Brown Advisory Correlations

Mutual Funds . USA . 
Fund . Brown Advisory Small Cap
BIAUX Fund  USD 35.84  0.06  0.17%   
The current 90-days correlation between Brown Advisory Small and Great West Real Estate is 0.24 (i.e., Modest 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

Very poor diversification

The correlation between Brown Advisory Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Small Cap 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 Small Cap. 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 employment.

Moving together with Brown Mutual Fund

  0.92BAFMX Brown Advisory MidPairCorr
  0.71BAFLX Brown Advisory GlobalPairCorr
  0.9BAFGX Brown Advisory GrowthPairCorr
  0.93BAFFX Brown Advisory FlexiblePairCorr
  0.93BAFAX Brown Advisory FlexiblePairCorr
  0.9BAGAX Brown Advisory GrowthPairCorr
  0.99BAFYX Brown Advisory FundsPairCorr
  0.84BAFWX Brown Advisory SustaPairCorr
  0.96BAFSX Brown Advisory SmallPairCorr
  0.96BASAX Brown Advisory SmallPairCorr
  1.0BAUAX Brown Advisory SmallPairCorr
  1.0BAUUX Brown Advisory SmallPairCorr
  0.84BAWAX Brown Advisory SustaPairCorr
  0.71BIALX Brown Advisory GlobalPairCorr
  0.9BIAGX Brown Advisory GrowthPairCorr
  0.93BIAFX Brown Advisory FlexiblePairCorr
  0.98BIAYX Brown Advisory FundsPairCorr
  0.7BIAVX Brown AdvisoryPairCorr
  0.84BIAWX Brown Advisory SustaPairCorr
  0.96BIASX Brown Advisory SmallPairCorr
  0.92BMIDX Brown Advisory MidPairCorr
  0.96VSMAX Vanguard Small CapPairCorr
  0.96VSCIX Vanguard Small CapPairCorr
  0.96VSCPX Vanguard Small CapPairCorr

Moving against Brown Mutual Fund

  0.54BAIAX Brown Advisory InterPairCorr
  0.53BASBX Brown Advisory SustaPairCorr
  0.5BAFZX Brown Advisory MortgagePairCorr
  0.44BAFHX Brown AdvisoryPairCorr
  0.44BAHAX Brown AdvisoryPairCorr
  0.53BIAIX Brown Advisory InterPairCorr
  0.51BIAZX Brown Advisory MortgagePairCorr
  0.44BIAHX Brown AdvisoryPairCorr
  0.45CIFRX Columbia Porate IncomePairCorr
  0.4LIIAX Columbia Porate IncomePairCorr
  0.39SRINX Columbia Porate IncomePairCorr

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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