Barrow Hanley Correlations

Mutual Funds . USA . 
Fund . Barrow Hanley Floating
BFRNX Fund  USD 10.00  0.01  0.10%   
The current 90-days correlation between Barrow Hanley Floating and Qs Global Equity is -0.12 (i.e., Good diversification). The correlation of Barrow Hanley 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrow Hanley Floating. 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 board of governors.

Moving together with Barrow Mutual Fund

  0.92BCONX Barrow Hanley CreditPairCorr
  0.89BVOIX Barrow Hanley ValuePairCorr
  0.82OOSYX Oppenheimer SeniorPairCorr
  0.82OOSIX Oppenheimer SeniorPairCorr
  0.92LFRIX Floating RatePairCorr
  0.93LARCX Floating RatePairCorr
  0.93LFRRX Lord Abbett InvPairCorr
  0.92LFRFX Floating RatePairCorr
  0.92LRRRX Floating RatePairCorr
  0.92LRRTX Floating RatePairCorr
  0.92LRRVX Floating RatePairCorr
  0.92LRRKX Floating RatePairCorr
  0.93KNPCX Kinetics ParadigmPairCorr
  0.92KSCOX Kinetics Small CapPairCorr
  0.91KINCX Kinetics InternetPairCorr
  0.93KMKCX Kinetics Market OppoPairCorr
  0.92LSHUX Horizon Spin OffPairCorr
  0.93KSCYX Kinetics Small CapPairCorr
  0.93KSOCX Kinetics Small CapPairCorr
  0.73LETRX Voya Russia FundPairCorr
  0.93WWNPX Kinetics ParadigmPairCorr
  0.92KNPAX Kinetics ParadigmPairCorr
  0.84FTAGX Salient Tactical GrowthPairCorr
  0.73JAAJX Jhancock Multi IndexPairCorr
  0.8VIVIX Vanguard Value IndexPairCorr
  0.78HNSGX Harbor Small CapPairCorr
  0.82AOUAX Angel Oak UltrashortPairCorr
  0.82WSMRX William Blair SmallPairCorr
  0.87FZROX Fidelity Zero TotalPairCorr
  0.64FIFAX Income FundPairCorr
  0.88APSHX Pinnacle Sherman MultiPairCorr
  0.79SSCCX Small CapitalizationPairCorr

Moving against Barrow Mutual Fund

  0.75BTRIX Bmo In RetirementPairCorr
  0.73BNIVX Advisors Inner CirclePairCorr

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   
SGMAX
+ 0.89
SMYIX
GGESX
+ 0.84
SMYIX
AEEIX
+ 0.84
DBLGX
BXFIX
+ 0.81
SMYIX
GGESX
+ 0.79
SGMAX
BXFIX
+ 0.75
SGMAX
  
High negative correlations   
DBLGX
- 0.83
BXFIX
DBLGX
- 0.71
SMYIX
AEEIX
- 0.56
BXFIX
DBLGX
- 0.55
SGMAX
AEEIX
- 0.36
SMYIX
DBLGX
- 0.29
GGESX

Risk-Adjusted Indicators

There is a big difference between Barrow Mutual Fund performing well and Barrow Hanley 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 Barrow Hanley'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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