Brandes Emerging Correlations

BEMRX Fund  USD 8.81  0.06  0.69%   
The current 90-days correlation between Brandes Emerging Markets and Dimensional Retirement Income is 0.36 (i.e., Weak 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 metropolitan statistical area.

Moving together with Brandes Mutual Fund

  0.95BEMIX Brandes Emerging MarketsPairCorr
  1.0BEMCX Brandes Emerging MarketsPairCorr
  1.0BEMAX Brandes Emerging MarketsPairCorr
  0.63BIERX Brandes InternationalPairCorr
  0.61BIECX Brandes InternationalPairCorr
  0.62BIEAX Brandes InternationalPairCorr
  0.65BIIEX Brandes InternationalPairCorr
  0.65BINCX Brandes InternationalPairCorr
  0.7BISMX Brandes InternationalPairCorr
  0.67BISAX Brandes InternationalPairCorr
  0.67BISRX Brandes InternationalPairCorr
  0.94VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.94FWWNX American Funds NewPairCorr
  0.94FNFWX American Funds NewPairCorr
  0.95NEWFX New World FundPairCorr
  0.95NWFFX New World FundPairCorr
  0.94NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr

Moving against Brandes Mutual Fund

  0.52PG Procter GamblePairCorr

Related Correlations Analysis

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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.