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 -0.05 (i.e., Good 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 |
0.69 | BEMIX | Brandes Emerging Markets | PairCorr |
0.77 | BEMCX | Brandes Emerging Markets | PairCorr |
0.74 | BEMAX | Brandes Emerging Markets | PairCorr |
0.66 | BEMRX | Brandes Emerging Markets | PairCorr |
0.86 | BGEAX | Brandes Global Equity | PairCorr |
0.85 | BGVIX | Brandes Global Equity | PairCorr |
0.85 | BGVCX | Brandes Global Equity | PairCorr |
0.86 | BIERX | Brandes International | PairCorr |
0.86 | BIECX | Brandes International | PairCorr |
0.88 | BIEAX | Brandes International | PairCorr |
0.82 | BIIEX | Brandes International | PairCorr |
0.88 | BINCX | Brandes International | PairCorr |
0.84 | BISMX | Brandes International | PairCorr |
0.85 | BISAX | Brandes International | PairCorr |
0.85 | BISRX | Brandes International | PairCorr |
0.96 | SMARX | Brandes Separately | PairCorr |
0.94 | MWTNX | Metropolitan West Total | PairCorr |
0.94 | MWTSX | Metropolitan West Total | PairCorr |
0.93 | PTTPX | Pimco Total Return | PairCorr |
0.92 | PTRRX | Total Return | PairCorr |
0.93 | PTRAX | Total Return | PairCorr |
0.93 | PTTRX | Total Return | PairCorr |
0.94 | FIWGX | Strategic Advisers | PairCorr |
0.93 | DODIX | Dodge Income | PairCorr |
0.94 | MWTIX | Metropolitan West Total | PairCorr |
0.93 | MWTRX | Metropolitan West Total | PairCorr |
0.75 | VTISX | Vanguard Total Inter | PairCorr |
0.79 | VTSNX | Vanguard Total Inter | PairCorr |
0.75 | VTPSX | Vanguard Total Inter | PairCorr |
Moving against Brandes Mutual Fund
0.39 | BSCRX | Brandes Small Cap | PairCorr |
0.33 | BSCAX | Brandes Small Cap | PairCorr |
0.32 | BSCMX | Brandes Small Cap | PairCorr |
0.4 | VINIX | Vanguard Institutional | PairCorr |
0.39 | VSTSX | Vanguard Total Stock | PairCorr |
0.39 | VSMPX | Vanguard Total Stock | PairCorr |
0.39 | VITSX | Vanguard Total Stock | PairCorr |
0.35 | VFFSX | Vanguard 500 Index | PairCorr |
0.35 | VFIAX | Vanguard 500 Index | PairCorr |
0.33 | VTSAX | Vanguard Total Stock | PairCorr |
Related Correlations Analysis
0.57 | 0.83 | 0.62 | 0.75 | 0.51 | TSDCX | ||
0.57 | 0.79 | 0.73 | 0.77 | 0.45 | DSDYX | ||
0.83 | 0.79 | 0.8 | 0.94 | 0.52 | DODFX | ||
0.62 | 0.73 | 0.8 | 0.63 | 0.09 | ARTNX | ||
0.75 | 0.77 | 0.94 | 0.63 | 0.61 | RBCIX | ||
0.51 | 0.45 | 0.52 | 0.09 | 0.61 | 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 | 0.05 | 0.01 | 0.83 | (0.79) | 0.00 | 0.11 | 0.66 | |||
DSDYX | 0.18 | (0.01) | 0.00 | (0.42) | 0.00 | 0.34 | 1.48 | |||
DODFX | 0.66 | 0.08 | 0.19 | (0.80) | 0.77 | 1.29 | 4.77 | |||
ARTNX | 0.63 | (0.01) | 0.10 | 0.01 | 0.85 | 1.22 | 3.96 | |||
RBCIX | 1.33 | 0.25 | 0.18 | 0.73 | 1.35 | 2.72 | 10.09 | |||
SMNIX | 0.44 | 0.01 | 0.22 | (0.18) | 0.42 | 1.00 | 2.62 |