Barrow Hanley Correlations

BVOIX Fund

USD 11.59 0.01 0.09%

The current 90-days correlation between Barrow Hanley Value and T Rowe Price is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Barrow Hanley Value and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrow Hanley Value 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 Value. 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	BTRIX	Bmo In Retirement	Pair Corr
0.74	BEMVX	Advisors Inner Circle	Pair Corr
0.71	BEOIX	Barrow Hanley Concen	Pair Corr
0.68	BNIVX	Advisors Inner Circle	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.85	DOXGX	Dodge Cox Stock	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr
0.91	FFMMX	American Funds American	Pair Corr
0.91	FFFMX	American Funds American	Pair Corr
0.91	AMRMX	American Mutual	Pair Corr
0.91	AMFFX	American Mutual	Pair Corr
0.91	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.9	VIVAX	Vanguard Value Index	Pair Corr
0.69	UBPSX	Ultralatin America	Pair Corr
0.72	RYCTX	Sp 500 2x	Pair Corr

Moving against Barrow Mutual Fund

0.37	BFRNX	Barrow Hanley Floating	Pair Corr
0.61	RRPIX	Rising Rates Opportunity	Pair Corr
0.53	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.48	CFDRX	Columbia Mid Cap	Pair Corr
0.46	NTG	Tortoise Mlp Closed	Pair Corr
0.43	FULIX	Federated Ultrashort Bond	Pair Corr
0.4	TFBYX	American Beacon Twen	Pair Corr
0.38	GSFRX	Goldman Sachs High	Pair Corr
0.32	TTP	Tortoise Pipeline And	Pair Corr
0.31	ALCFX	Alger Capital Apprec	Pair Corr

Related Correlations Analysis

	PRNHX	HGOFX	UPDDX	TEGAX	HSUAX	NEAIX	TAAEX	MPGFX
PRNHX		0.47	0.5	0.92	0.65	0.69	0.63	0.85	PRNHX
HGOFX	0.47		0.94	0.66	0.95	0.73	0.93	0.13	HGOFX
UPDDX	0.5	0.94		0.65	0.88	0.76	0.82	0.24	UPDDX
TEGAX	0.92	0.66	0.65		0.79	0.77	0.8	0.74	TEGAX
HSUAX	0.65	0.95	0.88	0.79		0.81	0.95	0.36	HSUAX
NEAIX	0.69	0.73	0.76	0.77	0.81		0.73	0.5	NEAIX
TAAEX	0.63	0.93	0.82	0.8	0.95	0.73		0.27	TAAEX
MPGFX	0.85	0.13	0.24	0.74	0.36	0.5	0.27		MPGFX
	PRNHX	HGOFX	UPDDX	TEGAX	HSUAX	NEAIX	TAAEX	MPGFX

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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
PRNHX	0.82	0.02	0.01	0.06	1.15	(0.86)	1.67	(1.34)	7.56
HGOFX	0.85	0.14	0.09	0.54	1.20	(0.82)	1.70	(1.93)	5.92
UPDDX	1.21	0.15	0.09	0.33	1.35	(1.29)	2.68	(2.57)	8.50
TEGAX	0.94	0.07	0.05	0.17	1.20	(0.95)	2.13	(1.66)	7.72
HSUAX	0.71	0.08	0.06	0.59	0.91	(0.78)	1.24	(1.23)	6.61
NEAIX	1.06	0.04	0.02	0.10	1.19	(1.18)	2.19	(1.59)	8.12
TAAEX	1.35	0.39	0.22	2.51	1.29	(1.56)	3.09	(1.92)	12.35
MPGFX	0.61	(0.02)	0.00	(0.07)	0.00	0.00	1.15	(1.31)	6.44

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