Barings High Correlations

Mutual Funds . USA . 
Fund . Barings High Yield
BXHYX Fund  USD 8.13  0.00  0.00%   
The current 90-days correlation between Barings High Yield and Deutsche Health And is 0.07 (i.e., Significant diversification). The correlation of Barings High 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 High Correlation With Market

Modest diversification

The correlation between Barings High Yield 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 High Yield 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 High Yield. 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 manufacturing.

Moving together with Barings Mutual Fund

  0.8BXEAX Barings Emerging MarketsPairCorr
  0.76BXDYX Barings Active ShortPairCorr
  0.69BXFCX Barings Global FloatingPairCorr
  0.7BXFAX Barings Global FloatingPairCorr
  0.71BXEYX Barings Emerging MarketsPairCorr
  0.84BXEIX Barings Emerging MarketsPairCorr
  0.68BXFYX Barings Global FloatingPairCorr
  0.83BXIYX Barings Global CreditPairCorr
  0.83BXITX Barings Global CreditPairCorr
  0.99VWEAX Vanguard High YieldPairCorr
  0.86VWEHX Vanguard High YieldPairCorr
  0.79BHYCX Blackrock Hi YldPairCorr
  0.95BHYIX Blackrock High YieldPairCorr
  0.82BHYSX Blackrock Hi YldPairCorr
  0.94BHYAX Blackrock High YieldPairCorr
  0.97FAHHX American Funds AmericanPairCorr
  0.97FTAHX American Funds AmericanPairCorr
  0.84AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.71XPPRX Voya Prime RatePairCorr
  0.61PCF Putnam High IncomePairCorr
  0.79LGGAX Clearbridge InternationalPairCorr
  0.65LCTIX Leader Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings High 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 High'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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