Barrow Hanley Correlations

BFRNX Fund

USD 9.81 0.01 0.10%

The current 90-days correlation between Barrow Hanley Floating and Ab Bond Inflation is 0.16 (i.e., Average diversification). 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

Weak diversification

The correlation between Barrow Hanley Floating and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrow Hanley 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 Barrow Hanley 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 board of governors.

Moving together with Barrow Mutual Fund

0.93	BCONX	Barrow Hanley Credit	Pair Corr
0.75	OOSYX	Oppenheimer Senior	Pair Corr
0.77	OOSIX	Oppenheimer Senior	Pair Corr
0.79	LFRIX	Floating Rate	Pair Corr
0.81	LARCX	Floating Rate	Pair Corr
0.78	LFRRX	Lord Abbett Inv	Pair Corr
0.78	LFRFX	Floating Rate	Pair Corr
0.81	LRRRX	Floating Rate	Pair Corr
0.79	LRRTX	Floating Rate	Pair Corr
0.77	LRRVX	Floating Rate	Pair Corr
0.77	LRRKX	Floating Rate	Pair Corr
0.71	NHS	Neuberger Berman High	Pair Corr
0.66	AIDYX	Diversified Municipal	Pair Corr
0.84	MSFAX	Global Franchise Por	Pair Corr
0.83	SAAAX	Simt Multi Asset	Pair Corr
0.78	PAFRX	T Rowe Price	Pair Corr
0.86	FHBRX	Federated High Income	Pair Corr
0.62	ETSIX	Eaton Vance Short	Pair Corr
0.71	JMKIX	Emerging Markets Debt	Pair Corr
0.79	RBBCX	Columbia Income Builder	Pair Corr
0.88	SHYAX	Simt High Yield	Pair Corr

Related Correlations Analysis

	ABNTX	TTRBX	GUGAX	LBORX	PACEX	NWJVX	GPBFX
ABNTX		0.99	0.97	0.91	0.96	0.96	0.73	ABNTX
TTRBX	0.99		0.98	0.91	0.96	0.95	0.78	TTRBX
GUGAX	0.97	0.98		0.94	0.96	0.92	0.83	GUGAX
LBORX	0.91	0.91	0.94		0.93	0.84	0.82	LBORX
PACEX	0.96	0.96	0.96	0.93		0.92	0.79	PACEX
NWJVX	0.96	0.95	0.92	0.84	0.92		0.61	NWJVX
GPBFX	0.73	0.78	0.83	0.82	0.79	0.61		GPBFX
	ABNTX	TTRBX	GUGAX	LBORX	PACEX	NWJVX	GPBFX

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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
ABNTX	0.16	0.02	0.40	1.57	0.00	(0.21)	0.30	(0.39)	0.99
TTRBX	0.16	0.01	0.39	0.46	0.10	(0.19)	0.40	(0.30)	0.82
GUGAX	0.23	0.02	0.30	0.68	0.19	(0.27)	0.47	(0.41)	1.42
LBORX	0.34	0.03	0.21	0.24	0.34	(0.42)	0.85	(0.62)	1.71
PACEX	0.12	0.01	0.45	(0.32)	0.00	(0.20)	0.33	(0.22)	0.76
NWJVX	0.08	0.01	0.68	0.92	0.00	(0.14)	0.20	(0.10)	0.61
GPBFX	0.22	0.05	0.48	0.77	0.00	(0.27)	0.52	(0.34)	1.47

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Barrow Hanley Correlations

Barrow Hanley Correlation With Market

Weak diversification

Moving together with Barrow Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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