The Brown Correlations

BCSVX Fund

USD 24.15 0.04 0.17%

The current 90-days correlation between Brown Capital and Df Dent Midcap is 0.04 (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

Good diversification

The correlation between The Brown Capital and DJI is -0.04 (i.e., Good 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 real.

Moving together with The Mutual Fund

0.84	BCIIX	Brown Capital Potential Growth	Pair Corr
0.87	BCISX	Brown Capital	Pair Corr
1.0	BCSFX	Brown Capital	Pair Corr
0.7	TIDDX	T Rowe Price	Pair Corr
0.61	FSMMX	Fs Multi Strategy	Pair Corr
0.73	BTMPX	Ishares Msci Eafe	Pair Corr
0.71	BTMKX	Blackrock International	Pair Corr
0.71	MDIIX	Blackrock Intern Index	Pair Corr
0.73	DFIEX	International E Equity	Pair Corr
0.66	EHI	Western Asset Global	Pair Corr
0.71	ETHIX	Eaton Vance High	Pair Corr
0.8	ETW	Eaton Vance Tax	Pair Corr
0.72	PFIEX	International Equity	Pair Corr
0.62	SEKAX	Deutsche Emerging Markets	Pair Corr
0.73	PHYTX	High Yield Fund	Pair Corr
0.64	FRQIX	Fidelity Income Repl	Pair Corr
0.71	MSYLX	High Yield Portfolio	Pair Corr
0.62	PONRX	Pimco Income	Pair Corr

Moving against The Mutual Fund

0.41	RYARX	Inverse Sp 500	Pair Corr
0.43	PSTIX	Stocksplus Tr Short	Pair Corr

Related Correlations Analysis

	DFDMX	BEXFX	ARTYX	HFQTX	BGAFX
DFDMX		0.24	0.37	0.26	0.19	DFDMX
BEXFX	0.24		0.84	0.68	0.53	BEXFX
ARTYX	0.37	0.84		0.81	0.71	ARTYX
HFQTX	0.26	0.68	0.81		0.64	HFQTX
BGAFX	0.19	0.53	0.71	0.64		BGAFX
	DFDMX	BEXFX	ARTYX	HFQTX	BGAFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
DFDMX	0.69	(0.02)	0.00	(0.05)	0.00	0.00	1.35	(1.39)	5.26
BEXFX	0.66	0.00	0.02	(0.02)	1.00	(0.58)	1.34	(1.75)	3.84
ARTYX	0.87	0.04	0.05	0.36	1.16	(0.84)	1.92	(1.67)	4.61
HFQTX	0.40	0.10	0.19	0.24	0.35	(0.50)	0.81	(0.66)	2.46
BGAFX	1.05	0.06	0.04	0.09	1.42	(1.05)	2.40	(2.27)	9.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC