Brandes Core Correlations

Mutual Funds . USA . 
Fund . Brandes E Plus
BCPAX Fund  USD 8.28  0.02  0.24%   
The current 90-days correlation between Brandes E Plus and Brandes Small Cap is 0.05 (i.e., Significant diversification). The correlation of Brandes Core 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 Core Correlation With Market

Modest diversification

The correlation between Brandes E Plus and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes E Plus 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 E Plus. 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

  0.64BEMIX Brandes Emerging MarketsPairCorr
  0.64BEMCX Brandes Emerging MarketsPairCorr
  0.64BEMAX Brandes Emerging MarketsPairCorr
  0.64BEMRX Brandes Emerging MarketsPairCorr
  0.67BGEAX Brandes Global EquityPairCorr
  0.67BGVIX Brandes Global EquityPairCorr
  0.67BGVCX Brandes Global EquityPairCorr
  0.65BIERX Brandes InternationalPairCorr
  0.64BIECX Brandes InternationalPairCorr
  0.64BIEAX Brandes InternationalPairCorr
  0.64BIIEX Brandes InternationalPairCorr
  0.69BINCX Brandes InternationalPairCorr
  0.69BISMX Brandes InternationalPairCorr
  0.69BISAX Brandes InternationalPairCorr
  0.69BISRX Brandes InternationalPairCorr
  0.94SMARX Brandes SeparatelyPairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.98DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.76HLDIX Hartford EmergingPairCorr
  0.77HLDRX Hartford EmergingPairCorr
  0.77HLDAX Hartford EmergingPairCorr
  0.77HLDCX Hartford EmergingPairCorr
  0.77HLDTX Hartford EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Core 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 Core'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BSCRX  0.90  0.19  0.21  0.33  0.50 
(1.12)
 2.49 
(1.30)
 5.75 
BSCMX  0.90  0.19  0.20  0.33  0.52 
(1.15)
 2.52 
(1.28)
 5.81 
BSCAX  0.89  0.19  0.20  0.33  0.52 
(1.14)
 2.50 
(1.30)
 5.72 
BCPIX  0.24  0.02 (0.40)(0.64) 0.19 
(0.28)
 0.49 
(0.36)
 1.08 
BCPAX  0.24  0.00 (0.40) 0.18  0.21 
(0.27)
 0.37 
(0.48)
 1.09 
BEMIX  0.48  0.24  0.28  0.72  0.00 
(0.65)
 1.55 
(0.92)
 3.22 
BEMCX  0.49  0.24  0.26  0.72  0.00 
(0.64)
 1.57 
(0.93)
 3.05 
BEMAX  0.48  0.24  0.28  0.74  0.00 
(0.64)
 1.68 
(0.84)
 3.25 
BEMRX  0.49  0.24  0.29  0.72  0.00 
(0.63)
 1.53 
(0.93)
 3.12 
BGVIX  0.51  0.11  0.08  0.31  0.41 
(0.59)
 1.41 
(0.94)
 3.26 

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