Brandes Core Correlations

Mutual Funds . USA . 
Fund . Brandes E Plus
BCPAX Fund  USD 8.24  0.01  0.12%   
The current 90-days correlation between Brandes E Plus and Smead Value Fund is 0.33 (i.e., Weak 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

Modest diversification

The correlation between Brandes E Plus and DJI is 0.2 (i.e., Modest 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

  0.99BCPRX Brandes E PlusPairCorr
  1.0BCPIX Brandes E PlusPairCorr
  0.72BGEAX Brandes Global EquityPairCorr
  0.7BGVIX Brandes Global EquityPairCorr
  0.71BGVCX Brandes Global EquityPairCorr
  0.78SMARX Brandes SeparatelyPairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.97PTTPX Pimco Total ReturnPairCorr
  0.98PTRRX Total ReturnPairCorr
  0.98PTRAX Total ReturnPairCorr
  0.97PTTRX Total ReturnPairCorr
  0.97FIWGX Strategic AdvisersPairCorr
  0.9DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr

Moving against Brandes Mutual Fund

  0.62NTG Tortoise Mlp ClosedPairCorr
  0.59TTP Tortoise Pipeline AndPairCorr
  0.38GAEGX Columbia Large CapPairCorr

Related Correlations Analysis

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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   
LMTIX
+ 0.91
GMLGX
DOXGX
+ 0.87
SMVLX
FCLKX
+ 0.85
LMTIX
FCLKX
+ 0.83
DOXGX
LMTIX
+ 0.74
DOXGX
FCLKX
+ 0.7
GMLGX
  
High negative correlations   
CMIFX
- 0.36
SMVLX
MKFOX
- 0.2
SMVLX
CMIFX
- 0.07
DOXGX
CMIFX
- 0.0
GMLGX

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.

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