Brandes Core Correlations

BCPRX Fund

USD 8.42 0.01 0.12%

The current 90-days correlation between Brandes E Plus and Ridgeworth Seix Government is 0.52 (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

Very good diversification

The correlation between Brandes E Plus and DJI is -0.21 (i.e., Very good 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 metropolitan statistical area.

Moving together with Brandes Mutual Fund

0.96	BCPIX	Brandes E Plus	Pair Corr
1.0	BCPAX	Brandes E Plus	Pair Corr
0.75	BEMIX	Brandes Emerging Markets	Pair Corr
0.75	BEMCX	Brandes Emerging Markets	Pair Corr
0.75	BEMAX	Brandes Emerging Markets	Pair Corr
0.75	BEMRX	Brandes Emerging Markets	Pair Corr
0.84	BGEAX	Brandes Global Equity	Pair Corr
0.81	BGVIX	Brandes Global Equity	Pair Corr
0.84	BGVCX	Brandes Global Equity	Pair Corr
0.88	BIERX	Brandes International	Pair Corr
0.88	BIECX	Brandes International	Pair Corr
0.88	BIEAX	Brandes International	Pair Corr
0.87	BIIEX	Brandes International	Pair Corr
0.88	BINCX	Brandes International	Pair Corr
0.88	BISMX	Brandes International	Pair Corr
0.88	BISAX	Brandes International	Pair Corr
0.88	BISRX	Brandes International	Pair Corr
0.95	SMARX	Brandes Separately	Pair Corr
0.95	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.96	PTRRX	Total Return	Pair Corr
0.96	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
0.96	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.91	BXECX	Barings Emerging Markets	Pair Corr
0.91	BXEIX	Barings Emerging Markets	Pair Corr
0.91	BXEAX	Barings Emerging Markets	Pair Corr
0.88	HLDIX	Hartford Emerging	Pair Corr
0.89	HLDRX	Hartford Emerging	Pair Corr
0.88	HLDAX	Hartford Emerging	Pair Corr

Moving against Brandes Mutual Fund

0.5	BSCMX	Brandes Small Cap	Pair Corr
0.5	BSCAX	Brandes Small Cap	Pair Corr
0.41	BSCRX	Brandes Small Cap	Pair Corr

Related Correlations Analysis

	SIGVX	MXDQX	WMBDX	RFBAX	PYUSX	CGTFX	BIGLX	VSBIX
SIGVX		0.82	0.82	0.96	0.91	0.85	0.82	0.96	SIGVX
MXDQX	0.82		0.96	0.91	0.9	0.99	0.99	0.9	MXDQX
WMBDX	0.82	0.96		0.9	0.92	0.95	0.96	0.85	WMBDX
RFBAX	0.96	0.91	0.9		0.93	0.93	0.9	0.96	RFBAX
PYUSX	0.91	0.9	0.92	0.93		0.93	0.9	0.94	PYUSX
CGTFX	0.85	0.99	0.95	0.93	0.93		0.99	0.93	CGTFX
BIGLX	0.82	0.99	0.96	0.9	0.9	0.99		0.89	BIGLX
VSBIX	0.96	0.9	0.85	0.96	0.94	0.93	0.89		VSBIX
	SIGVX	MXDQX	WMBDX	RFBAX	PYUSX	CGTFX	BIGLX	VSBIX

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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
SIGVX	0.06	0.01	0.80	(0.82)	0.00	(0.17)	0.10	(0.10)	0.61
MXDQX	0.22	0.01	0.27	0.31	0.21	(0.29)	0.50	(0.38)	1.26
WMBDX	0.25	0.00	0.22	(0.03)	0.26	(0.32)	0.63	(0.51)	1.43
RFBAX	0.09	0.01	0.41	(1.81)	0.00	(0.24)	0.20	(0.20)	0.59
PYUSX	0.12	0.00	0.48	(0.22)	0.02	(0.18)	0.32	(0.21)	0.74
CGTFX	0.26	0.02	0.27	0.35	0.25	(0.30)	0.60	(0.43)	1.55
BIGLX	0.26	0.01	0.20	0.11	0.30	(0.32)	0.56	(0.55)	1.58
VSBIX	0.07	0.01	0.96	4.86	0.00	(0.08)	0.16	(0.12)	0.33

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