Barrow Hanley Correlations

BEOIX Fund

USD 8.21 0.13 1.61%

The correlation of Barrow Hanley 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.

Barrow Hanley Correlation With Market

Average diversification

The correlation between Barrow Hanley Concentrated and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrow Hanley Concentrated 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 Barrow Hanley Concentrated. 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 gross domestic product.

Moving together with Barrow Mutual Fund

0.82	BVOIX	Barrow Hanley Value	Pair Corr
1.0	BEMVX	Advisors Inner Circle	Pair Corr
0.7	BNIVX	Advisors Inner Circle	Pair Corr
0.85	FWWNX	American Funds New	Pair Corr
0.85	FNFWX	American Funds New	Pair Corr
0.85	NEWFX	New World Fund	Pair Corr
0.86	NEWCX	New World Fund	Pair Corr
0.82	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Barrow Mutual Fund

0.49	BFRNX	Barrow Hanley Floating	Pair Corr
0.45	BCONX	Barrow Hanley Credit	Pair Corr
0.81	CRTOX	Conquer Risk Tactical	Pair Corr
0.8	HGOTX	Hartford Growth Oppo	Pair Corr
0.77	BITW	Bitwise 10 Crypto	Pair Corr
0.73	VTCAX	Vanguard Telecommunicatio	Pair Corr
0.6	PQTAX	Pimco Trends Managed	Pair Corr
0.57	BRSIX	Ultra Small Pany	Pair Corr
0.56	CFDRX	Columbia Mid Cap	Pair Corr
0.54	LGRAX	Lord Abbett Investment	Pair Corr
0.54	HMSFX	Hennessy Bp Midstream	Pair Corr
0.51	EFCAX	Emerald Insights	Pair Corr
0.5	VIGAX	Vanguard Growth Index	Pair Corr
0.43	BMGCX	Blackrock Mid Cap	Pair Corr

Related Correlations Analysis

	AGDZX	MFHVX	TAHFX	RYIHX	NEAIX	NMHYX	BXHCX
AGDZX		0.88	0.96	-0.26	0.82	0.95	0.93	AGDZX
MFHVX	0.88		0.87	-0.17	0.78	0.88	0.86	MFHVX
TAHFX	0.96	0.87		-0.38	0.79	0.91	0.98	TAHFX
RYIHX	-0.26	-0.17	-0.38		-0.47	-0.23	-0.49	RYIHX
NEAIX	0.82	0.78	0.79	-0.47		0.86	0.79	NEAIX
NMHYX	0.95	0.88	0.91	-0.23	0.86		0.88	NMHYX
BXHCX	0.93	0.86	0.98	-0.49	0.79	0.88		BXHCX
	AGDZX	MFHVX	TAHFX	RYIHX	NEAIX	NMHYX	BXHCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BXHCX	+ 0.98	TAHFX
TAHFX	+ 0.96	AGDZX
NMHYX	+ 0.95	AGDZX
BXHCX	+ 0.93	AGDZX
NMHYX	+ 0.91	TAHFX
MFHVX	+ 0.88	AGDZX

High negative correlations

BXHCX	- 0.49	RYIHX
NEAIX	- 0.47	RYIHX
RYIHX	- 0.38	TAHFX
RYIHX	- 0.26	AGDZX
NMHYX	- 0.23	RYIHX
RYIHX	- 0.17	MFHVX

Risk-Adjusted Indicators

There is a big difference between Barrow Mutual Fund performing well and Barrow Hanley 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 Barrow Hanley'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
AGDZX	0.11	(0.01)	(0.10)	(0.38)	0.11	(0.21)	0.29	(0.29)	1.14
MFHVX	0.10	0.00	(0.06)	0.04	0.11	(0.15)	0.24	(0.24)	1.18
TAHFX	0.12	(0.01)	(0.11)	(1.03)	0.14	(0.19)	0.24	(0.24)	1.21
RYIHX	0.22	0.02	0.02	(0.41)	0.13	(0.31)	0.46	(0.38)	1.73
NEAIX	1.06	0.04	0.02	0.10	1.19	(1.18)	2.19	(1.59)	8.12
NMHYX	0.09	0.00	(0.08)	(0.05)	0.08	(0.13)	0.12	(0.24)	0.72
BXHCX	0.10	(0.01)	(0.11)	(0.43)	0.14	(0.17)	0.12	(0.25)	1.11

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC