Brown Advisory Correlations
| BTEIX Fund | USD 9.38 0.01 0.11% |
The current 90-days correlation between Brown Advisory Tax and Putnam Global Health is 0.34 (i.e., Weak 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
Average diversification
The correlation between Brown Advisory Tax Exempt and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
BROWN |
Moving together with BROWN Mutual Fund
| 0.74 | BAFHX | Brown Advisory | PairCorr |
| 0.61 | BAFFX | Brown Advisory Flexible | PairCorr |
| 0.61 | BAFAX | Brown Advisory Flexible | PairCorr |
| 0.91 | BAFZX | Brown Advisory Mortgage | PairCorr |
| 0.68 | BAFQX | Brown Advisory | PairCorr |
| 0.75 | BAHAX | Brown Advisory | PairCorr |
| 0.92 | BAISX | Brown Advisory Susta | PairCorr |
| 0.89 | BAIAX | Brown Advisory Inter | PairCorr |
| 0.68 | BAQAX | Brown Advisory | PairCorr |
| 0.92 | BASBX | Brown Advisory Susta | PairCorr |
| 0.89 | BIAIX | Brown Advisory Inter | PairCorr |
| 0.74 | BIAHX | Brown Advisory | PairCorr |
| 1.0 | BIAEX | Brown Advisory Tax | PairCorr |
| 0.61 | BIAFX | Brown Advisory Flexible | PairCorr |
| 0.91 | BIAZX | Brown Advisory Mortgage | PairCorr |
| 0.68 | BIAQX | Brown Advisory | PairCorr |
| 0.99 | BIAMX | Brown Advisory Maryland | PairCorr |
| 1.0 | BITEX | Brown Advisory Tax | PairCorr |
| 0.99 | VWITX | Vanguard Intermediate-ter | PairCorr |
Related Correlations Analysis
| 0.29 | 0.89 | 0.74 | 0.87 | 0.82 | PGHAX | ||
| 0.29 | 0.42 | 0.76 | 0.53 | 0.56 | HHCZX | ||
| 0.89 | 0.42 | 0.83 | 0.95 | 0.82 | LOGSX | ||
| 0.74 | 0.76 | 0.83 | 0.88 | 0.92 | BHCHX | ||
| 0.87 | 0.53 | 0.95 | 0.88 | 0.87 | XXGRX | ||
| 0.82 | 0.56 | 0.82 | 0.92 | 0.87 | LHCCX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGHAX | 0.61 | 0.00 | 0.02 | (0.02) | 0.77 | 1.32 | 3.28 | |||
| HHCZX | 0.14 | (0.01) | 0.00 | (0.14) | 0.00 | 0.30 | 0.91 | |||
| LOGSX | 0.63 | (0.04) | 0.00 | (0.08) | 0.00 | 1.18 | 3.69 | |||
| BHCHX | 0.62 | (0.04) | 0.00 | (0.10) | 0.00 | 1.19 | 3.97 | |||
| XXGRX | 0.78 | (0.01) | 0.00 | (0.04) | 0.00 | 1.51 | 4.50 | |||
| LHCCX | 0.76 | (0.02) | 0.00 | (0.06) | 0.00 | 1.41 | 4.79 |