Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Flexible
BIAFX Fund  USD 40.76  0.73  1.82%   
The current 90-days correlation between Brown Advisory Flexible and Blackrock Health Sciences is 0.69 (i.e., Poor diversification). The correlation of Brown Advisory 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.

Brown Advisory Correlation With Market

Poor diversification

The correlation between Brown Advisory Flexible and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Flexible 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 Brown Advisory Flexible. 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 census.

Moving together with Brown Mutual Fund

  0.97BAFMX Brown Advisory MidPairCorr
  0.9BAFLX Brown Advisory GlobalPairCorr
  0.94BAFGX Brown Advisory GrowthPairCorr
  1.0BAFFX Brown Advisory FlexiblePairCorr
  1.0BAFAX Brown Advisory FlexiblePairCorr
  0.94BAGAX Brown Advisory GrowthPairCorr
  0.98BAFYX Brown Advisory FundsPairCorr
  0.9BAFWX Brown Advisory SustaPairCorr
  0.98BAFSX Brown Advisory SmallPairCorr
  0.98BASAX Brown Advisory SmallPairCorr
  0.87BAUAX Brown Advisory SmallPairCorr
  0.88BAUUX Brown Advisory SmallPairCorr
  0.9BAWAX Brown Advisory SustaPairCorr
  0.87BVALX Brown AdvisoryPairCorr
  0.91BIALX Brown Advisory GlobalPairCorr
  0.94BIAGX Brown Advisory GrowthPairCorr
  0.98BIAYX Brown Advisory FundsPairCorr
  0.87BIAVX Brown AdvisoryPairCorr
  0.9BIAWX Brown Advisory SustaPairCorr
  0.87BIAUX Brown Advisory SmallPairCorr
  0.98BIASX Brown Advisory SmallPairCorr
  0.97BMIDX Brown Advisory MidPairCorr
  0.9FAFGX American FundsPairCorr

Moving against Brown Mutual Fund

  0.55BAFHX Brown AdvisoryPairCorr
  0.55BAHAX Brown AdvisoryPairCorr
  0.52BIAHX Brown AdvisoryPairCorr
  0.48BAIAX Brown Advisory InterPairCorr
  0.47BAFZX Brown Advisory MortgagePairCorr
  0.47BIAIX Brown Advisory InterPairCorr
  0.46BASBX Brown Advisory SustaPairCorr
  0.42BAISX Brown Advisory SustaPairCorr
  0.47BIAZX Brown Advisory MortgagePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Brown Mutual Fund performing well and Brown Advisory 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 Brown Advisory'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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