Brandes Core Correlations
BCPAX Fund | USD 8.31 0.01 0.12% |
The current 90-days correlation between Brandes E Plus and Touchstone Ultra Short is 0.45 (i.e., Very weak diversification). The correlation of Brandes Core 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.
Brandes Core Correlation With Market
Average diversification
The correlation between Brandes E Plus and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes E Plus and DJI in the same portfolio, assuming nothing else is changed.
Brandes |
Moving together with Brandes Mutual Fund
0.95 | BCPRX | Brandes E Plus | PairCorr |
1.0 | BCPIX | Brandes E Plus | PairCorr |
0.77 | BEMIX | Brandes Emerging Markets | PairCorr |
0.77 | BEMCX | Brandes Emerging Markets | PairCorr |
0.77 | BEMAX | Brandes Emerging Markets | PairCorr |
0.77 | BEMRX | Brandes Emerging Markets | PairCorr |
0.86 | BGEAX | Brandes Global Equity | PairCorr |
0.85 | BGVIX | Brandes Global Equity | PairCorr |
0.86 | BGVCX | Brandes Global Equity | PairCorr |
0.88 | BIERX | Brandes International | PairCorr |
0.89 | BIECX | Brandes International | PairCorr |
0.88 | BIEAX | Brandes International | PairCorr |
0.89 | BIIEX | Brandes International | PairCorr |
0.88 | BINCX | Brandes International | PairCorr |
0.88 | BISMX | Brandes International | PairCorr |
0.88 | BISAX | Brandes International | PairCorr |
0.88 | BISRX | Brandes International | PairCorr |
0.96 | SMARX | Brandes Separately | PairCorr |
0.95 | MWTNX | Metropolitan West Total | PairCorr |
0.96 | MWTSX | Metropolitan West Total | PairCorr |
0.96 | PTTPX | Pimco Total Return | PairCorr |
0.96 | PTRRX | Total Return | PairCorr |
0.96 | PTRAX | Total Return | PairCorr |
0.96 | PTTRX | Total Return | PairCorr |
0.95 | FIWGX | Strategic Advisers | PairCorr |
0.94 | DODIX | Dodge Income | PairCorr |
0.96 | MWTIX | Metropolitan West Total | PairCorr |
0.95 | MWTRX | Metropolitan West Total | PairCorr |
0.86 | VTISX | Vanguard Total Inter | PairCorr |
0.86 | VTSNX | Vanguard Total Inter | PairCorr |
0.86 | VTPSX | Vanguard Total Inter | PairCorr |
Moving against Brandes Mutual Fund
0.33 | BSCAX | Brandes Small Cap | PairCorr |
0.32 | BSCMX | Brandes Small Cap | PairCorr |
0.39 | VITSX | Vanguard Total Stock | PairCorr |
0.38 | VTSAX | Vanguard Total Stock | PairCorr |
0.35 | VFIAX | Vanguard 500 Index | PairCorr |
0.33 | VSTSX | Vanguard Total Stock | PairCorr |
0.33 | VSMPX | Vanguard Total Stock | PairCorr |
0.33 | VINIX | Vanguard Institutional | PairCorr |
Related Correlations Analysis
0.76 | 0.89 | 0.68 | 0.79 | 0.5 | TSDCX | ||
0.76 | 0.82 | 0.69 | 0.8 | 0.51 | DSDYX | ||
0.89 | 0.82 | 0.79 | 0.94 | 0.47 | DODFX | ||
0.68 | 0.69 | 0.79 | 0.63 | 0.01 | ARTNX | ||
0.79 | 0.8 | 0.94 | 0.63 | 0.56 | RBCIX | ||
0.5 | 0.51 | 0.47 | 0.01 | 0.56 | SMNIX | ||
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Risk-Adjusted Indicators
There is a big difference between Brandes Mutual Fund performing well and Brandes Core 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 Brandes Core'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TSDCX | 0.06 | 0.01 | 0.85 | 0.70 | 0.00 | 0.33 | 0.66 | |||
DSDYX | 0.18 | 0.01 | 0.37 | 0.22 | 0.19 | 0.40 | 1.48 | |||
DODFX | 0.63 | 0.22 | 0.30 | 0.49 | 0.57 | 1.30 | 4.77 | |||
ARTNX | 0.58 | 0.14 | 0.23 | 0.19 | 0.64 | 1.99 | 3.96 | |||
RBCIX | 1.22 | 0.30 | 0.22 | 1.00 | 1.17 | 2.72 | 7.76 | |||
SMNIX | 0.45 | 0.00 | 0.19 | (0.07) | 0.46 | 1.11 | 2.62 |