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 -0.05 (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 -0.05 (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

  1.0BEMIX Brandes Emerging MarketsPairCorr
  0.95BEMCX Brandes Emerging MarketsPairCorr
  0.95BEMAX Brandes Emerging MarketsPairCorr
  0.69BISMX Brandes InternationalPairCorr
  0.69BISRX Brandes InternationalPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.93VEIEX Vanguard Emerging MarketsPairCorr
  0.93VEMIX Vanguard Emerging MarketsPairCorr
  0.93VEMRX Vanguard Emerging MarketsPairCorr
  0.95FWWNX American Funds NewPairCorr
  0.95FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.88NWFFX New World FundPairCorr
  0.88NEWCX New World FundPairCorr
  0.89ODVYX Oppenheimer DevelopingPairCorr
  0.69VGTSX Vanguard Total InterPairCorr
  0.69VTIAX Vanguard Total InterPairCorr

Moving against Brandes Mutual Fund

  0.55PG 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   
BCPAXBCPRX
BEMAXBEMCX
BSCAXBSCRX
BSCAXBSCMX
BCPIXBCPRX
BCPAXBCPIX
  
High negative correlations   
BCPAXBSCMX
BCPRXBSCMX
BCPAXBSCAX
BCPRXBSCAX
BCPIXBSCMX
BCPAXBSCRX

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.