Barings Global Correlations

BGH Etf

USD 15.68 0.25 1.62%

The current 90-days correlation between Barings Global Short and Western Asset Global is 0.35 (i.e., Weak diversification). The correlation of Barings 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.

Barings Global Correlation With Market

Modest diversification

The correlation between Barings Global Short and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Global Short 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 Barings Global Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Barings Etf

0.79	JPST	JPMorgan Ultra Short	Pair Corr
0.78	VR	VR	Pair Corr
0.78	ARKK	ARK Innovation ETF	Pair Corr
0.85	HTUS	Capitol Series Trust	Pair Corr
0.71	SPYD	SPDR Portfolio SP	Pair Corr
0.85	SEIQ	SEI Exchange Traded	Pair Corr
0.86	VFMO	Vanguard Momentum Factor Low Volatility	Pair Corr
0.8	STCE	Schwab Strategic Trust	Pair Corr
0.85	IVV	iShares Core SP	Pair Corr
0.64	MOAT	VanEck Morningstar Wide	Pair Corr
0.77	NLR	VanEck UraniumNuclear	Pair Corr
0.85	VUG	Vanguard Growth Index	Pair Corr
0.82	SPXN	ProShares SP 500	Pair Corr
0.77	VIG	Vanguard Dividend	Pair Corr
0.85	SPY	SPDR SP 500 Aggressive Push	Pair Corr
0.82	ROMO	Strategy Shares Newf	Pair Corr
0.68	DRVN	Driven Brands Holdings	Pair Corr
0.84	LRGC	AB Active ETFs,	Pair Corr
0.88	EOS	Eaton Vance Enhanced	Pair Corr
0.83	QQQ	Invesco QQQ Trust Aggressive Push	Pair Corr
0.64	PSCT	Invesco SP SmallCap	Pair Corr
0.82	NVIR	Listed Funds Trust	Pair Corr
0.62	URNM	Sprott Uranium Miners	Pair Corr
0.76	URA	Global X Uranium	Pair Corr
0.84	NVDY	Tidal Trust II	Pair Corr
0.74	EZBC	Franklin Bitcoin ETF Low Volatility	Pair Corr
0.82	QLD	ProShares Ultra QQQ	Pair Corr
0.74	IBIT	iShares Bitcoin Trust Aggressive Push	Pair Corr
0.69	Z	Zillow Group Class	Pair Corr
0.83	VOOG	Vanguard SP 500	Pair Corr
0.67	TSLY	Tidal Trust II	Pair Corr
0.85	VB	Vanguard Small Cap	Pair Corr
0.81	IWM	iShares Russell 2000 Aggressive Push	Pair Corr

Moving against Barings Etf

0.84	FNGD	MicroSectors FANG Index	Pair Corr
0.54	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.33	SMI	VanEck Vectors ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.29	0.57	-0.02	0.6	0.02	0.68	0.28	-0.56	0.72	META
MSFT	0.29		0.24	0.12	0.2	-0.02	0.02	-0.17	0.11	-0.18	MSFT
UBER	0.57	0.24		-0.02	0.02	0.26	0.05	-0.1	0.04	0.36	UBER
F	-0.02	0.12	-0.02		0.0	-0.37	0.36	0.62	-0.24	0.29	F
T	0.6	0.2	0.02	0.0		-0.48	0.73	0.49	-0.76	0.39	T
A	0.02	-0.02	0.26	-0.37	-0.48		-0.48	-0.65	0.64	-0.01	A
CRM	0.68	0.02	0.05	0.36	0.73	-0.48		0.83	-0.92	0.68	CRM
JPM	0.28	-0.17	-0.1	0.62	0.49	-0.65	0.83		-0.83	0.51	JPM
MRK	-0.56	0.11	0.04	-0.24	-0.76	0.64	-0.92	-0.83		-0.57	MRK
XOM	0.72	-0.18	0.36	0.29	0.39	-0.01	0.68	0.51	-0.57		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.83	CRM
CRM	+ 0.73	T
XOM	+ 0.72	META
CRM	+ 0.68	META
XOM	+ 0.68	CRM
MRK	+ 0.64	A

High negative correlations

MRK	- 0.92	CRM
MRK	- 0.83	JPM
MRK	- 0.76	T
JPM	- 0.65	A
XOM	- 0.57	MRK
MRK	- 0.56	META

Barings Global Competition Risk-Adjusted Indicators

There is a big difference between Barings Etf performing well and Barings Global ETF 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 Barings 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
META	1.05	0.00	(0.03)	0.12	1.40	(1.14)	2.62	(3.15)	8.02
MSFT	0.88	(0.08)	(0.07)	0.01	1.51	(0.82)	2.09	(1.85)	8.19
UBER	1.60	(0.14)	0.00	(0.02)	0.00	0.00	2.69	(2.44)	20.10
F	1.43	(0.12)	(0.02)	0.04	2.19	(1.43)	2.75	(2.90)	11.72
T	0.92	0.28	0.14	24.43	0.85	(1.04)	2.56	(1.72)	6.47
A	1.14	(0.13)	0.00	(0.12)	0.00	0.00	2.29	(2.42)	9.02
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
JPM	1.12	0.00	0.06	0.12	1.44	(1.17)	2.05	(2.00)	15.87
MRK	0.85	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(2.13)	4.89
XOM	1.03	0.03	(0.01)	0.18	1.21	(1.11)	2.14	(2.09)	5.78

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