Brandes International Correlations

Mutual Funds . USA . 
Fund . Brandes International Small
BISMX Fund  USD 25.06  0.08  0.32%   
The current 90-days correlation between Brandes International and Absolute Convertible Arbitrage is 0.3 (i.e., Weak 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

Good diversification

The correlation between Brandes International Small and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes International Small 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 Small. 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 population.

Moving together with Brandes Mutual Fund

  0.97BSCRX Brandes Small CapPairCorr
  0.96BSCMX Brandes Small CapPairCorr
  0.97BSCAX Brandes Small CapPairCorr
  0.74BCPRX Brandes E PlusPairCorr
  0.72BCPIX Brandes E PlusPairCorr
  0.68BCPAX Brandes E PlusPairCorr
  0.99BEMIX Brandes Emerging MarketsPairCorr
  0.98BEMCX Brandes Emerging MarketsPairCorr
  0.98BEMAX Brandes Emerging MarketsPairCorr
  0.99BEMRX Brandes Emerging MarketsPairCorr
  0.98BGEAX Brandes Global EquityPairCorr
  0.97BGVIX Brandes Global EquityPairCorr
  0.97BIECX Brandes InternationalPairCorr
  0.97BIEAX Brandes InternationalPairCorr
  0.97BIIEX Brandes InternationalPairCorr
  1.0BINCX Brandes InternationalPairCorr
  1.0BISAX Brandes InternationalPairCorr
  0.99DISVX Dfa International SmallPairCorr
  0.98DFVQX Dfa International VectorPairCorr
  0.99FMNEX Free Market InternationalPairCorr
  0.98OANEX Oakmark InternationalPairCorr
  0.98KGGIX Kopernik Global AllPairCorr
  0.98KGGAX Kopernik Global AllPairCorr
  0.98OAZEX Oakmark InternationalPairCorr
  0.98OAYEX Oakmark InternationalPairCorr
  0.98OAKEX Oakmark InternationalPairCorr
  0.89LIIAX Columbia Porate IncomePairCorr
  0.89SRINX Columbia Porate IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.95WHIAX Ivy High IncomePairCorr
  0.96IHIFX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.97CLFFX Clifford Capital PartnersPairCorr
  0.97BTEKX Blackrock TechnologyPairCorr
  0.97REREX Europacific GrowthPairCorr
  0.97LIZIX Blackrock Lifepath IndexPairCorr
  0.95FRBSX Franklin Balance SheetPairCorr
  0.97SPINX Siit Sp 500PairCorr
  0.97JANBX Janus BalancedPairCorr

Related Correlations Analysis

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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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