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 0.13 (i.e., Average 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 0.14 (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

  0.92BCPRX Brandes E PlusPairCorr
  0.92BCPIX Brandes E PlusPairCorr
  0.74BEMIX Brandes Emerging MarketsPairCorr
  0.75BEMCX Brandes Emerging MarketsPairCorr
  0.75BEMAX Brandes Emerging MarketsPairCorr
  0.74BEMRX Brandes Emerging MarketsPairCorr
  0.83BGEAX Brandes Global EquityPairCorr
  0.8BGVIX Brandes Global EquityPairCorr
  0.83BGVCX Brandes Global EquityPairCorr
  0.8BIERX Brandes InternationalPairCorr
  0.81BIECX Brandes InternationalPairCorr
  0.8BIEAX Brandes InternationalPairCorr
  0.8BIIEX Brandes InternationalPairCorr
  0.79BINCX Brandes InternationalPairCorr
  0.78BISMX Brandes InternationalPairCorr
  0.78BISAX Brandes InternationalPairCorr
  0.78BISRX Brandes InternationalPairCorr
  0.9SMARX Brandes SeparatelyPairCorr
  0.9MWTNX Metropolitan West TotalPairCorr
  0.91MWTSX Metropolitan West TotalPairCorr
  0.92PTTPX Pimco Total ReturnPairCorr
  0.92PTRRX Total ReturnPairCorr
  0.92PTRAX Total ReturnPairCorr
  0.92PTTRX Total ReturnPairCorr
  0.93FIWGX Strategic AdvisersPairCorr
  0.94DODIX Dodge IncomePairCorr
  0.91MWTIX Metropolitan West TotalPairCorr
  0.93MWTRX Metropolitan West TotalPairCorr
  0.81VTISX Vanguard Total InterPairCorr
  0.81VTSNX Vanguard Total InterPairCorr
  0.81VTPSX Vanguard Total InterPairCorr

Moving against Brandes Mutual Fund

  0.35BSCMX Brandes Small CapPairCorr

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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