Brandes Global Correlations

BGVCX Fund

USD 28.93 0.20 0.70%

The current 90-days correlation between Brandes Global Equity and T Rowe Price is 0.07 (i.e., Significant diversification). The correlation of Brandes Global 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 Global Correlation With Market

Very weak diversification

The correlation between Brandes Global Equity and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brandes Global Equity 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 Global Equity. 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 main economic indicators.

Moving together with Brandes Mutual Fund

0.89	BGEAX	Brandes Global Equity	Pair Corr
0.89	BGVIX	Brandes Global Equity	Pair Corr
0.76	TEDRX	Franklin Mutual Global	Pair Corr
0.76	FMDRX	Franklin Mutual Global	Pair Corr
0.78	DOXWX	Dodge Cox Global	Pair Corr
0.78	DODWX	Dodge Global Stock	Pair Corr
0.8	TRZRX	T Rowe Price	Pair Corr
0.76	TEDIX	Franklin Mutual Global	Pair Corr
0.76	MDISX	Franklin Mutual Global	Pair Corr
0.76	TEDSX	Franklin Mutual Global	Pair Corr
0.8	PRAFX	T Rowe Price	Pair Corr
0.79	BEGRX	Franklin Mutual Beacon	Pair Corr

Moving against Brandes Mutual Fund

0.42

LETRX

Voya Russia Fund

Pair Corr

Related Correlations Analysis

	TRSAX	SRGAX	LGLSX	EIPIX	UPDDX	TRBCX
TRSAX		0.85	0.3	0.74	0.14	0.24	TRSAX
SRGAX	0.85		0.04	0.73	0.02	0.01	SRGAX
LGLSX	0.3	0.04		0.33	0.79	0.88	LGLSX
EIPIX	0.74	0.73	0.33		0.08	0.15	EIPIX
UPDDX	0.14	0.02	0.79	0.08		0.91	UPDDX
TRBCX	0.24	0.01	0.88	0.15	0.91		TRBCX
	TRSAX	SRGAX	LGLSX	EIPIX	UPDDX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Brandes Mutual Fund performing well and Brandes Global 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 Global'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
TRSAX	0.90	(0.04)	0.00	(0.11)	0.00	0.00	1.54	(2.26)	8.77
SRGAX	0.44	(0.04)	0.00	(0.12)	0.00	0.00	0.81	(1.03)	4.19
LGLSX	1.05	0.17	0.10	0.35	1.33	(1.04)	2.43	(2.37)	7.49
EIPIX	0.77	0.03	0.01	0.11	1.53	(0.74)	1.68	(1.09)	9.39
UPDDX	1.29	0.11	0.06	0.73	1.45	(1.41)	2.81	(2.59)	8.50
TRBCX	0.81	0.07	0.04	(1.21)	1.07	(0.82)	1.57	(1.89)	5.70

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