Brandes International Correlations

Mutual Funds . USA . 
Fund . Brandes International Equity
BIIEX Fund  USD 25.26  0.09  0.36%   
The current 90-days correlation between Brandes International and Tcm Small Cap is -0.11 (i.e., Good diversification). The correlation of Brandes International 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 International Correlation With Market

Very weak diversification

The correlation between Brandes International Equity and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes International 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 International 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 income.

Moving together with Brandes Mutual Fund

  0.97BSCRX Brandes Small CapPairCorr
  0.97BSCMX Brandes Small CapPairCorr
  0.71BCPRX Brandes E PlusPairCorr
  0.69BCPIX Brandes E PlusPairCorr
  0.64BCPAX Brandes E PlusPairCorr
  0.98BEMIX Brandes Emerging MarketsPairCorr
  0.98BEMCX Brandes Emerging MarketsPairCorr
  0.98BEMAX Brandes Emerging MarketsPairCorr
  0.98BEMRX Brandes Emerging MarketsPairCorr
  0.98BGEAX Brandes Global EquityPairCorr
  0.99BGVIX Brandes Global EquityPairCorr
  0.98BGVCX Brandes Global EquityPairCorr
  1.0BIERX Brandes InternationalPairCorr
  1.0BIECX Brandes InternationalPairCorr
  1.0BIEAX Brandes InternationalPairCorr
  0.97BINCX Brandes InternationalPairCorr
  0.97BISMX Brandes InternationalPairCorr
  0.97BISAX Brandes InternationalPairCorr
  0.97BISRX Brandes InternationalPairCorr
  0.84SMARX Brandes SeparatelyPairCorr
  0.99DOXFX Dodge Cox InternationalPairCorr
  1.0OANIX Oakmark InternationalPairCorr
  0.98DODFX Dodge International StockPairCorr
  1.0OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  1.0OAZIX Oakmark InternationalPairCorr
  0.98FINVX Fidelity Series IntePairCorr
  0.99VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.86LIIAX Columbia Porate IncomePairCorr
  0.87SRINX Columbia Porate IncomePairCorr
  0.93WRHIX Ivy High IncomePairCorr
  0.94WHIAX Ivy High IncomePairCorr
  0.94IHIFX Ivy High IncomePairCorr
  0.94IVHIX Ivy High IncomePairCorr
  0.98VLSMX Valic Company IPairCorr
  0.98SWEGX Schwab Markettrack AllPairCorr
  0.95SENYX Stet New YorkPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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