Brandes Emerging Correlations

Mutual Funds USA . 
Fund . Brandes Emerging Markets
BEMIX Fund  USD 10.35  0.10  0.98%   
The current 90-days correlation between Brandes Emerging Markets and Morgan Stanley Emerging is 0.21 (i.e., Modest 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 various price indices.

Moving together with BRANDES Mutual Fund

  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  1.0FWWNX American Funds NewPairCorr
  1.0FNFWX American Funds NewPairCorr
  1.0NEWFX New World FundPairCorr
  1.0NWFFX New World FundPairCorr
  1.0NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.79AISTX Limited DurationPairCorr
  0.62HD Home DepotPairCorr
  0.79T ATT IncPairCorr
  0.8IBM International BusinessPairCorr
  0.79GE GE AerospacePairCorr
  0.63XOM Exxon Mobil CorpPairCorr
  0.85CAT CaterpillarPairCorr
  0.8AXP American ExpressPairCorr
  0.83MMM 3M CompanyPairCorr
  0.73MSFT MicrosoftPairCorr
  0.84CSCO Cisco SystemsPairCorr
  0.91DD Dupont De NemoursPairCorr
  0.73BA BoeingPairCorr

Moving against BRANDES Mutual Fund

  0.61GPMFX Guidepath Managed FuturesPairCorr
  0.57PQTAX Pimco Trends ManagedPairCorr
  0.56PQTNX Pimco Trends ManagedPairCorr
  0.55PQTIX Aa Pimco TrPairCorr

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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