Brandes Emerging Correlations

Mutual Funds . USA . 
Fund . Brandes Emerging Markets
BEMIX Fund  USD 8.73  0.06  0.69%   
The current 90-days correlation between Brandes Emerging Markets and Baron Emerging Markets is 0.88 (i.e., Very poor diversification). The correlation of Brandes Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Brandes Emerging Markets and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Emerging Markets 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 Emerging Markets. 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 gross domestic product.

Moving together with Brandes Mutual Fund

  1.0BEMCX Brandes Emerging MarketsPairCorr
  1.0BEMAX Brandes Emerging MarketsPairCorr
  1.0BEMRX Brandes Emerging MarketsPairCorr
  0.66BIERX Brandes InternationalPairCorr
  0.63BIECX Brandes InternationalPairCorr
  0.64BIEAX Brandes InternationalPairCorr
  0.68BIIEX Brandes InternationalPairCorr
  0.64BINCX Brandes InternationalPairCorr
  0.65BISMX Brandes InternationalPairCorr
  0.66BISAX Brandes InternationalPairCorr
  0.66BISRX Brandes InternationalPairCorr
  0.97VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.95FWWNX American Funds NewPairCorr
  0.95FNFWX American Funds NewPairCorr
  0.95NEWFX New World FundPairCorr
  0.95NWFFX New World FundPairCorr
  0.95NEWCX New World FundPairCorr
  0.96ODVYX Oppenheimer DevelopingPairCorr

Moving against Brandes Mutual Fund

  0.31DIS Walt DisneyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ADAIX
+ 0.86
BIIEX
BIIEX
+ 0.74
BEXIX
BIIEX
+ 0.72
BISMX
BISMX
+ 0.7
BEXIX
ADAIX
+ 0.65
BEXIX
ADAIX
+ 0.52
BISMX
  
High negative correlations   
ADAIX
- 0.46
GIOIX
GIOIX
- 0.45
BIIEX
GIOIX
- 0.03
BEXIX

Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Emerging 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 Emerging'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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