Barings Active Correlations

BXDCX Fund

USD 9.23 0.01 0.11%

The current 90-days correlation between Barings Active Short and Vanguard Short Term Bond is 0.77 (i.e., Poor diversification). The correlation of Barings Active 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 Barings Active Short. 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 Barings Mutual Fund

0.62	BXECX	Barings Emerging Markets	Pair Corr
0.66	BXEAX	Barings Emerging Markets	Pair Corr
0.97	BXDYX	Barings Active Short	Pair Corr
0.84	BXFIX	Barings Global Floating	Pair Corr
0.8	BXFCX	Barings Global Floating	Pair Corr
0.8	BXFAX	Barings Global Floating	Pair Corr
0.67	BXEYX	Barings Emerging Markets	Pair Corr
0.67	BXEIX	Barings Emerging Markets	Pair Corr
0.8	BXFYX	Barings Global Floating	Pair Corr
0.95	BXHCX	Barings High Yield	Pair Corr
0.91	BXICX	Barings Global Credit	Pair Corr
0.93	BXIAX	Barings Global Credit	Pair Corr
0.9	BXIYX	Barings Global Credit	Pair Corr
0.93	BXITX	Barings Global Credit	Pair Corr
0.75	LALDX	Lord Abbett Short	Pair Corr
0.89	LDLAX	Lord Abbett Short	Pair Corr
0.87	LDLRX	Lord Abbett Short	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.61	VINIX	Vanguard Institutional	Pair Corr
0.97	SHYIX	Guggenheim High Yield	Pair Corr

Related Correlations Analysis

	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	VSCSX	LDLAX
VBIRX		0.9	0.87	0.87	0.89	0.89	0.9	0.71	VBIRX
VFSUX	0.9		0.91	0.9	0.82	0.82	0.91	0.82	VFSUX
VFSIX	0.87	0.91		1.0	0.93	0.93	0.96	0.76	VFSIX
VFSTX	0.87	0.9	1.0		0.95	0.95	0.96	0.73	VFSTX
VBITX	0.89	0.82	0.93	0.95		1.0	0.92	0.54	VBITX
VBISX	0.89	0.82	0.93	0.95	1.0		0.92	0.54	VBISX
VSCSX	0.9	0.91	0.96	0.96	0.92	0.92		0.76	VSCSX
LDLAX	0.71	0.82	0.76	0.73	0.54	0.54	0.76		LDLAX
	VBIRX	VFSUX	VFSIX	VFSTX	VBITX	VBISX	VSCSX	LDLAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Active 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 Barings Active'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
VBIRX	0.12	(0.01)	(0.61)	(0.65)	0.12	(0.15)	0.20	(0.20)	0.78
VFSUX	0.11	0.00	(0.50)	0.16	0.11	(0.14)	0.19	(0.19)	0.77
VFSIX	0.12	0.00	(0.51)	0.15	0.12	(0.15)	0.19	(0.19)	0.77
VFSTX	0.12	0.00	(0.51)	0.13	0.12	(0.15)	0.19	(0.19)	0.77
VBITX	0.12	(0.01)	0.00	0.31	0.00	0.00	0.29	(0.20)	0.78
VBISX	0.12	(0.01)	0.00	0.34	0.00	0.00	0.20	(0.20)	0.78
VSCSX	0.10	0.00	(0.61)	0.52	0.09	(0.12)	0.19	(0.19)	0.70
LDLAX	0.10	0.00	(0.31)	0.13	0.02	(0.26)	0.26	(0.26)	0.52

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

Barings Active Correlations

Moving together with Barings Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY