Brandes Core Correlations

Mutual Funds . USA . 
Fund . Brandes E Plus
BCPAX Fund  USD 8.31  0.01  0.12%   
The current 90-days correlation between Brandes E Plus and Calvert Bond Portfolio is 0.96 (i.e., Almost no 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brandes E Plus. 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 Brandes Mutual Fund

  1.0BCPRX Brandes E PlusPairCorr
  0.96BCPIX Brandes E PlusPairCorr
  0.76BEMIX Brandes Emerging MarketsPairCorr
  0.77BEMCX Brandes Emerging MarketsPairCorr
  0.77BEMAX Brandes Emerging MarketsPairCorr
  0.76BEMRX Brandes Emerging MarketsPairCorr
  0.85BGEAX Brandes Global EquityPairCorr
  0.83BGVIX Brandes Global EquityPairCorr
  0.86BGVCX Brandes Global EquityPairCorr
  0.89BIERX Brandes InternationalPairCorr
  0.89BIECX Brandes InternationalPairCorr
  0.88BIEAX Brandes InternationalPairCorr
  0.88BIIEX Brandes InternationalPairCorr
  0.88BINCX Brandes InternationalPairCorr
  0.88BISMX Brandes InternationalPairCorr
  0.88BISAX Brandes InternationalPairCorr
  0.88BISRX Brandes InternationalPairCorr
  0.99SMARX Brandes SeparatelyPairCorr
  0.95MWTNX Metropolitan West TotalPairCorr
  0.96MWTSX Metropolitan West TotalPairCorr
  1.0PTTPX Pimco Total ReturnPairCorr
  1.0PTRRX Total ReturnPairCorr
  1.0PTRAX Total ReturnPairCorr
  1.0PTTRX Total ReturnPairCorr
  1.0FIWGX Strategic AdvisersPairCorr
  0.98DODIX Dodge IncomePairCorr
  0.96MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.85VTISX Vanguard Total InterPairCorr
  0.86VTSNX Vanguard Total InterPairCorr
  0.85VTPSX Vanguard Total InterPairCorr

Moving against Brandes Mutual Fund

  0.41BSCMX Brandes Small CapPairCorr
  0.41BSCAX Brandes Small CapPairCorr
  0.33BSCRX Brandes Small CapPairCorr
  0.39VSTSX Vanguard Total StockPairCorr
  0.39VSMPX Vanguard Total StockPairCorr
  0.39VITSX Vanguard Total StockPairCorr
  0.38VINIX Vanguard InstitutionalPairCorr
  0.35VFFSX Vanguard 500 IndexPairCorr
  0.33VTSAX Vanguard Total StockPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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