The Brown Correlations

Mutual Funds . USA . 
Fund . The Brown Capital
BCSSX Fund  USD 83.71  0.04  0.05%   
The current 90-days correlation between Brown Capital and Pimco Moditiesplus Strategy is -0.02 (i.e., Good 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 0.82 (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 state.

Moving together with The Mutual Fund

  0.97BCSIX Brown CapitalPairCorr
  0.94KINAX Kinetics InternetPairCorr
  0.97VSGAX Vanguard Small CapPairCorr
  0.97VSGIX Vanguard Small CapPairCorr
  0.97VISGX Vanguard Small CapPairCorr
  0.96VEXPX Vanguard ExplorerPairCorr
  0.96VEXRX Vanguard ExplorerPairCorr
  0.95JGMIX Janus TritonPairCorr
  0.95JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.95KNPAX Kinetics ParadigmPairCorr
  0.95KSCOX Kinetics Small CapPairCorr
  0.94KSOCX Kinetics Small CapPairCorr
  0.95WWNPX Kinetics ParadigmPairCorr
  0.95KNPCX Kinetics ParadigmPairCorr
  0.95KINCX Kinetics InternetPairCorr
  0.94KMKCX Kinetics Market OppoPairCorr
  0.95LSHUX Horizon Spin OffPairCorr
  0.89AMEIX Equity GrowthPairCorr
  0.95LGSCX Qs Small CapitalizationPairCorr
  0.84VFIAX Vanguard 500 IndexPairCorr
  0.88USA Liberty All StarPairCorr
  0.94AMGOX Alger Mid CapPairCorr
  0.86CCLFX Cliffwater CorporatePairCorr
  0.81PGWTX Putnam Focused EquityPairCorr
  0.95FTZFX Fuller Thaler BehavioralPairCorr
  0.88PRCOX T Rowe PricePairCorr
  0.66WSTAX Ivy Science AndPairCorr
  0.89SPE Special OpportunitiesPairCorr
  0.77JILGX Multimanager LifestylePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
NFFFX
+ 0.74
PCLPX
GICIX
+ 0.68
NFFFX
NFFFX
+ 0.47
FMIYX
GICIX
+ 0.47
FMIYX
GICIX
+ 0.4
CSDIX
FMIYX
+ 0.29
PCLPX
  
High negative correlations   
CSDIX
- 0.08
PCLPX

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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