Barings BDC Correlations

BBDC Stock

USD 9.51 0.12 1.28%

The current 90-days correlation between Barings BDC and Runway Growth Finance is 0.53 (i.e., Very weak diversification). The correlation of Barings BDC 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 BDC Correlation With Market

Average diversification

The correlation between Barings BDC 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 BDC 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 BDC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Barings Stock refer to our How to Trade Barings Stock guide.

Moving together with Barings Stock

0.85	V	Visa Class A	Pair Corr
0.88	MA	Mastercard	Pair Corr
0.64	NISN	Nisun International	Pair Corr
0.62	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.84	WRLD	World Acceptance	Pair Corr
0.62	OBDC	Blue Owl Capital	Pair Corr
0.72	OCSL	Oaktree Specialty Lending	Pair Corr
0.73	AGM	Federal Agricultural	Pair Corr
0.72	COF	Capital One Financial	Pair Corr
0.61	OPFI	OppFi Inc	Pair Corr
0.79	OPRT	Oportun Financial Corp	Pair Corr
0.62	NNI	Nelnet Inc	Pair Corr
0.79	SLM	SLM Corp	Pair Corr

Moving against Barings Stock

0.77	MFIN	Medallion Financial Corp	Pair Corr
0.41	LC	LendingClub Corp	Pair Corr
0.34	IX	Orix Corp Ads	Pair Corr
0.5	FOA	Finance of America Normal Trading	Pair Corr

Related Correlations Analysis

	ORCC	RWAY	OMF	NAVI	OCSL	ALLY	GDOT	AGM	CPSS
ORCC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ORCC
RWAY	0.0		0.72	0.56	0.44	0.69	-0.06	0.41	0.52	RWAY
OMF	0.0	0.72		0.5	0.04	0.81	0.47	0.31	0.83	OMF
NAVI	0.0	0.56	0.5		0.51	0.53	-0.16	0.51	0.24	NAVI
OCSL	0.0	0.44	0.04	0.51		0.26	-0.65	0.57	-0.33	OCSL
ALLY	0.0	0.69	0.81	0.53	0.26		0.2	0.37	0.6	ALLY
GDOT	0.0	-0.06	0.47	-0.16	-0.65	0.2		-0.11	0.64	GDOT
AGM	0.0	0.41	0.31	0.51	0.57	0.37	-0.11		-0.07	AGM
CPSS	0.0	0.52	0.83	0.24	-0.33	0.6	0.64	-0.07		CPSS
	ORCC	RWAY	OMF	NAVI	OCSL	ALLY	GDOT	AGM	CPSS

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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

CPSS	+ 0.83	OMF
ALLY	+ 0.81	OMF
OMF	+ 0.72	RWAY
ALLY	+ 0.69	RWAY
CPSS	+ 0.64	GDOT
CPSS	+ 0.6	ALLY

High negative correlations

GDOT	- 0.65	OCSL
CPSS	- 0.33	OCSL
GDOT	- 0.16	NAVI
AGM	- 0.11	GDOT
CPSS	- 0.07	AGM
GDOT	- 0.06	RWAY

Risk-Adjusted Indicators

There is a big difference between Barings Stock performing well and Barings BDC 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 BDC'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
ORCC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RWAY	0.81	0.04	0.09	0.18	0.99	(0.87)	1.50	(1.53)	5.16
OMF	1.50	(0.04)	0.00	0.18	0.00	0.00	3.17	(3.27)	8.25
NAVI	1.48	(0.06)	0.00	(0.55)	0.00	0.00	2.47	(3.29)	8.62
OCSL	0.74	0.12	0.18	0.67	0.82	(0.85)	1.54	(1.44)	4.43
ALLY	1.49	0.01	0.00	(0.07)	0.00	0.00	3.30	(3.67)	10.23
GDOT	2.48	(0.57)	0.00	0.72	0.00	0.00	3.80	(5.87)	20.44
AGM	1.06	(0.05)	0.00	0.07	0.00	0.00	2.62	(2.53)	10.51
CPSS	1.85	(0.29)	0.00	1.81	0.00	0.00	2.95	(3.62)	12.39

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