Brandywineglobal Correlations

Mutual Funds USA . 
Fund . Brandywineglobal High
BGHSX Fund  USD 10.13  0.01  0.1%   
The current 90-days correlation between Brandywineglobal High and Franklin Mutual Beacon is 0.55 (i.e., Very weak diversification). The correlation of Brandywineglobal 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.

Brandywineglobal Correlation With Market

Good diversification

The correlation between Brandywineglobal High and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandywineglobal High 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 Brandywineglobal High. 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 state.

Moving together with Brandywineglobal Mutual Fund

  0.97TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.97TEDIX Franklin Mutual GlobalPairCorr
  0.97TEDSX Franklin Mutual GlobalPairCorr
  0.96TEDRX Franklin Mutual GlobalPairCorr
  0.96TEFRX Templeton ForeignPairCorr
  0.96TEFTX Templeton ForeignPairCorr
  0.94TEGBX Templeton Global BondPairCorr
  0.97TEGRX Templeton GrowthPairCorr
  0.96TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.97TEMEX Franklin Mutual BeaconPairCorr
  0.96TEMMX Templeton EmergingPairCorr
  0.95TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.98TEMTX Franklin Mutual SharesPairCorr
  0.96TEMQX Mutual QuestPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.95SAGYX Clearbridge AggressivePairCorr
  0.96TEMZX Templeton EmergingPairCorr
  0.95FQEMX Franklin Templeton SmacsPairCorr
  0.96TEQIX Franklin Mutual QuestPairCorr
  0.97TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.98TESRX Franklin Mutual SharesPairCorr
  0.91LGGAX Clearbridge InternationalPairCorr
  0.95TEURX Franklin Mutual EuropeanPairCorr
  0.92LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.96SAPYX Clearbridge AppreciationPairCorr
  0.96SASMX Clearbridge Small CapPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.88WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Brandywineglobal Mutual Fund performing well and Brandywineglobal 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 Brandywineglobal'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
TEBIX  0.57  0.20  0.08 (2.03) 0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.59  0.31  0.25 (21.71) 0.00 
(0.75)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.18  0.05 (2.16) 0.46 
(0.54)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.18  0.05 (1.98) 0.46 
(0.54)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.07  0.02  0.24  0.51 
(0.53)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.11  0.37  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.66  0.25  0.13 (2.34) 0.45 
(0.83)
 1.71 
(1.35)
 4.24 
TEGBX  0.34  0.08 (0.11) 4.98  0.16 
(0.47)
 0.88 
(0.43)
 2.11 
TEGRX  0.54  0.16  0.16  0.35  0.25 
(0.62)
 1.83 
(1.01)
 3.53 
TEMFX  0.67  0.25  0.14 (2.22) 0.41 
(0.81)
 1.72 
(1.35)
 4.14 

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