Brandes Emerging Correlations

BEMAX Fund

USD 8.40 0.01 0.12%

The current 90-days correlation between Brandes Emerging Markets and Alpine Ultra Short is 0.05 (i.e., Significant 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

Significant diversification

The correlation between Brandes Emerging Markets and DJI is 0.09 (i.e., Significant 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

1.0	BEMIX	Brandes Emerging Markets	Pair Corr
0.95	BEMCX	Brandes Emerging Markets	Pair Corr
0.94	BEMRX	Brandes Emerging Markets	Pair Corr
0.91	BIERX	Brandes International	Pair Corr
0.96	BIECX	Brandes International	Pair Corr
0.96	BIEAX	Brandes International	Pair Corr
0.96	BIIEX	Brandes International	Pair Corr
0.74	BINCX	Brandes International	Pair Corr
0.61	BISAX	Brandes International	Pair Corr
0.71	BISRX	Brandes International	Pair Corr
0.88	VEMAX	Vanguard Emerging Markets	Pair Corr
0.88	VEIEX	Vanguard Emerging Markets	Pair Corr
0.87	VEMIX	Vanguard Emerging Markets	Pair Corr
0.87	VEMRX	Vanguard Emerging Markets	Pair Corr
0.86	FWWNX	American Funds New	Pair Corr
0.86	FNFWX	American Funds New	Pair Corr
0.9	NEWFX	New World Fund	Pair Corr
0.86	NWFFX	New World Fund	Pair Corr
0.89	NEWCX	New World Fund	Pair Corr
0.93	ODVYX	Oppenheimer Developing	Pair Corr
0.63	SMPIX	Semiconductor Ultrasector	Pair Corr
0.64	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Brandes Mutual Fund

0.51	BSCMX	Brandes Small Cap	Pair Corr
0.5	BSCAX	Brandes Small Cap	Pair Corr
0.49	BSCRX	Brandes Small Cap	Pair Corr
0.86	IGOIX	Rational Inflation Growth	Pair Corr
0.82	QLEIX	Aqr Long Short	Pair Corr
0.79	BTIDX	Idx Risk Managed	Pair Corr
0.78	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.75	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.48	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.47	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.41	WPLCX	Wp Large Cap	Pair Corr
0.38	LBHYX	Thrivent High Yield	Pair Corr
0.37	LSHAX	Horizon Spin Off Steady Growth	Pair Corr

Related Correlations Analysis

	ATOAX	SUSAX	FUEMX	OHSHX	DULTX	TAAQX	AOUNX	TASTX
ATOAX		0.98	0.95	0.78	0.98	0.84	0.98	0.84	ATOAX
SUSAX	0.98		0.98	0.81	0.98	0.9	0.99	0.89	SUSAX
FUEMX	0.95	0.98		0.84	0.97	0.9	0.98	0.89	FUEMX
OHSHX	0.78	0.81	0.84		0.76	0.76	0.81	0.76	OHSHX
DULTX	0.98	0.98	0.97	0.76		0.86	0.98	0.85	DULTX
TAAQX	0.84	0.9	0.9	0.76	0.86		0.89	1.0	TAAQX
AOUNX	0.98	0.99	0.98	0.81	0.98	0.89		0.89	AOUNX
TASTX	0.84	0.89	0.89	0.76	0.85	1.0	0.89		TASTX
	ATOAX	SUSAX	FUEMX	OHSHX	DULTX	TAAQX	AOUNX	TASTX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ATOAX	0.03	0.00	0.00	(0.28)	0.00	0.10	0.00	0.40
SUSAX	0.06	0.01	(0.12)	(0.45)	(0.17)	0.10	(0.10)	0.51
FUEMX	0.05	0.00	(0.12)	1.48	(0.19)	0.30	(0.10)	0.50
OHSHX	0.11	0.01	(0.03)	0.61	(0.15)	0.23	(0.22)	0.90
DULTX	0.04	0.01	0.00	(0.49)	0.00	0.10	0.00	0.71
TAAQX	0.08	0.00	(0.14)	0.05	(0.17)	0.21	(0.10)	0.62
AOUNX	0.05	0.01	(0.10)	(0.42)	(0.24)	0.10	(0.10)	0.62
TASTX	0.08	0.00	(0.14)	0.05	(0.18)	0.21	(0.10)	0.62

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