Brandes Emerging Correlations

BEMRX Fund  USD 8.75  0.07  0.81%   
The current 90-days correlation between Brandes Emerging Markets and Brandes Small Cap is -0.06 (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

Modest diversification

The correlation between Brandes Emerging Markets and DJI is 0.2 (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 metropolitan statistical area.

Moving together with Brandes Mutual Fund

  0.95BEMIX Brandes Emerging MarketsPairCorr
  1.0BEMCX Brandes Emerging MarketsPairCorr
  1.0BEMAX Brandes Emerging MarketsPairCorr
  0.62BIERX Brandes InternationalPairCorr
  0.61BIEAX Brandes InternationalPairCorr
  0.64BIIEX Brandes InternationalPairCorr
  0.67BINCX Brandes InternationalPairCorr
  0.7BISMX Brandes InternationalPairCorr
  0.69BISAX Brandes InternationalPairCorr
  0.69BISRX Brandes InternationalPairCorr
  0.94VEMAX Vanguard Emerging MarketsPairCorr
  0.97VEIEX Vanguard Emerging MarketsPairCorr
  0.97VEMIX Vanguard Emerging MarketsPairCorr
  0.97VEMRX Vanguard Emerging MarketsPairCorr
  0.93FWWNX American Funds NewPairCorr
  0.93FNFWX American Funds NewPairCorr
  0.95NEWFX New World FundPairCorr
  0.95NWFFX New World FundPairCorr
  0.95NEWCX New World FundPairCorr
  0.95ODVYX Oppenheimer DevelopingPairCorr
  0.8VGTSX Vanguard Total InterPairCorr
  0.8VTIAX Vanguard Total InterPairCorr

Moving against Brandes Mutual Fund

  0.53PG Procter Gamble Sell-off TrendPairCorr

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   
BSCAXBSCRX
BCPAXBCPRX
BEMAXBEMCX
BSCMXBSCRX
BSCAXBSCMX
BCPIXBCPRX
  
High negative correlations   
BCPAXBSCMX
BCPRXBSCMX
BCPAXBSCRX
BCPAXBSCAX
BCPRXBSCAX
BCPIXBSCMX

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.