Brandes Emerging Correlations

Mutual Funds . USA . 
Fund . Brandes Emerging Markets
BEMAX Fund  USD 8.56  0.05  0.58%   
The current 90-days correlation between Brandes Emerging Markets and Baron Emerging Markets is -0.21 (i.e., Very good diversification). The correlation of Brandes Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Brandes Emerging Markets and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Emerging Markets 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 Emerging Markets. 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

  1.0BEMIX Brandes Emerging MarketsPairCorr
  1.0BEMCX Brandes Emerging MarketsPairCorr
  0.95BEMRX Brandes Emerging MarketsPairCorr
  0.7BGEAX Brandes Global EquityPairCorr
  0.63BGVIX Brandes Global EquityPairCorr
  0.63BGVCX Brandes Global EquityPairCorr
  0.67BISMX Brandes InternationalPairCorr
  0.68BISRX Brandes InternationalPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.94VEIEX Vanguard Emerging MarketsPairCorr
  0.94VEMIX Vanguard Emerging MarketsPairCorr
  0.94VEMRX Vanguard Emerging MarketsPairCorr
  0.95FWWNX American Funds NewPairCorr
  0.95FNFWX American Funds NewPairCorr
  0.88NEWFX New World FundPairCorr
  0.88NWFFX New World FundPairCorr
  0.87NEWCX New World FundPairCorr
  0.86ODVYX Oppenheimer DevelopingPairCorr
  0.62VTISX Vanguard Total InterPairCorr
  0.62VTSNX Vanguard Total InterPairCorr
  0.62VTPSX Vanguard Total InterPairCorr

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   
ADAIX
+ 0.76
BIIEX
BIIEX
+ 0.62
BEXIX
ADAIX
+ 0.61
BEXIX
GIOIX
+ 0.45
BEXIX
ADAIX
+ 0.1
GIOIX
  
High negative correlations   
GIOIX
- 0.13
BIIEX

Risk-Adjusted Indicators

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