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 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.
  
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

  0.95BCPRX Brandes E PlusPairCorr
  1.0BCPIX Brandes E PlusPairCorr
  0.77BEMIX Brandes Emerging MarketsPairCorr
  0.77BEMCX Brandes Emerging MarketsPairCorr
  0.77BEMAX Brandes Emerging MarketsPairCorr
  0.77BEMRX Brandes Emerging MarketsPairCorr
  0.86BGEAX Brandes Global EquityPairCorr
  0.85BGVIX Brandes Global EquityPairCorr
  0.86BGVCX Brandes Global EquityPairCorr
  0.88BIERX Brandes InternationalPairCorr
  0.89BIECX Brandes InternationalPairCorr
  0.88BIEAX Brandes InternationalPairCorr
  0.89BIIEX Brandes InternationalPairCorr
  0.88BINCX Brandes InternationalPairCorr
  0.88BISMX Brandes InternationalPairCorr
  0.88BISAX Brandes InternationalPairCorr
  0.88BISRX Brandes InternationalPairCorr
  0.96SMARX Brandes SeparatelyPairCorr
  0.95MWTNX Metropolitan West TotalPairCorr
  0.96MWTSX Metropolitan West TotalPairCorr
  0.96PTTPX Pimco Total ReturnPairCorr
  0.96PTRRX Total ReturnPairCorr
  0.96PTRAX Total ReturnPairCorr
  0.96PTTRX Total ReturnPairCorr
  0.95FIWGX Strategic AdvisersPairCorr
  0.94DODIX Dodge IncomePairCorr
  0.96MWTIX Metropolitan West TotalPairCorr
  0.95MWTRX Metropolitan West TotalPairCorr
  0.86VTISX Vanguard Total InterPairCorr
  0.86VTSNX Vanguard Total InterPairCorr
  0.86VTPSX Vanguard Total InterPairCorr

Moving against Brandes Mutual Fund

  0.33BSCAX Brandes Small CapPairCorr
  0.32BSCMX Brandes Small CapPairCorr
  0.39VITSX Vanguard Total StockPairCorr
  0.38VTSAX Vanguard Total StockPairCorr
  0.35VFIAX Vanguard 500 IndexPairCorr
  0.33VSTSX Vanguard Total StockPairCorr
  0.33VSMPX Vanguard Total StockPairCorr
  0.33VINIX Vanguard InstitutionalPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY