Brown Advisory Correlations

BAQAX Fund

USD 15.65 0.06 0.38%

The current 90-days correlation between Brown Advisory and Brown Advisory is 0.21 (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 weak diversification

The correlation between Brown Advisory and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Advisory 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 . 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 nation.

Moving together with Brown Mutual Fund

0.72	BAFAX	Brown Advisory Flexible	Pair Corr
0.61	BAFQX	Brown Advisory	Pair Corr
0.69	BASAX	Brown Advisory Small	Pair Corr
0.65	BAWAX	Brown Advisory Susta	Pair Corr
0.74	BIALX	Brown Advisory Global	Pair Corr
0.65	BIAWX	Brown Advisory Susta	Pair Corr
0.61	BIAQX	Brown Advisory	Pair Corr
0.79	BIASX	Brown Advisory Small	Pair Corr
0.93	VEMAX	Vanguard Emerging Markets	Pair Corr

Moving against Brown Mutual Fund

0.61	BIAGX	Brown Advisory Growth	Pair Corr
0.43	BAFMX	Brown Advisory Mid	Pair Corr
0.41	BAGAX	Brown Advisory Growth	Pair Corr
0.49	ODVYX	Oppenheimer Developing	Pair Corr
0.48	USPSX	Profunds Ultrashort	Pair Corr
0.43	BMIDX	Brown Advisory Mid	Pair Corr

Related Correlations Analysis

	BIAHX	BAHAX	EEMAX	BCX	HIIDX	QUSOX	QUSIX	EKWDX	BICSX	GWGVX
BIAHX		1.0	0.84	0.7	0.94	0.68	0.68	0.87	0.57	0.67	BIAHX
BAHAX	1.0		0.84	0.7	0.94	0.68	0.68	0.87	0.57	0.67	BAHAX
EEMAX	0.84	0.84		0.63	0.95	0.68	0.68	0.63	0.54	0.61	EEMAX
BCX	0.7	0.7	0.63		0.71	0.84	0.84	0.61	0.86	0.95	BCX
HIIDX	0.94	0.94	0.95	0.71		0.73	0.73	0.77	0.61	0.69	HIIDX
QUSOX	0.68	0.68	0.68	0.84	0.73		1.0	0.42	0.78	0.89	QUSOX
QUSIX	0.68	0.68	0.68	0.84	0.73	1.0		0.42	0.78	0.89	QUSIX
EKWDX	0.87	0.87	0.63	0.61	0.77	0.42	0.42		0.44	0.5	EKWDX
BICSX	0.57	0.57	0.54	0.86	0.61	0.78	0.78	0.44		0.84	BICSX
GWGVX	0.67	0.67	0.61	0.95	0.69	0.89	0.89	0.5	0.84		GWGVX
	BIAHX	BAHAX	EEMAX	BCX	HIIDX	QUSOX	QUSIX	EKWDX	BICSX	GWGVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BIAHX	0.58	0.15	0.19	0.34	0.09	(0.72)	1.23	(0.93)	8.14
BAHAX	0.58	0.15	0.19	0.35	0.09	(0.72)	1.25	(0.95)	8.14
EEMAX	0.79	0.20	0.18	0.79	0.48	(1.01)	1.74	(1.14)	4.95
BCX	0.86	0.27	0.24	0.53	0.53	(1.02)	2.06	(1.23)	4.96
HIIDX	0.60	0.13	0.16	0.26	0.36	(0.72)	1.33	(1.12)	6.19
QUSOX	0.47	0.03	(0.03)	0.17	0.49	(0.51)	0.99	(0.88)	2.68
QUSIX	0.47	0.04	(0.02)	0.17	0.48	(0.54)	0.99	(0.89)	2.64
EKWDX	1.03	0.40	0.26	1.93	0.48	(1.71)	2.77	(1.31)	7.30
BICSX	0.77	0.16	0.08	0.82	0.87	(0.85)	1.49	(1.47)	3.86
GWGVX	0.78	0.10	0.09	0.20	0.77	(0.87)	1.65	(1.35)	4.05

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