Barings Active Correlations

Mutual Funds . USA . 
Fund . Barings Active Short
BXDCX Fund  USD 9.31  0.01  0.11%   
The current 90-days correlation between Barings Active Short and First Eagle Gold is -0.08 (i.e., Good diversification). The correlation of Barings Active 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.

Barings Active Correlation With Market

Very good diversification

The correlation between Barings Active Short and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Active Short 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 Active Short. 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 main economic indicators.

Moving together with Barings Mutual Fund

  0.95BXECX Barings Emerging MarketsPairCorr
  0.68BXEAX Barings Emerging MarketsPairCorr
  0.66BXDYX Barings Active ShortPairCorr
  0.7BXFIX Barings Global FloatingPairCorr
  0.67BXEYX Barings Emerging MarketsPairCorr
  0.67BXEIX Barings Emerging MarketsPairCorr
  0.76BXHCX Barings High YieldPairCorr
  0.65BXICX Barings Global CreditPairCorr
  0.69BXIAX Barings Global CreditPairCorr
  0.61BXHYX Barings High YieldPairCorr
  0.69BXIYX Barings Global CreditPairCorr
  0.71BXITX Barings Global CreditPairCorr
  0.73VBIRX Vanguard Short TermPairCorr
  0.65VFSUX Vanguard Short TermPairCorr
  0.73VFSIX Vanguard Short TermPairCorr
  0.73VFSTX Vanguard Short TermPairCorr
  0.72VBITX Vanguard Short TermPairCorr
  0.63VBISX Vanguard Short TermPairCorr
  0.72LALDX Lord Abbett ShortPairCorr
  0.69VSCSX Vanguard Short TermPairCorr
  0.67LDLAX Lord Abbett ShortPairCorr
  0.68LDLRX Lord Abbett ShortPairCorr
  0.68NHS Neuberger Berman HighPairCorr
  0.67PFO Flaherty CrumrinePairCorr
  0.75PFIAX Pimco Floating IncomePairCorr
  0.73MBFAX Total Return BondPairCorr
  0.68JOEAX Johcm Emerging MarketsPairCorr
  0.62EGRIX Eaton Vance GlobalPairCorr
  0.64NRIQX Neuberger Berman IntPairCorr
  0.65LCRVX Lord Abbett EPairCorr
  0.72USGNX Government SecuritiesPairCorr
  0.71PPFFX American Funds PresePairCorr
  0.76FSGIX Federated Gov SecPairCorr
  0.7FHMIX Federated Hermes ConPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Active 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 Barings Active'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.

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