Bbh Intermediate Correlations

BBINX Fund

USD 10.22 0.01 0.1%

The current 90-days correlation between Bbh Intermediate Mun and Goldman Sachs Mlp is -0.18 (i.e., Good 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

Good diversification

The correlation between Bbh Intermediate Municipal and DJI is -0.12 (i.e., Good 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 board of governors.

Moving together with Bbh Mutual Fund

0.83	BBBMX	Bbh Limited Duration	Pair Corr
0.85	BBBIX	Bbh Limited Duration	Pair Corr
0.79	BBHLX	Bbh Partner Fund	Pair Corr
1.0	BBIIX	Bbh Intermediate Mun	Pair Corr
0.91	BBNIX	Bbh Income Fund	Pair Corr
0.93	VWITX	Vanguard Intermediate-ter	Pair Corr
0.93	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.88	AFTEX	Tax Exempt Bond	Pair Corr
0.88	AFTFX	Tax Exempt Bond	Pair Corr
0.84	TEBCX	Tax Exempt Bond	Pair Corr
0.88	TEAFX	Tax Exempt Bond	Pair Corr
0.89	TFEBX	Tax Exempt Bond	Pair Corr
0.98	FLTMX	Fidelity Intermediate	Pair Corr
0.81	MDNLX	Blackrock National	Pair Corr
0.75	MFNLX	Blackrock Natl Muni	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr
0.83	DLDFX	Destinations Low Duration	Pair Corr
0.75	ARBOX	Absolute Convertible	Pair Corr
0.87	PUCAX	Prudential Unconstrained	Pair Corr
0.77	LIRRX	Lord Abbett International	Pair Corr
0.81	DBIWX	Dws Global Macro	Pair Corr
0.79	VTAPX	Vanguard Short Term	Pair Corr
0.61	SGDLX	Sprott Gold Equity	Pair Corr
0.85	USGDX	Morgan Stanley Government	Pair Corr
0.73	HTD	John Hancock Tax	Pair Corr
0.83	ABNOX	Ab Bond Inflation	Pair Corr
0.77	VWICX	Vanguard International	Pair Corr
0.81	MEERX	Massmutual Premier	Pair Corr
0.85	HRBDX	Harbor Bond Fund	Pair Corr
0.85	TIMUX	Transamerica Intermediate	Pair Corr
0.73	CIHCX	Cullen International High	Pair Corr
0.84	VSGDX	Vanguard Short Term	Pair Corr
0.77	RIGEX	International Growth And	Pair Corr
0.75	EPDPX	Europac International	Pair Corr

Moving against Bbh Mutual Fund

0.32

BBMIX

Bbh Select Series

Pair Corr

Related Correlations Analysis

	GLEAX	VENAX	FRNRX	XGNTX	HNRGX	SMAPX	FIKAX
GLEAX		0.94	0.88	0.55	0.94	0.99	0.93	GLEAX
VENAX	0.94		0.91	0.56	0.99	0.94	0.96	VENAX
FRNRX	0.88	0.91		0.67	0.92	0.87	0.89	FRNRX
XGNTX	0.55	0.56	0.67		0.61	0.51	0.42	XGNTX
HNRGX	0.94	0.99	0.92	0.61		0.93	0.96	HNRGX
SMAPX	0.99	0.94	0.87	0.51	0.93		0.92	SMAPX
FIKAX	0.93	0.96	0.89	0.42	0.96	0.92		FIKAX
	GLEAX	VENAX	FRNRX	XGNTX	HNRGX	SMAPX	FIKAX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLEAX	1.01	0.16	0.11	0.22	1.23	(1.09)	1.92	(1.86)	6.59
VENAX	0.94	0.15	0.10	0.25	1.33	(0.91)	2.08	(2.19)	6.05
FRNRX	0.85	0.10	0.08	(2.08)	1.14	(0.90)	1.72	(1.97)	4.96
XGNTX	0.53	0.11	0.13	(2.34)	0.69	(0.60)	1.26	(1.00)	3.07
HNRGX	0.83	0.17	0.12	0.28	1.16	(0.82)	1.80	(1.95)	5.81
SMAPX	1.07	0.16	0.11	0.23	1.39	(1.21)	2.13	(1.84)	7.93
FIKAX	0.95	0.14	0.09	0.21	1.43	(0.94)	1.80	(2.54)	6.59

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