Brandes Global Correlations

BGEAX Fund  USD 29.66  2.00  6.32%   
The current 90-days correlation between Brandes Global Equity and The Gabelli Money is -0.18 (i.e., Good diversification). The correlation of Brandes Global 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 Global Correlation With Market

Average diversification

The correlation between Brandes Global Equity and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Global Equity 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 Global Equity. 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 nation.

Moving together with Brandes Mutual Fund

  0.61BSCMX Brandes Small CapPairCorr
  0.74BGVIX Brandes Global EquityPairCorr
  1.0BGVCX Brandes Global EquityPairCorr
  0.72WRHIX Ivy High IncomePairCorr
  0.72WHIAX Ivy High IncomePairCorr
  0.75IHIFX Ivy High IncomePairCorr
  0.73IVHIX Ivy High IncomePairCorr
  0.84RGGEX American Funds GlobalPairCorr
  0.77FZROX Fidelity Zero TotalPairCorr

Moving against Brandes Mutual Fund

  0.44BCPAX Brandes E PlusPairCorr
  0.43BCPIX Brandes E PlusPairCorr
  0.42BCPRX Brandes E PlusPairCorr
  0.36SMARX Brandes SeparatelyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
POIXXGMBXX
GMBXXGABXX
POIXXGABXX
FMVUXSTSEX
FMVUXGMBXX
FMVUXPOIXX
  
High negative correlations   
FMVUXPBMXX
PBMXXPOIXX
PBMXXSTSEX
FMVUXPFCXX
PBMXXPFCXX
POIXXPFCXX

Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Global 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 Global'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.