Brandes Emerging Correlations

BEMIX Fund  USD 8.73  0.06  0.69%   
The current 90-days correlation between Brandes Emerging Markets and Baron Emerging Markets is -0.1 (i.e., Good 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

Average diversification

The correlation between Brandes Emerging Markets and DJI is 0.18 (i.e., Average 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

  0.98BEMCX Brandes Emerging MarketsPairCorr
  0.98BEMAX Brandes Emerging MarketsPairCorr
  0.93BEMRX Brandes Emerging MarketsPairCorr
  0.71BIERX Brandes InternationalPairCorr
  0.69BIECX Brandes InternationalPairCorr
  0.7BIEAX Brandes InternationalPairCorr
  0.72BIIEX Brandes InternationalPairCorr
  0.65BISRX Brandes InternationalPairCorr
  0.9VEMAX Vanguard Emerging MarketsPairCorr
  0.92VEIEX Vanguard Emerging MarketsPairCorr
  0.92VEMIX Vanguard Emerging MarketsPairCorr
  0.92VEMRX Vanguard Emerging MarketsPairCorr
  0.94FWWNX American Funds NewPairCorr
  0.94FNFWX American Funds NewPairCorr
  0.84NEWFX New World FundPairCorr
  0.91NWFFX New World FundPairCorr
  0.84NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr

Moving against Brandes Mutual Fund

  0.44BSCMX Brandes Small CapPairCorr
  0.44BSCAX Brandes Small CapPairCorr
  0.39BSCRX Brandes Small CapPairCorr
  0.4DIS Walt DisneyPairCorr
  0.39WMT Walmart Aggressive PushPairCorr
  0.39TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.36T ATT Inc Aggressive PushPairCorr
  0.36JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr

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   
ADAIXBIIEX
BIIEXBEXIX
BIIEXBISMX
ADAIXBEXIX
BISMXBEXIX
ADAIXBISMX
  
High negative correlations   
GIOIXBIIEX
ADAIXGIOIX
GIOIXBEXIX
GIOIXBISMX

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.