr
  0.84MFNLX Blackrock Natl MuniPairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.66BTSIX Bts Managed IncomePairCorr
  0.81DIEFX Destinations InternationalPairCorr
  0.63JAACX Alternative AssetPairCorr
  0.66MFIRX Ms Global FixedPairCorr
  0.66VESIX Vanguard European StockPairCorr
  0.82PZVNX Pzena International ValuePairCorr
  0.89SHDAX Legg Mason WesternPairCorr
  0.94PDVAX Diversified IncomePairCorr
  0.84REIFX Rems International RealPairCorr
  0.82BSIIX Blackrock StrategicPairCorr
  0.75TIERX Tiaa Cref InternationalPairCorr
  0.63AGDZX Ab High IncomePairCorr
  0.68FIGFX Fidelity InternationalPairCorr
  0.77EISAX Eagle International StockPairCorr
  0.94HWDCX Hartford WorldPairCorr
  0.69RRQPX American Funds RetirementPairCorr
  0.75MISAX Victory TrivalentPairCorr

Moving against Bbh Mutual Fund

  0.5RYIFX Guggenheim ManagedPairCorr
  0.4SHRMX Stone Ridge HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Bbh Mutual Fund performing well and Bbh Intermediate 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 Bbh Intermediate'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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