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 -0.09 (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

Good diversification

The correlation between Brandes Emerging Markets and DJI is -0.01 (i.e., Good 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

  0.87VEMAX Vanguard Emerging MarketsPairCorr
  0.91VEIEX Vanguard Emerging MarketsPairCorr
  0.91VEMIX Vanguard Emerging MarketsPairCorr
  0.91VEMRX Vanguard Emerging MarketsPairCorr
  0.91FWWNX American Funds NewPairCorr
  0.92FNFWX American Funds NewPairCorr
  0.92NEWFX New World FundPairCorr
  0.92NWFFX New World FundPairCorr
  0.92NEWCX New World FundPairCorr
  0.93ODVYX Oppenheimer DevelopingPairCorr
  0.83DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr

Moving against Brandes Mutual Fund

  0.47PG Procter GamblePairCorr
  0.35BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr

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.