Brandes Core Correlations

BCPRX Fund

USD 8.41 0.02 0.24%

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

Average diversification

The correlation between Brandes E Plus and DJI is 0.11 (i.e., Average 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 metropolitan statistical area.

Moving together with Brandes Mutual Fund

0.97	BCPIX	Brandes E Plus	Pair Corr
0.97	BCPAX	Brandes E Plus	Pair Corr
0.67	BIERX	Brandes International	Pair Corr
0.69	BIECX	Brandes International	Pair Corr
0.67	BIEAX	Brandes International	Pair Corr
0.66	BIIEX	Brandes International	Pair Corr
0.96	SMARX	Brandes Separately	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.97	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.96	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
0.97	MWTRX	Metropolitan West Total	Pair Corr

Moving against Brandes Mutual Fund

0.62	BSCRX	Brandes Small Cap	Pair Corr
0.62	BSCAX	Brandes Small Cap	Pair Corr
0.61	BSCMX	Brandes Small Cap	Pair Corr
0.46	BGVIX	Brandes Global Equity	Pair Corr
0.45	BGEAX	Brandes Global Equity	Pair Corr
0.43	BGVCX	Brandes Global Equity	Pair Corr
0.8	FGCKX	Fidelity Growth Pany	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.73	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.69	FTZFX	Fuller Thaler Behavioral	Pair Corr
0.5	JYHRX	Jpmorgan High Yield	Pair Corr
0.5	JILGX	Multimanager Lifestyle	Pair Corr

Related Correlations Analysis

	BSCRX	BSCMX	BSCAX	BCPRX	BCPIX	BCPAX	BEMIX	BEMCX	BEMAX	BEMRX
BSCRX		0.97	1.0	-0.62	-0.61	-0.6	-0.19	-0.21	-0.16	-0.18	BSCRX
BSCMX	0.97		0.97	-0.61	-0.59	-0.59	-0.2	-0.22	-0.15	-0.2	BSCMX
BSCAX	1.0	0.97		-0.62	-0.61	-0.6	-0.19	-0.21	-0.16	-0.19	BSCAX
BCPRX	-0.62	-0.61	-0.62		0.97	0.97	-0.02	0.0	-0.1	-0.03	BCPRX
BCPIX	-0.61	-0.59	-0.61	0.97		1.0	-0.09	-0.07	-0.17	-0.1	BCPIX
BCPAX	-0.6	-0.59	-0.6	0.97	1.0		-0.12	-0.1	-0.2	-0.13	BCPAX
BEMIX	-0.19	-0.2	-0.19	-0.02	-0.09	-0.12		1.0	0.95	1.0	BEMIX
BEMCX	-0.21	-0.22	-0.21	0.0	-0.07	-0.1	1.0		0.95	1.0	BEMCX
BEMAX	-0.16	-0.15	-0.16	-0.1	-0.17	-0.2	0.95	0.95		0.95	BEMAX
BEMRX	-0.18	-0.2	-0.19	-0.03	-0.1	-0.13	1.0	1.0	0.95		BEMRX
	BSCRX	BSCMX	BSCAX	BCPRX	BCPIX	BCPAX	BEMIX	BEMCX	BEMAX	BEMRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
BCPAX	+ 1.0	BCPIX
BEMCX	+ 1.0	BEMIX
BEMRX	+ 1.0	BEMIX
BEMRX	+ 1.0	BEMCX
BSCMX	+ 0.97	BSCRX

High negative correlations

BCPRX	- 0.62	BSCAX
BCPRX	- 0.62	BSCRX
BCPIX	- 0.61	BSCAX
BCPRX	- 0.61	BSCMX
BCPIX	- 0.61	BSCRX
BCPAX	- 0.6	BSCAX

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	0.84	0.04	0.06	0.15	0.68	(1.07)	2.15	(1.39)	5.61
BSCMX	0.83	0.14	0.05	0.90	0.70	(1.03)	2.15	(1.37)	5.68
BSCAX	0.84	0.04	0.06	0.14	0.70	(1.07)	2.14	(1.39)	5.77
BCPRX	0.19	(0.03)	0.00	(0.56)	0.00	0.00	0.36	(0.48)	1.19
BCPIX	0.21	(0.01)	0.00	0.20	0.00	0.00	0.47	(0.48)	1.17
BCPAX	0.20	(0.01)	0.00	0.21	0.00	0.00	0.48	(0.48)	1.09
BEMIX	0.77	(0.04)	(0.11)	0.00	0.95	(0.86)	1.57	(1.75)	5.51
BEMCX	0.78	(0.04)	(0.11)	(0.01)	0.96	(0.86)	1.60	(1.77)	5.83
BEMAX	0.75	0.01	(0.12)	0.03	0.92	(0.86)	1.58	(1.64)	5.67
BEMRX	0.75	(0.03)	(0.11)	0.01	0.92	(0.86)	1.55	(1.62)	5.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC