Brandes Core Correlations

BCPAX Fund

USD 8.26 0.01 0.12%

The current 90-days correlation between Brandes E Plus and Brandes Small Cap is -0.08 (i.e., Good diversification). The correlation of Brandes Core 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 Core Correlation With Market

Very good diversification

The correlation between Brandes E Plus and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes E Plus 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 E Plus. 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

0.97	BCPRX	Brandes E Plus	Pair Corr
1.0	BCPIX	Brandes E Plus	Pair Corr
0.63	BIERX	Brandes International	Pair Corr
0.65	BIECX	Brandes International	Pair Corr
0.64	BIEAX	Brandes International	Pair Corr
0.61	BIIEX	Brandes International	Pair Corr
0.98	SMARX	Brandes Separately	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
1.0	MWTRX	Metropolitan West Total	Pair Corr

Moving against Brandes Mutual Fund

0.63	BSCRX	Brandes Small Cap	Pair Corr
0.63	BSCAX	Brandes Small Cap	Pair Corr
0.62	BSCMX	Brandes Small Cap	Pair Corr
0.5	BGEAX	Brandes Global Equity	Pair Corr
0.49	BGVIX	Brandes Global Equity	Pair Corr
0.45	BGVCX	Brandes Global Equity	Pair Corr
0.79	SWLGX	Schwab Large Cap	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.77	VTSMX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.71	JCNAX	Janus Contrarian	Pair Corr
0.69	HFMIX	Hartford Midcap	Pair Corr

Related Correlations Analysis

	BSCRX	BSCMX	BSCAX	BCPRX	BCPIX	BEMIX	BEMCX	BEMAX	BEMRX
BSCRX		0.96	1.0	-0.62	-0.64	0.0	0.01	0.0	0.0	BSCRX
BSCMX	0.96		0.96	-0.61	-0.62	0.0	0.03	0.0	0.0	BSCMX
BSCAX	1.0	0.96		-0.62	-0.63	0.0	0.0	0.0	0.0	BSCAX
BCPRX	-0.62	-0.61	-0.62		0.97	-0.09	-0.15	-0.09	-0.1	BCPRX
BCPIX	-0.64	-0.62	-0.63	0.97		-0.14	-0.21	-0.14	-0.15	BCPIX
BEMIX	0.0	0.0	0.0	-0.09	-0.14		0.95	1.0	1.0	BEMIX
BEMCX	0.01	0.03	0.0	-0.15	-0.21	0.95		0.95	0.95	BEMCX
BEMAX	0.0	0.0	0.0	-0.09	-0.14	1.0	0.95		1.0	BEMAX
BEMRX	0.0	0.0	0.0	-0.1	-0.15	1.0	0.95	1.0		BEMRX
	BSCRX	BSCMX	BSCAX	BCPRX	BCPIX	BEMIX	BEMCX	BEMAX	BEMRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BSCAX	+ 1.0	BSCRX
BEMAX	+ 1.0	BEMIX
BEMRX	+ 1.0	BEMIX
BEMRX	+ 1.0	BEMAX
BCPIX	+ 0.97	BCPRX
BSCMX	+ 0.96	BSCRX

High negative correlations

BCPIX	- 0.64	BSCRX
BCPIX	- 0.63	BSCAX
BCPRX	- 0.62	BSCAX
BCPIX	- 0.62	BSCMX
BCPRX	- 0.62	BSCRX
BCPRX	- 0.61	BSCMX

Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Core 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 Core'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSCRX	0.85	0.05	0.08	0.16	0.65	(1.10)	2.18	(1.39)	5.61
BSCMX	0.83	0.15	0.05	1.22	0.68	(1.03)	2.23	(1.37)	5.68
BSCAX	0.85	0.04	0.07	0.15	0.66	(1.10)	2.18	(1.39)	5.77
BCPRX	0.19	(0.04)	0.00	(1.30)	0.00	0.00	0.36	(0.48)	1.19
BCPIX	0.20	(0.02)	0.00	0.41	0.00	0.00	0.36	(0.48)	1.17
BEMIX	0.80	(0.03)	(0.10)	0.05	0.92	(0.94)	1.65	(1.75)	5.51
BEMCX	0.82	0.02	(0.12)	0.00	0.96	(0.94)	1.68	(1.77)	5.83
BEMAX	0.78	(0.02)	(0.10)	0.06	0.90	(0.92)	1.78	(1.64)	5.67
BEMRX	0.77	(0.02)	(0.10)	0.06	0.89	(0.94)	1.64	(1.62)	5.69

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