Brandes Global Correlations

Mutual Funds . USA . 
Fund . Brandes Global Equity
BGEAX Fund  USD 33.54  0.11  0.33%   
The current 90-days correlation between Brandes Global Equity and Old Westbury Small is 0.02 (i.e., Significant diversification). The correlation of Brandes Global 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 Global Correlation With Market

Good diversification

The correlation between Brandes Global Equity and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Global Equity 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 Global Equity. 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

  0.94BSCRX Brandes Small CapPairCorr
  0.94BSCMX Brandes Small CapPairCorr
  0.98BSCAX Brandes Small CapPairCorr
  0.98BEMIX Brandes Emerging MarketsPairCorr
  0.96BEMCX Brandes Emerging MarketsPairCorr
  0.96BEMAX Brandes Emerging MarketsPairCorr
  0.96BEMRX Brandes Emerging MarketsPairCorr
  0.96BGVIX Brandes Global EquityPairCorr
  0.96BGVCX Brandes Global EquityPairCorr
  0.94BIERX Brandes InternationalPairCorr
  0.94BIECX Brandes InternationalPairCorr
  0.98BIEAX Brandes InternationalPairCorr
  0.94BIIEX Brandes InternationalPairCorr
  0.93BINCX Brandes InternationalPairCorr
  0.93BISMX Brandes InternationalPairCorr
  0.93BISAX Brandes InternationalPairCorr
  0.93BISRX Brandes InternationalPairCorr
  0.78SMARX Brandes SeparatelyPairCorr
  0.95TEDRX Franklin Mutual GlobalPairCorr
  0.95FMDRX Franklin Mutual GlobalPairCorr
  0.96DOXWX Dodge Cox GlobalPairCorr
  0.96DODWX Dodge Global StockPairCorr
  0.95TRZRX T Rowe PricePairCorr
  0.99TEDIX Franklin Mutual GlobalPairCorr
  0.95MDISX Franklin Mutual GlobalPairCorr
  0.99TEDSX Franklin Mutual GlobalPairCorr
  0.9PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.83FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.96BTMKX Blackrock InternationalPairCorr
  0.91MDIIX Blackrock Intern IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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