Brandes Global Correlations

Mutual Funds . USA . 
Fund . Brandes Global Equity
BGVCX Fund  USD 32.96  0.07  0.21%   
The current 90-days correlation between Brandes Global Equity and Gold And Precious is 0.01 (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

Almost no diversification

The correlation between Brandes Global Equity and DJI is 0.91 (i.e., Almost no 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 main economic indicators.

Moving together with BRANDES Mutual Fund

  0.98BSCRX Brandes Small CapPairCorr
  0.98BSCMX Brandes Small CapPairCorr
  0.98BSCAX Brandes Small CapPairCorr
  0.61BCPRX Brandes E PlusPairCorr
  1.0BEMIX Brandes Emerging MarketsPairCorr
  0.99BEMCX Brandes Emerging MarketsPairCorr
  0.99BEMAX Brandes Emerging MarketsPairCorr
  0.99BEMRX Brandes Emerging MarketsPairCorr
  1.0BGEAX Brandes Global EquityPairCorr
  1.0BGVIX Brandes Global EquityPairCorr
  0.99BIERX Brandes InternationalPairCorr
  0.99BIECX Brandes InternationalPairCorr
  0.99BIEAX Brandes InternationalPairCorr
  0.98BIIEX Brandes InternationalPairCorr
  0.98BINCX Brandes InternationalPairCorr
  0.97BISMX Brandes InternationalPairCorr
  0.97BISAX Brandes InternationalPairCorr
  0.97BISRX Brandes InternationalPairCorr
  0.73SMARX Brandes SeparatelyPairCorr
  1.0TEDRX Franklin Mutual GlobalPairCorr
  1.0FMDRX Franklin Mutual GlobalPairCorr
  1.0DOXWX Dodge Cox GlobalPairCorr
  1.0DODWX Dodge Global StockPairCorr
  0.96TRZRX T Rowe PricePairCorr
  0.96TEDIX Franklin Mutual GlobalPairCorr
  1.0MDISX Franklin Mutual GlobalPairCorr
  0.96TEDSX Franklin Mutual GlobalPairCorr
  0.96PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 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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