Barings Emerging Correlations

BXECX Fund

USD 7.56 0.01 0.13%

The current 90-days correlation between Barings Emerging Markets and T Rowe Price is 0.04 (i.e., Significant diversification). The correlation of Barings Emerging 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.

Barings Emerging Correlation With Market

Weak diversification

The correlation between Barings Emerging Markets and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Emerging Markets 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 Emerging Markets. 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	BXDCX	Barings Active Short	Pair Corr
1.0	BXEAX	Barings Emerging Markets	Pair Corr
0.61	BXDYX	Barings Active Short	Pair Corr
1.0	BXEYX	Barings Emerging Markets	Pair Corr
1.0	BXEIX	Barings Emerging Markets	Pair Corr
0.88	FGBMX	Fidelity New Markets	Pair Corr
0.87	FGZMX	Fidelity New Markets	Pair Corr
0.87	FGWMX	Fidelity New Markets	Pair Corr
0.87	FGVMX	Fidelity New Markets	Pair Corr
0.86	FGYMX	Fidelity New Markets	Pair Corr
0.88	MEDIX	Mfs Emerging Markets	Pair Corr
0.88	MEDCX	Mfs Emerging Markets	Pair Corr
0.88	MEDAX	Mfs Emerging Markets	Pair Corr
0.88	MEDBX	Mfs Emerging Markets	Pair Corr
0.88	MEDEX	Mfs Emerging Markets	Pair Corr
0.74	PDI	Pimco Dynamic Income	Pair Corr
0.63	UTF	Cohen And Steers	Pair Corr

Moving against Barings Mutual Fund

0.37

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Pair Corr

Related Correlations Analysis

	PATFX	PRFHX	AFB	USCBX	ABNTX	MWCSX	BBINX
PATFX		1.0	0.89	0.78	0.8	0.66	0.95	PATFX
PRFHX	1.0		0.88	0.77	0.78	0.64	0.94	PRFHX
AFB	0.89	0.88		0.84	0.82	0.7	0.91	AFB
USCBX	0.78	0.77	0.84		0.64	0.67	0.84	USCBX
ABNTX	0.8	0.78	0.82	0.64		0.78	0.8	ABNTX
MWCSX	0.66	0.64	0.7	0.67	0.78		0.75	MWCSX
BBINX	0.95	0.94	0.91	0.84	0.8	0.75		BBINX
	PATFX	PRFHX	AFB	USCBX	ABNTX	MWCSX	BBINX

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Emerging 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 Emerging'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
PATFX	0.15	0.00	(0.19)	0.02	0.23	(0.23)	0.44	(0.35)	1.69
PRFHX	0.15	0.00	(0.19)	0.02	0.22	(0.23)	0.44	(0.44)	1.61
AFB	0.48	(0.01)	0.00	0.26	0.00	0.00	0.90	(0.94)	2.88
USCBX	0.15	0.01	(0.22)	0.04	0.24	(0.22)	0.39	(0.29)	1.74
ABNTX	0.15	(0.01)	(0.33)	(0.05)	0.17	(0.18)	0.29	(0.30)	1.08
MWCSX	0.16	(0.01)	(0.24)	0.52	0.21	(0.30)	0.43	(0.43)	1.40
BBINX	0.11	(0.01)	(0.30)	(0.12)	0.16	(0.17)	0.29	(0.29)	1.07

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