Brandes Emerging Correlations

BEMCX Fund

USD 10.15 0.09 0.89%

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

Very poor diversification

The correlation between Brandes Emerging Markets and DJI is 0.81 (i.e., Very poor 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 main economic indicators.

Moving together with Brandes Mutual Fund

0.98	BSCRX	Brandes Small Cap	Pair Corr
0.98	BSCMX	Brandes Small Cap	Pair Corr
0.98	BSCAX	Brandes Small Cap	Pair Corr
0.82	BEMIX	Brandes Emerging Markets	Pair Corr
0.82	BEMAX	Brandes Emerging Markets	Pair Corr
1.0	BEMRX	Brandes Emerging Markets	Pair Corr
0.82	BGVIX	Brandes Global Equity	Pair Corr
0.99	BGVCX	Brandes Global Equity	Pair Corr
0.99	BIECX	Brandes International	Pair Corr
0.84	BIIEX	Brandes International	Pair Corr
0.81	BISAX	Brandes International	Pair Corr
0.99	BISRX	Brandes International	Pair Corr
0.99	VEMAX	Vanguard Emerging Markets	Pair Corr
0.83	VEIEX	Vanguard Emerging Markets	Pair Corr
0.99	VEMIX	Vanguard Emerging Markets	Pair Corr
0.83	VEMRX	Vanguard Emerging Markets	Pair Corr
0.83	FWWNX	American Funds New	Pair Corr
0.83	FNFWX	American Funds New	Pair Corr
0.84	NEWFX	New World Fund	Pair Corr
0.83	NWFFX	New World Fund	Pair Corr
0.83	NEWCX	New World Fund	Pair Corr
0.84	ODVYX	Oppenheimer Developing	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.83	VTISX	Vanguard Total Inter	Pair Corr
0.84	VTSNX	Vanguard Total Inter	Pair Corr
0.83	VTPSX	Vanguard Total Inter	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.74	HLIEX	Jpmorgan Equity Income	Pair Corr
0.97	VEXPX	Vanguard Explorer	Pair Corr
0.81	CAIBX	Capital Income Builder	Pair Corr
0.82	IASRX	Ivy Asset Strategy	Pair Corr

Moving against Brandes Mutual Fund

0.41

JIMDX

Johnson Institutional

Pair Corr

Related Correlations Analysis

	TTRBX	MSTBX	UITBX	ARTFX	ANAGX	SWGXX	FMVUX	ABNTX
TTRBX		0.93	0.86	0.86	0.95	0.31	0.81	0.85	TTRBX
MSTBX	0.93		0.83	0.81	0.94	0.47	0.73	0.91	MSTBX
UITBX	0.86	0.83		0.53	0.91	0.01	0.52	0.83	UITBX
ARTFX	0.86	0.81	0.53		0.75	0.6	0.95	0.7	ARTFX
ANAGX	0.95	0.94	0.91	0.75		0.33	0.67	0.88	ANAGX
SWGXX	0.31	0.47	0.01	0.6	0.33		0.47	0.34	SWGXX
FMVUX	0.81	0.73	0.52	0.95	0.67	0.47		0.63	FMVUX
ABNTX	0.85	0.91	0.83	0.7	0.88	0.34	0.63		ABNTX
	TTRBX	MSTBX	UITBX	ARTFX	ANAGX	SWGXX	FMVUX	ABNTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TTRBX	0.18	0.01	(0.30)	(0.61)	0.21	(0.21)	0.40	(0.40)	1.01
MSTBX	0.12	0.01	(0.53)	(0.60)	0.00	(0.17)	0.21	(0.21)	0.83
UITBX	0.28	0.00	(0.25)	0.19	0.34	(0.31)	0.55	(0.55)	1.75
ARTFX	0.18	0.02	(0.14)	0.31	0.21	(0.23)	0.55	(0.34)	1.13
ANAGX	0.18	0.01	(0.27)	(0.69)	0.20	(0.22)	0.44	(0.44)	1.30
SWGXX	0.03	0.00	0.00	1.36	0.00	0.00	0.00	0.00	1.01
FMVUX	1.12	0.02	0.02	0.12	1.76	(1.16)	2.18	(2.37)	12.35
ABNTX	0.19	0.01	(0.32)	(0.19)	0.21	(0.21)	0.30	(0.40)	1.38

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