Brandes Global Correlations

Mutual Funds . USA . 
Fund . Brandes Global Equity
BGVIX Fund  USD 32.17  0.25  0.77%   
The current 90-days correlation between Brandes Global Equity and Scout E Bond is 0.24 (i.e., Modest 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

Poor diversification

The correlation between Brandes Global Equity and DJI is 0.68 (i.e., Poor 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 gross domestic product.

Moving together with Brandes Mutual Fund

  0.87BCPRX Brandes E PlusPairCorr
  0.87BCPIX Brandes E PlusPairCorr
  0.89BCPAX Brandes E PlusPairCorr
  0.93BEMIX Brandes Emerging MarketsPairCorr
  0.93BEMCX Brandes Emerging MarketsPairCorr
  0.93BEMAX Brandes Emerging MarketsPairCorr
  0.93BEMRX Brandes Emerging MarketsPairCorr
  1.0BGEAX Brandes Global EquityPairCorr
  1.0BGVCX Brandes Global EquityPairCorr
  0.97BIERX Brandes InternationalPairCorr
  0.97BIECX Brandes InternationalPairCorr
  0.97BIEAX Brandes InternationalPairCorr
  0.97BIIEX Brandes InternationalPairCorr
  0.96BINCX Brandes InternationalPairCorr
  0.96BISMX Brandes InternationalPairCorr
  0.96BISAX Brandes InternationalPairCorr
  0.96BISRX Brandes InternationalPairCorr
  0.89SMARX Brandes SeparatelyPairCorr
  0.78TEDRX Franklin Mutual GlobalPairCorr
  0.8FMDRX Franklin Mutual GlobalPairCorr
  0.65DOXWX Dodge Cox GlobalPairCorr
  0.65DODWX Dodge Global StockPairCorr
  0.85TRZRX T Rowe PricePairCorr
  0.79TEDIX Franklin Mutual GlobalPairCorr
  0.8MDISX Franklin Mutual GlobalPairCorr
  0.78TEDSX Franklin Mutual GlobalPairCorr
  0.84PRAFX T Rowe PricePairCorr
  0.84BEGRX Franklin Mutual BeaconPairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.86SRINX Columbia Porate IncomePairCorr
  0.79MCNAX Madison ConservativePairCorr
  0.99TIEUX International EquityPairCorr

Moving against Brandes Mutual Fund

  0.52WRHIX Ivy High IncomePairCorr
  0.43WHIAX Ivy High IncomePairCorr
  0.37IVHIX Ivy High IncomePairCorr
  0.36IHIFX Ivy High IncomePairCorr

Related Correlations Analysis

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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.

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