Brandes International Correlations

BISAX Fund

USD 18.96 0.10 0.53%

The current 90-days correlation between Brandes International and Brandes Small Cap is -0.07 (i.e., Good diversification). The correlation of Brandes International 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 International Correlation With Market

Weak diversification

The correlation between Brandes International Small and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes International Small 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 International Small. 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

0.71	BEMCX	Brandes Emerging Markets	Pair Corr
0.7	BEMAX	Brandes Emerging Markets	Pair Corr
0.74	BIERX	Brandes International	Pair Corr
0.73	BIECX	Brandes International	Pair Corr
0.74	BIEAX	Brandes International	Pair Corr
0.76	BIIEX	Brandes International	Pair Corr
1.0	BINCX	Brandes International	Pair Corr
1.0	BISMX	Brandes International	Pair Corr
1.0	BISRX	Brandes International	Pair Corr
0.75	DISVX	Dfa International Small	Pair Corr
0.82	DFVQX	Dfa International Vector	Pair Corr
0.76	FMNEX	Free Market International	Pair Corr
0.73	OANEX	Oakmark International	Pair Corr
0.71	KGGIX	Kopernik Global All	Pair Corr
0.71	KGGAX	Kopernik Global All	Pair Corr
0.73	OAZEX	Oakmark International	Pair Corr
0.73	OAKEX	Oakmark International	Pair Corr
0.73	OAYEX	Oakmark International	Pair Corr
0.74	BTMPX	Ishares Msci Eafe	Pair Corr
0.65	BTMKX	Blackrock International	Pair Corr
0.74	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Brandes Mutual Fund

0.53	FMFFX	Fs Managed Futures	Pair Corr
0.38	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.33	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.32	SPMPX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	BSCRX	BSCAX	BCPIX	BCPAX	BEMIX	BEMCX	BEMAX	BEMRX	BGEAX	BGVIX
BSCRX		0.97	-0.59	-0.6	-0.19	-0.25	-0.23	-0.23	0.61	0.61	BSCRX
BSCAX	0.97		-0.6	-0.61	-0.2	-0.24	-0.22	-0.21	0.66	0.66	BSCAX
BCPIX	-0.59	-0.6		0.97	-0.16	-0.06	-0.08	-0.09	-0.48	-0.49	BCPIX
BCPAX	-0.6	-0.61	0.97		-0.12	-0.02	-0.04	-0.04	-0.47	-0.48	BCPAX
BEMIX	-0.19	-0.2	-0.16	-0.12		0.95	0.95	0.95	0.49	0.48	BEMIX
BEMCX	-0.25	-0.24	-0.06	-0.02	0.95		1.0	1.0	0.51	0.5	BEMCX
BEMAX	-0.23	-0.22	-0.08	-0.04	0.95	1.0		1.0	0.52	0.52	BEMAX
BEMRX	-0.23	-0.21	-0.09	-0.04	0.95	1.0	1.0		0.52	0.52	BEMRX
BGEAX	0.61	0.66	-0.48	-0.47	0.49	0.51	0.52	0.52		1.0	BGEAX
BGVIX	0.61	0.66	-0.49	-0.48	0.48	0.5	0.52	0.52	1.0		BGVIX
	BSCRX	BSCAX	BCPIX	BCPAX	BEMIX	BEMCX	BEMAX	BEMRX	BGEAX	BGVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BEMAX	+ 1.0	BEMCX
BEMRX	+ 1.0	BEMCX
BEMRX	+ 1.0	BEMAX
BGVIX	+ 1.0	BGEAX
BSCAX	+ 0.97	BSCRX
BCPAX	+ 0.97	BCPIX

High negative correlations

BCPAX	- 0.61	BSCAX
BCPIX	- 0.6	BSCAX
BCPAX	- 0.6	BSCRX
BCPIX	- 0.59	BSCRX
BGVIX	- 0.49	BCPIX
BGVIX	- 0.48	BCPAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSCRX	0.84	0.16	0.07	0.98	0.68	(1.07)	2.15	(1.39)	5.61
BSCAX	0.85	0.04	0.06	0.14	0.70	(1.10)	2.14	(1.39)	5.77
BCPIX	0.21	(0.01)	0.00	0.25	0.00	0.00	0.47	(0.48)	1.17
BCPAX	0.20	(0.02)	0.00	(0.33)	0.00	0.00	0.48	(0.48)	1.09
BEMIX	0.77	0.01	(0.10)	(0.01)	0.95	(0.86)	1.57	(1.75)	5.51
BEMCX	0.77	(0.04)	(0.10)	(0.02)	0.96	(0.85)	1.60	(1.77)	5.83
BEMAX	0.75	(0.04)	(0.10)	0.00	0.91	(0.86)	1.58	(1.64)	5.67
BEMRX	0.74	(0.03)	(0.10)	0.00	0.92	(0.85)	1.55	(1.62)	5.69
BGEAX	0.53	(0.05)	(0.12)	0.02	0.62	(0.62)	1.28	(1.13)	3.31
BGVIX	0.52	(0.05)	(0.12)	0.03	0.63	(0.60)	1.30	(1.11)	3.30

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC