Barings Emerging Correlations

BXEAX Fund

USD 7.60 0.00 0.00%

The current 90-days correlation between Barings Emerging Markets and Barings Emerging Markets is 0.95 (i.e., Almost no diversification). The correlation of Barings Emerging 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 Emerging Correlation With Market

Very good diversification

The correlation between Barings Emerging Markets and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Emerging Markets 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 Emerging Markets. 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 nation.

Moving together with Barings Mutual Fund

0.96	BXDCX	Barings Active Short	Pair Corr
1.0	BXECX	Barings Emerging Markets	Pair Corr
0.7	BXFIX	Barings Global Floating	Pair Corr
0.82	BXHCX	Barings High Yield	Pair Corr
0.94	FGBMX	Fidelity New Markets	Pair Corr
0.94	FGZMX	Fidelity New Markets	Pair Corr
0.94	FGWMX	Fidelity New Markets	Pair Corr
0.94	FGVMX	Fidelity New Markets	Pair Corr
0.93	FGYMX	Fidelity New Markets	Pair Corr
0.94	MEDIX	Mfs Emerging Markets	Pair Corr
0.93	MEDCX	Mfs Emerging Markets	Pair Corr
0.94	MEDAX	Mfs Emerging Markets	Pair Corr
0.93	MEDBX	Mfs Emerging Markets	Pair Corr
0.94	MEDEX	Mfs Emerging Markets	Pair Corr
0.96	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.63	UIPIX	Ultrashort Mid Cap	Pair Corr
0.95	FTCAX	Templeton Strained Bond	Pair Corr
0.88	SGDLX	Sprott Gold Equity	Pair Corr
0.88	DLDFX	Destinations Low Duration	Pair Corr
0.95	GIOIX	Guggenheim Macro Opp	Pair Corr
0.88	USGDX	Morgan Stanley Government	Pair Corr
0.84	UTF	Cohen And Steers	Pair Corr
0.81	EBSIX	Campbell Systematic Macro	Pair Corr
0.9	VICSX	Vanguard Intermediate-ter	Pair Corr
0.87	HTD	John Hancock Tax	Pair Corr
0.64	TIMUX	Transamerica Intermediate	Pair Corr
0.97	ARBOX	Absolute Convertible	Pair Corr
0.9	HRBDX	Harbor Bond Fund	Pair Corr
0.88	DBIWX	Dws Global Macro	Pair Corr
0.96	BISMX	Brandes International	Pair Corr
0.96	ABNOX	Ab Bond Inflation	Pair Corr

Moving against Barings Mutual Fund

0.89	TCTGX	Transamerica Cleartrack	Pair Corr
0.89	TCSUX	Cleartrack 2020 Class	Pair Corr
0.88	TDKTX	Cleartrack 2015 Class	Pair Corr
0.88	TCTJX	Transamerica Cleartrack	Pair Corr

Related Correlations Analysis

	BXEYX	BOSOX	BXEIX	MEMTX	BIGFX
BXEYX		-0.56	1.0	0.58	0.76	BXEYX
BOSOX	-0.56		-0.56	-0.02	-0.03	BOSOX
BXEIX	1.0	-0.56		0.58	0.76	BXEIX
MEMTX	0.58	-0.02	0.58		0.49	MEMTX
BIGFX	0.76	-0.03	0.76	0.49		BIGFX
	BXEYX	BOSOX	BXEIX	MEMTX	BIGFX

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

BXEIX	+ 1.0	BXEYX
BIGFX	+ 0.76	BXEYX
BIGFX	+ 0.76	BXEIX
MEMTX	+ 0.58	BXEYX
MEMTX	+ 0.58	BXEIX
BIGFX	+ 0.49	MEMTX

High negative correlations

BXEIX	- 0.56	BOSOX
BOSOX	- 0.56	BXEYX
BIGFX	- 0.03	BOSOX
MEMTX	- 0.02	BOSOX

Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Emerging 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 Emerging'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
BXEYX	0.20	0.04	0.14	(0.48)	0.00	(0.33)	0.55	(0.28)	1.48
BOSOX	0.84	(0.13)	0.00	(0.14)	0.00	0.00	1.35	(1.56)	3.67
BXEIX	0.20	0.04	0.14	(0.48)	0.00	(0.33)	0.55	(0.27)	1.21
MEMTX	0.18	(0.03)	0.00	(2.97)	0.00	0.00	0.38	(0.67)	1.24
BIGFX	0.65	0.02	0.02	0.04	0.89	(0.66)	1.23	(1.36)	5.44

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