The Brown Correlations

Mutual Funds USA . 
Fund . The Brown Capital
BCIIX Fund  USD 18.10  0.07  0.39%   
The current 90-days correlation between Brown Capital and Siit Emerging Markets is 0.15 (i.e., Average diversification). The correlation of The Brown 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.

The Brown Correlation With Market

Very poor diversification

The correlation between The Brown Capital and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Brown Capital 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 The Brown Capital. 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 The Mutual Fund

  1.0BCISX Brown CapitalPairCorr
  0.96BCSVX Brown CapitalPairCorr
  0.91BCSSX Brown CapitalPairCorr
  0.91BCSIX Brown CapitalPairCorr
  0.94BCSFX Brown CapitalPairCorr
  0.85KINAX Kinetics InternetPairCorr
  0.99RERFX Europacific GrowthPairCorr
  0.99AEPFX Europacific GrowthPairCorr
  0.93CEUAX Europacific GrowthPairCorr
  0.98CEUCX Europacific GrowthPairCorr
  0.98RERCX Europacific GrowthPairCorr
  0.98REREX Europacific GrowthPairCorr
  0.99RERGX Europacific GrowthPairCorr
  0.98CEUFX Europacific GrowthPairCorr
  0.93CEUEX Europacific GrowthPairCorr
  0.98RERAX Europacific GrowthPairCorr
  0.96DXQLX Direxion Monthly NasdaqPairCorr
  0.89RYVLX Nasdaq 100 2xPairCorr
  0.94RYVYX Nasdaq 100 2xPairCorr
  0.94UOPIX Ultra Nasdaq 100PairCorr
  0.94RYCCX Nasdaq 100 2xPairCorr
  0.94UOPSX Ultranasdaq 100 ProfundPairCorr
  0.96INPIX Internet UltrasectorPairCorr
  0.92INPSX Internet UltrasectorPairCorr
  0.96CIHIX Cullen International HighPairCorr
  0.85LSYIX Lord Abbett ShortPairCorr
  0.97BKAPX Blackrock 8020 TargetPairCorr
  0.79UTAWX Enrolled InvestmentPairCorr
  0.93FFTYX Ab Flexfee ThematicPairCorr
  0.94ICMPX Lazard InternationalPairCorr
  0.96SCGSX Deutsche Capital GrowthPairCorr
  0.9JCLCX Multimanager LifestylePairCorr
  0.96JGINX Janus Growth AndPairCorr
  0.97IISNX Voya Index SolutionPairCorr
  0.97MIDJX Mfs International NewPairCorr
  0.7PSIQX Short Term IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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