Barings Corporate Correlations

MCI Stock

USD 19.42 0.15 0.77%

The current 90-days correlation between Barings Corporate and Eaton Vance National is 0.29 (i.e., Modest diversification). The correlation of Barings Corporate 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 Corporate Correlation With Market

Average diversification

The correlation between Barings Corporate Investors and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Corporate Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Barings Corporate Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Barings Stock

0.64	DIST	Distoken Acquisition	Pair Corr
0.72	AB	AllianceBernstein	Pair Corr
0.77	AC	Associated Capital	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.78	BX	Blackstone Group Normal Trading	Pair Corr
0.78	CG	Carlyle Group	Pair Corr
0.78	LX	Lexinfintech Holdings	Pair Corr
0.79	MA	Mastercard	Pair Corr
0.69	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.71	PX	P10 Inc	Pair Corr
0.82	QD	Qudian Inc	Pair Corr
0.75	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.73	TW	Tradeweb Markets Normal Trading	Pair Corr
0.71	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.7	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Barings Stock

0.49	PT	Pintec Technology	Pair Corr
0.61	XP	Xp Inc	Pair Corr
0.52	WU	Western Union	Pair Corr
0.5	RM	Regional Management Corp	Pair Corr
0.83	BRACU	Broad Capital Acquisition	Pair Corr
0.67	PFTAU	Portage Fintech Acqu	Pair Corr
0.67	BRKHU	BurTech Acquisition Corp	Pair Corr
0.46	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	EOT	JHI	MFM	CBH	RFMZ	CXH	ETB	ACV	FUND	RQI
EOT		0.3	0.71	-0.04	0.63	0.59	-0.1	-0.18	-0.39	0.75	EOT
JHI	0.3		0.08	0.83	0.33	0.37	0.77	0.57	0.48	0.17	JHI
MFM	0.71	0.08		-0.26	0.85	0.78	-0.2	-0.08	-0.39	0.6	MFM
CBH	-0.04	0.83	-0.26		-0.05	0.11	0.95	0.72	0.68	-0.17	CBH
RFMZ	0.63	0.33	0.85	-0.05		0.78	0.03	0.21	-0.19	0.58	RFMZ
CXH	0.59	0.37	0.78	0.11	0.78		0.17	0.23	-0.18	0.55	CXH
ETB	-0.1	0.77	-0.2	0.95	0.03	0.17		0.85	0.76	-0.15	ETB
ACV	-0.18	0.57	-0.08	0.72	0.21	0.23	0.85		0.71	-0.1	ACV
FUND	-0.39	0.48	-0.39	0.68	-0.19	-0.18	0.76	0.71		-0.34	FUND
RQI	0.75	0.17	0.6	-0.17	0.58	0.55	-0.15	-0.1	-0.34		RQI
	EOT	JHI	MFM	CBH	RFMZ	CXH	ETB	ACV	FUND	RQI

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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

ETB	+ 0.95	CBH
RFMZ	+ 0.85	MFM
ACV	+ 0.85	ETB
CBH	+ 0.83	JHI
CXH	+ 0.78	MFM
CXH	+ 0.78	RFMZ

High negative correlations

FUND	- 0.39	MFM
FUND	- 0.39	EOT
RQI	- 0.34	FUND
CBH	- 0.26	MFM
ETB	- 0.2	MFM
FUND	- 0.19	RFMZ

Risk-Adjusted Indicators

There is a big difference between Barings Stock performing well and Barings Corporate Company 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 Corporate'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
EOT	0.35	0.00	(0.25)	0.06	0.42	(0.41)	0.75	(0.87)	2.08
JHI	0.28	0.07	(0.10)	0.76	0.00	(0.32)	0.75	(0.56)	1.92
MFM	0.43	0.02	(0.21)	0.04	0.54	(0.53)	0.89	(1.06)	2.71
CBH	0.13	0.04	(0.41)	(4.02)	0.00	(0.18)	0.22	(0.22)	0.78
RFMZ	0.41	0.01	(0.18)	(0.50)	0.57	(0.42)	0.70	(0.99)	2.66
CXH	0.33	0.03	(0.20)	(0.11)	0.42	(0.35)	0.62	(0.74)	2.10
ETB	0.40	0.07	0.01	0.26	0.29	(0.44)	0.92	(0.91)	2.42
ACV	0.61	0.03	0.00	0.16	0.69	(0.65)	1.46	(1.22)	4.20
FUND	0.64	(0.04)	(0.06)	0.07	0.77	(0.70)	1.31	(1.26)	4.79
RQI	0.99	0.09	(0.02)	0.82	1.08	(1.10)	1.84	(1.94)	5.66

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