Brandywineglobal Correlations

BCAAX Fund

USD 10.58 0.02 0.19%

The current 90-days correlation between Brandywineglobal C and Invesco Global Health is 0.25 (i.e., Modest diversification). The correlation of Brandywineglobal 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.

Brandywineglobal Correlation With Market

Very weak diversification

The correlation between Brandywineglobal Corporate and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandywineglobal Corporate 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 Brandywineglobal Corporate. 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 Brandywineglobal Mutual Fund

0.83	TEBIX	Franklin Mutual Beacon	Pair Corr
0.64	TEDMX	Templeton Developing	Pair Corr
0.7	TEDIX	Franklin Mutual Global	Pair Corr
0.7	TEDSX	Franklin Mutual Global	Pair Corr
0.7	TEDRX	Franklin Mutual Global	Pair Corr
0.7	TEGBX	Templeton Global Bond	Pair Corr
0.72	TEGRX	Templeton Growth	Pair Corr
0.73	TEMEX	Franklin Mutual Beacon	Pair Corr
0.63	TEMTX	Franklin Mutual Shares	Pair Corr
0.78	TEMQX	Mutual Quest	Pair Corr
0.71	FQCTX	Franklin Necticut Tax	Pair Corr
0.8	FQCHX	Franklin Templeton Smacs	Pair Corr
0.78	TEQIX	Franklin Mutual Quest	Pair Corr
0.73	TEPLX	Templeton Growth	Pair Corr
0.64	TESIX	Franklin Mutual Shares	Pair Corr
0.66	TESRX	Franklin Mutual Shares	Pair Corr
0.83	LGGAX	Clearbridge International	Pair Corr
0.67	LGIEX	Qs International Equity	Pair Corr
0.73	FQLAX	Franklin Louisiana Tax	Pair Corr
0.68	FQNCX	Franklin North Carolina	Pair Corr
0.7	FQMDX	Franklin Maryland Tax	Pair Corr
0.71	WAARX	Western Asset Total	Pair Corr
0.77	FQTEX	Franklin Strategic Series	Pair Corr

Related Correlations Analysis

	GTHCX	HGHYX	SWHFX	LOGSX	SUHIX	LYFAX	PJHRX
GTHCX		0.88	0.65	0.65	0.92	0.81	0.18	GTHCX
HGHYX	0.88		0.56	0.65	0.82	0.84	0.32	HGHYX
SWHFX	0.65	0.56		0.77	0.83	0.91	-0.07	SWHFX
LOGSX	0.65	0.65	0.77		0.78	0.83	0.12	LOGSX
SUHIX	0.92	0.82	0.83	0.78		0.92	0.07	SUHIX
LYFAX	0.81	0.84	0.91	0.83	0.92		0.13	LYFAX
PJHRX	0.18	0.32	-0.07	0.12	0.07	0.13		PJHRX
	GTHCX	HGHYX	SWHFX	LOGSX	SUHIX	LYFAX	PJHRX

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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

SUHIX	+ 0.92	GTHCX
LYFAX	+ 0.92	SUHIX
LYFAX	+ 0.91	SWHFX
HGHYX	+ 0.88	GTHCX
LYFAX	+ 0.84	HGHYX
SUHIX	+ 0.83	SWHFX

High negative correlations

PJHRX

- 0.07

SWHFX

Risk-Adjusted Indicators

There is a big difference between Brandywineglobal Mutual Fund performing well and Brandywineglobal 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 Brandywineglobal'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
GTHCX	0.67	0.08	0.10	0.08	0.72	(0.72)	1.39	(1.22)	4.61
HGHYX	0.69	0.01	0.05	(0.08)	0.77	(0.81)	1.41	(1.17)	4.37
SWHFX	0.60	0.07	0.15	(0.43)	0.53	(0.69)	1.29	(1.11)	3.30
LOGSX	0.67	0.01	0.04	(0.09)	0.89	(0.69)	1.18	(1.14)	3.69
SUHIX	0.64	0.08	0.12	0.10	0.63	(0.72)	1.29	(1.14)	3.73
LYFAX	0.61	0.03	0.08	(0.21)	0.66	(0.65)	1.22	(1.18)	3.27
PJHRX	1.07	(0.25)	0.00	0.61	0.00	0.00	1.79	(1.89)	13.41

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