Brandes Emerging Correlations

Mutual Funds . USA . 
Fund . Brandes Emerging Markets
BEMAX Fund  USD 10.26  0.09  0.88%   
The current 90-days correlation between Brandes Emerging Markets and Dodge Global Bond is 0.03 (i.e., Significant 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 -0.2 (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 nation.

Moving together with Brandes Mutual Fund

  0.83BSCRX Brandes Small CapPairCorr
  0.98BSCMX Brandes Small CapPairCorr
  0.84BSCAX Brandes Small CapPairCorr
  0.65BCPRX Brandes E PlusPairCorr
  0.63BCPAX Brandes E PlusPairCorr
  0.82BEMIX Brandes Emerging MarketsPairCorr
  1.0BEMCX Brandes Emerging MarketsPairCorr
  0.82BEMRX Brandes Emerging MarketsPairCorr
  1.0BGVIX Brandes Global EquityPairCorr
  1.0BGVCX Brandes Global EquityPairCorr
  0.99BIERX Brandes InternationalPairCorr
  0.99BIECX Brandes InternationalPairCorr
  0.99BIEAX Brandes InternationalPairCorr
  0.8BIIEX Brandes InternationalPairCorr
  0.99BINCX Brandes InternationalPairCorr
  0.99BISMX Brandes InternationalPairCorr
  0.77BISAX Brandes InternationalPairCorr
  0.99BISRX Brandes InternationalPairCorr
  0.85SMARX Brandes SeparatelyPairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.85VEIEX Vanguard Emerging MarketsPairCorr
  0.85VEMIX Vanguard Emerging MarketsPairCorr
  0.85VEMRX Vanguard Emerging MarketsPairCorr
  0.82FWWNX American Funds NewPairCorr
  0.82FNFWX American Funds NewPairCorr
  0.82NEWFX New World FundPairCorr
  0.82NWFFX New World FundPairCorr
  0.82NEWCX New World FundPairCorr
  0.85ODVYX Oppenheimer DevelopingPairCorr
  0.84VSTSX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr
  0.84VFFSX Vanguard 500 IndexPairCorr
  0.84VFIAX Vanguard 500 IndexPairCorr
  0.8VTISX Vanguard Total InterPairCorr
  0.8VTSNX Vanguard Total InterPairCorr
  0.8VTPSX Vanguard Total InterPairCorr
  0.84VINIX Vanguard InstitutionalPairCorr

Related Correlations Analysis

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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.

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