Brown Advisory Correlations

BTEIX Fund

USD 9.23 0.02 0.22%

The current 90-days correlation between Brown Advisory Tax and Barings High Yield is 0.33 (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 0.15 (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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brown Advisory Tax Exempt. 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 gross domestic product.

Moving together with Brown Mutual Fund

0.78	BAFZX	Brown Advisory Mortgage	Pair Corr
0.8	BAISX	Brown Advisory Susta	Pair Corr
0.69	BAIAX	Brown Advisory Inter	Pair Corr
0.8	BASBX	Brown Advisory Susta	Pair Corr
0.76	BIAIX	Brown Advisory Inter	Pair Corr
1.0	BIAEX	Brown Advisory Tax	Pair Corr
0.77	BIAZX	Brown Advisory Mortgage	Pair Corr
1.0	BIAMX	Brown Advisory Maryland	Pair Corr
0.93	BITEX	Brown Advisory Tax	Pair Corr
1.0	VWITX	Vanguard Intermediate-ter	Pair Corr
1.0	VWIUX	Vanguard Intermediate-ter	Pair Corr

Moving against Brown Mutual Fund

0.39	BAWAX	Brown Advisory Susta	Pair Corr
0.38	BAFWX	Brown Advisory Susta	Pair Corr
0.36	BAUAX	Brown Advisory Small	Pair Corr
0.35	BAUUX	Brown Advisory Small	Pair Corr
0.71	PQTAX	Pimco Trends Managed	Pair Corr
0.71	PQTNX	Pimco Trends Managed	Pair Corr
0.54	GPMFX	Guidepath Managed Futures	Pair Corr
0.38	BIAWX	Brown Advisory Susta	Pair Corr

Related Correlations Analysis

	BXHCX	AGDZX	GHVIX	AHYMX	MRHYX	PHDTX
BXHCX		0.99	0.8	0.81	0.94	0.79	BXHCX
AGDZX	0.99		0.78	0.84	0.91	0.8	AGDZX
GHVIX	0.8	0.78		0.87	0.74	0.98	GHVIX
AHYMX	0.81	0.84	0.87		0.68	0.91	AHYMX
MRHYX	0.94	0.91	0.74	0.68		0.72	MRHYX
PHDTX	0.79	0.8	0.98	0.91	0.72		PHDTX
	BXHCX	AGDZX	GHVIX	AHYMX	MRHYX	PHDTX

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
BXHCX	0.13	0.01	0.04	(0.46)	0.00	(0.20)	0.49	(0.25)	1.00
AGDZX	0.14	0.01	0.05	(0.50)	0.00	(0.24)	0.57	(0.28)	1.01
GHVIX	0.16	0.01	0.02	(0.16)	0.15	(0.17)	0.30	(0.35)	1.01
AHYMX	0.13	(0.01)	(0.04)	0.22	0.15	(0.18)	0.22	(0.33)	0.76
MRHYX	0.12	0.01	0.04	(6.79)	0.00	(0.18)	0.24	(0.24)	0.95
PHDTX	0.12	0.01	0.03	(0.63)	0.05	(0.16)	0.23	(0.23)	0.79

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