Barings Global Correlations

BXFCX Fund

USD 8.73 0.01 0.11%

The current 90-days correlation between Barings Global Floating and Barings Active Short is 0.39 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Barings Global Correlation With Market

Average diversification

The correlation between Barings Global Floating 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 Barings Global Floating 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 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 main economic indicators.

Moving together with Barings Mutual Fund

0.75	BXDCX	Barings Active Short	Pair Corr
1.0	BXFIX	Barings Global Floating	Pair Corr
1.0	BXFYX	Barings Global Floating	Pair Corr
0.9	BXHCX	Barings High Yield	Pair Corr
0.87	BXICX	Barings Global Credit	Pair Corr
0.89	BXIAX	Barings Global Credit	Pair Corr
0.91	BXIYX	Barings Global Credit	Pair Corr
0.89	BXITX	Barings Global Credit	Pair Corr
0.96	OOSYX	Oppenheimer Senior	Pair Corr
0.96	OOSIX	Oppenheimer Senior	Pair Corr
0.98	LFRIX	Floating Rate	Pair Corr
0.98	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.98	LFRFX	Floating Rate	Pair Corr
0.98	LRRRX	Floating Rate	Pair Corr
0.98	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.98	LRRKX	Floating Rate	Pair Corr
0.93	FTCAX	Templeton Strained Bond	Pair Corr
0.94	PYAIX	Payden Absolute Return	Pair Corr
0.95	PYARX	Payden Absolute Return	Pair Corr
0.94	BCAAX	Brandywineglobal C	Pair Corr
0.83	VTSMX	Vanguard Total Stock	Pair Corr
0.85	LLPFX	Longleaf Partners	Pair Corr
0.67	SCRYX	Small Cap Core	Pair Corr
0.75	RIV	Rivernorth Opportunities	Pair Corr
0.87	FEMDX	Franklin Emerging Market	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.86	LTFOX	Lord Abbett Affiliated	Pair Corr

Moving against Barings Mutual Fund

0.77	USPSX	Profunds Ultrashort	Pair Corr
0.76	USPIX	Profunds Ultrashort	Pair Corr
0.72	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	BXDCX	BXECX	BXEAX	BXDYX	BXFCX	BXFAX	BXEIX	BXHCX
BXDCX		0.63	0.67	0.99	0.75	0.76	0.67	0.93	BXDCX
BXECX	0.63		1.0	0.6	0.13	0.15	1.0	0.49	BXECX
BXEAX	0.67	1.0		0.64	0.18	0.2	1.0	0.53	BXEAX
BXDYX	0.99	0.6	0.64		0.79	0.8	0.64	0.95	BXDYX
BXFCX	0.75	0.13	0.18	0.79		1.0	0.19	0.9	BXFCX
BXFAX	0.76	0.15	0.2	0.8	1.0		0.21	0.9	BXFAX
BXEIX	0.67	1.0	1.0	0.64	0.19	0.21		0.54	BXEIX
BXHCX	0.93	0.49	0.53	0.95	0.9	0.9	0.54		BXHCX
	BXDCX	BXECX	BXEAX	BXDYX	BXFCX	BXFAX	BXEIX	BXHCX

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Global 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 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
BXDCX	0.09	0.01	(0.84)	(0.53)	0.00	(0.16)	0.22	(0.11)	0.65
BXECX	0.26	(0.01)	(0.36)	0.02	0.24	(0.38)	0.67	(0.40)	1.45
BXEAX	0.26	(0.01)	(0.33)	0.05	0.24	(0.38)	0.53	(0.40)	1.45
BXDYX	0.10	0.01	(0.77)	(0.49)	0.00	(0.16)	0.33	(0.11)	0.66
BXFCX	0.07	0.02	0.00	1.06	0.00	0.00	0.12	(0.12)	0.81
BXFAX	0.08	0.02	(0.78)	1.33	0.00	(0.25)	0.23	(0.11)	0.82
BXEIX	0.26	(0.01)	(0.35)	0.05	0.23	(0.39)	0.67	(0.40)	1.45
BXHCX	0.12	0.02	(0.48)	0.41	0.00	(0.23)	0.37	(0.24)	0.86

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