Bbh Income Correlations

BBNIX Fund

USD 8.91 0.01 0.11%

The current 90-days correlation between Bbh Income Fund and T Rowe Price is -0.04 (i.e., Good diversification). The correlation of Bbh Income 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 Income Correlation With Market

Average diversification

The correlation between Bbh Income Fund and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bbh Income Fund 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 Income Fund. 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

0.67	BBHLX	Bbh Partner Fund	Pair Corr
0.81	BBINX	Bbh Intermediate Mun	Pair Corr
0.81	BBIIX	Bbh Intermediate Mun	Pair Corr
0.85	MWTNX	Metropolitan West Total	Pair Corr
0.83	MWTSX	Metropolitan West Total	Pair Corr
0.83	PTTPX	Pimco Total Return	Pair Corr
0.83	PTRRX	Total Return	Pair Corr
0.83	PTRAX	Total Return	Pair Corr
0.83	PTTRX	Total Return	Pair Corr
0.85	FIWGX	Strategic Advisers	Pair Corr
0.86	DODIX	Dodge Income	Pair Corr
0.82	MWTIX	Metropolitan West Total	Pair Corr
0.83	MWTRX	Metropolitan West Total	Pair Corr
0.74	BXECX	Barings Emerging Markets	Pair Corr
0.74	BXEIX	Barings Emerging Markets	Pair Corr
0.73	BXEAX	Barings Emerging Markets	Pair Corr
0.75	HLDIX	Hartford Emerging	Pair Corr
0.76	HLDRX	Hartford Emerging	Pair Corr
0.76	HLDAX	Hartford Emerging	Pair Corr
0.76	HLDCX	Hartford Emerging	Pair Corr
0.74	HLDTX	Hartford Emerging	Pair Corr
0.62	PRIJX	T Rowe Price	Pair Corr
0.74	HBLSX	Hartford Balanced	Pair Corr
0.86	SAMFX	Ridgeworth Seix Total	Pair Corr
0.63	BKMIX	Blackrock Multi Asset	Pair Corr
0.63	FHBRX	Federated High Income	Pair Corr
0.67	GGRPX	Goldman Sachs Modity	Pair Corr
0.85	PDBAX	Prudential Total Return	Pair Corr
0.71	AIDYX	Diversified Municipal	Pair Corr
0.68	NTFAX	Aberdeen Tax Free	Pair Corr
0.87	MBOYX	Madison E Bond	Pair Corr
0.85	FXNAX	Fidelity Bond Index	Pair Corr

Moving against Bbh Mutual Fund

0.57

BBMIX

Bbh Select Series

Pair Corr

Related Correlations Analysis

	PAGLX	JHLGX	FFCGX	MXCAX	TFAGX	GABBX	TAAKX
PAGLX		0.94	0.84	0.64	0.9	0.41	0.85	PAGLX
JHLGX	0.94		0.94	0.61	0.84	0.46	0.85	JHLGX
FFCGX	0.84	0.94		0.43	0.72	0.22	0.66	FFCGX
MXCAX	0.64	0.61	0.43		0.69	0.69	0.76	MXCAX
TFAGX	0.9	0.84	0.72	0.69		0.38	0.79	TFAGX
GABBX	0.41	0.46	0.22	0.69	0.38		0.79	GABBX
TAAKX	0.85	0.85	0.66	0.76	0.79	0.79		TAAKX
	PAGLX	JHLGX	FFCGX	MXCAX	TFAGX	GABBX	TAAKX

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Risk-Adjusted Indicators

There is a big difference between Bbh Mutual Fund performing well and Bbh Income 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 Income'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PAGLX	0.75	(0.03)	(0.11)	1.11	(1.62)	4.65
JHLGX	0.58	(0.01)	(0.08)	1.05	(1.26)	3.49
FFCGX	0.73	0.03	(0.03)	1.37	(1.56)	4.66
MXCAX	0.86	(0.13)	0.78	1.67	(2.37)	5.78
TFAGX	1.00	(0.13)	0.63	1.61	(2.74)	5.37
GABBX	0.81	(0.15)	(0.24)	1.18	(1.65)	12.61
TAAKX	0.84	(0.05)	(0.13)	1.39	(1.78)	5.92

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