Barings Global Correlations
| BXFAX Fund | USD 8.63 0.00 0.00% |
The current 90-days correlation between Barings Global Floating and Specialized Technology Fund is 0.09 (i.e., Significant diversification). The correlation of Barings Global 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 Global Correlation With Market
Significant diversification
The correlation between Barings Global Floating and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Global Floating and DJI in the same portfolio, assuming nothing else is changed.
Barings |
Moving together with Barings Mutual Fund
| 0.61 | BXECX | Barings Emerging Markets | PairCorr |
| 0.89 | BXFIX | Barings Global Floating | PairCorr |
| 0.98 | BXFCX | Barings Global Floating | PairCorr |
| 0.99 | BXFYX | Barings Global Floating | PairCorr |
| 0.85 | BXHCX | Barings High Yield | PairCorr |
| 0.92 | BXICX | Barings Global Credit | PairCorr |
| 0.9 | BXIAX | Barings Global Credit | PairCorr |
| 0.82 | BXHYX | Barings High Yield | PairCorr |
| 0.91 | BXIYX | Barings Global Credit | PairCorr |
| 0.84 | BXITX | Barings Global Credit | PairCorr |
| 0.82 | OOSYX | Oppenheimer Senior | PairCorr |
| 0.81 | OOSIX | Oppenheimer Senior | PairCorr |
| 0.86 | LFRIX | Floating Rate | PairCorr |
| 0.88 | LARCX | Floating Rate | PairCorr |
| 0.86 | LFRRX | Lord Abbett Inv | PairCorr |
| 0.83 | LFRFX | Floating Rate | PairCorr |
| 0.95 | LRRRX | Floating Rate | PairCorr |
| 0.86 | LRRTX | Floating Rate | PairCorr |
| 0.85 | LRRVX | Floating Rate | PairCorr |
| 0.83 | LRRKX | Floating Rate | PairCorr |
| 0.69 | FSMMX | Fs Multi Strategy | PairCorr |
Related Correlations Analysis
| 0.18 | 0.93 | 0.82 | 0.96 | 0.98 | 0.87 | WFSTX | ||
| 0.18 | 0.1 | 0.19 | 0.08 | 0.15 | 0.13 | FRBRX | ||
| 0.93 | 0.1 | 0.66 | 0.96 | 0.96 | 0.92 | BGSCX | ||
| 0.82 | 0.19 | 0.66 | 0.78 | 0.81 | 0.6 | TEFQX | ||
| 0.96 | 0.08 | 0.96 | 0.78 | 0.99 | 0.89 | WSTRX | ||
| 0.98 | 0.15 | 0.96 | 0.81 | 0.99 | 0.89 | DTEYX | ||
| 0.87 | 0.13 | 0.92 | 0.6 | 0.89 | 0.89 | JNGTX | ||
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Risk-Adjusted Indicators
There is a big difference between Barings Mutual Fund performing well and Barings Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WFSTX | 0.93 | (0.09) | 0.00 | (0.08) | 0.00 | 1.81 | 4.93 | |||
| FRBRX | 1.13 | (0.18) | 0.00 | (0.23) | 0.00 | 2.24 | 7.79 | |||
| BGSCX | 1.48 | (0.16) | 0.00 | (0.12) | 0.00 | 2.37 | 9.08 | |||
| TEFQX | 1.72 | 0.01 | 0.01 | 0.01 | 2.58 | 3.08 | 10.40 | |||
| WSTRX | 1.34 | (0.10) | 0.00 | (0.08) | 0.00 | 2.25 | 7.04 | |||
| DTEYX | 1.40 | (0.11) | 0.00 | (0.08) | 0.00 | 2.50 | 7.35 | |||
| JNGTX | 1.20 | (0.12) | 0.00 | 0.43 | 0.00 | 2.00 | 6.41 |