The Brown Correlations

BCSSX Fund

USD 46.49 0.08 0.17%

The current 90-days correlation between Brown Capital and Pimco Moditiesplus Strategy is 0.01 (i.e., Significant diversification). The correlation of The Brown 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.

The Brown Correlation With Market

Poor diversification

The correlation between The Brown Capital and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Brown Capital 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 The Brown Capital. 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 state.

Moving together with The Mutual Fund

1.0	BCSIX	Brown Capital	Pair Corr
0.81	KINAX	Kinetics Internet	Pair Corr
0.9	VSGAX	Vanguard Small Cap	Pair Corr
0.93	VSGIX	Vanguard Small Cap	Pair Corr
0.93	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.86	JGMIX	Janus Triton	Pair Corr
0.87	JGMRX	Janus Triton	Pair Corr
0.86	JGMAX	Janus Triton	Pair Corr
0.87	JGMCX	Janus Triton	Pair Corr
0.82	JGMNX	Janus Triton	Pair Corr

Moving against The Mutual Fund

0.9	IFTAX	Vy Templeton Foreign	Pair Corr
0.89	PLCCX	Pimco Low Duration	Pair Corr
0.87	WUSDX	Wells Fargo Ultra	Pair Corr
0.87	GSACX	Goldman Sachs Asia	Pair Corr
0.87	PIMIX	Pimco Income	Pair Corr
0.86	DFGBX	Dfa Five Year	Pair Corr
0.81	NERIX	Neuberger Berman Emerging	Pair Corr
0.74	HDVRX	Hartford International	Pair Corr
0.7	NHS	Neuberger Berman High	Pair Corr
0.67	MEMGX	Mfs Emerging Markets	Pair Corr
0.66	BUFIX	Buffalo International	Pair Corr
0.6	EXOSX	Overseas Series Class	Pair Corr
0.51	KTXIX	Kansas Tax	Pair Corr
0.41	PCOXX	Money Market Obligations	Pair Corr
0.37	IQRIX	Acr International Quality	Pair Corr
0.87	AMUSX	Us Government Securities	Pair Corr
0.85	VFIIX	Vanguard Gnma	Pair Corr
0.85	ABNDX	Bond Fund	Pair Corr
0.82	FOINX	Income Fund Institutional	Pair Corr
0.73	JSIMX	Jpmorgan Unconstrained	Pair Corr
0.73	NCMFX	Virtus Multi Sector	Pair Corr

Related Correlations Analysis

	PCLPX	FMIYX	CSDIX	NFFFX	GICIX
PCLPX		0.34	0.11	-0.01	0.12	PCLPX
FMIYX	0.34		0.82	0.64	0.67	FMIYX
CSDIX	0.11	0.82		0.65	0.77	CSDIX
NFFFX	-0.01	0.64	0.65		0.54	NFFFX
GICIX	0.12	0.67	0.77	0.54		GICIX
	PCLPX	FMIYX	CSDIX	NFFFX	GICIX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CSDIX	+ 0.82	FMIYX
GICIX	+ 0.77	CSDIX
GICIX	+ 0.67	FMIYX
NFFFX	+ 0.65	CSDIX
NFFFX	+ 0.64	FMIYX
GICIX	+ 0.54	NFFFX

High negative correlations

NFFFX

- 0.01

PCLPX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Brown 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 The Brown'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
PCLPX	0.55	0.03	0.13	2.30	0.69	(0.56)	0.92	(1.34)	4.40
FMIYX	0.57	0.01	0.00	(0.05)	0.00	0.00	1.16	(1.30)	3.57
CSDIX	0.88	0.02	0.00	(0.04)	0.00	0.00	1.59	(1.75)	4.82
NFFFX	0.68	(0.04)	0.00	0.38	0.00	0.00	1.24	(1.64)	5.22
GICIX	0.64	0.11	0.16	0.12	0.77	(0.65)	1.56	(1.64)	4.42

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