Brandes Emerging Correlations

BEMIX Fund  USD 8.60  0.04  0.47%   
The current 90-days correlation between Brandes Emerging Markets and Baron Emerging Markets is 0.86 (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

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

  0.93VEMAX Vanguard Emerging MarketsPairCorr
  0.92VEIEX Vanguard Emerging MarketsPairCorr
  0.91VEMIX Vanguard Emerging MarketsPairCorr
  0.91VEMRX Vanguard Emerging MarketsPairCorr
  0.95FWWNX American Funds NewPairCorr
  0.95FNFWX American Funds NewPairCorr
  0.87NEWFX New World FundPairCorr
  0.87NWFFX New World FundPairCorr
  0.86NEWCX New World FundPairCorr
  0.89ODVYX Oppenheimer DevelopingPairCorr
  0.87PDI Pimco Dynamic IncomePairCorr
  0.61GE GE Aerospace Downward RallyPairCorr
  0.7MCD McDonalds Fiscal Year End 3rd of February 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
BIIEXBISMX
BISMXBEXIX
BIIEXBEXIX
ADAIXBEXIX
ADAIXBISMX
  
High negative correlations   
GIOIXBIIEX
ADAIXGIOIX
GIOIXBEXIX

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.