Barings Global Correlations

BXFIX Fund

USD 8.64 0.01 0.12%

The current 90-days correlation between Barings Global Floating and Dreyfusstandish Global Fixed is 0.19 (i.e., Average 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

Good diversification

The correlation between Barings Global Floating and DJI is -0.14 (i.e., Good 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barings Global 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 gross domestic product.

Moving together with Barings Mutual Fund

0.67	BXDCX	Barings Active Short	Pair Corr
0.71	BXECX	Barings Emerging Markets	Pair Corr
0.7	BXEAX	Barings Emerging Markets	Pair Corr
0.69	BXDYX	Barings Active Short	Pair Corr
0.9	BXFCX	Barings Global Floating	Pair Corr
0.89	BXFAX	Barings Global Floating	Pair Corr
0.7	BXEIX	Barings Emerging Markets	Pair Corr
1.0	BXFYX	Barings Global Floating	Pair Corr
0.9	BXHCX	Barings High Yield	Pair Corr
0.76	BXICX	Barings Global Credit	Pair Corr
0.73	BXIAX	Barings Global Credit	Pair Corr
0.89	BXHYX	Barings High Yield	Pair Corr
0.71	BXIYX	Barings Global Credit	Pair Corr
0.93	BXITX	Barings Global Credit	Pair Corr
0.79	OOSYX	Oppenheimer Senior	Pair Corr
0.84	OOSIX	Oppenheimer Senior	Pair Corr
0.89	LFRIX	Floating Rate	Pair Corr
0.89	LARCX	Floating Rate	Pair Corr
0.89	LFRRX	Lord Abbett Inv	Pair Corr
0.96	LFRFX	Floating Rate	Pair Corr
0.81	LRRRX	Floating Rate	Pair Corr
0.89	LRRTX	Floating Rate	Pair Corr
0.89	LRRVX	Floating Rate	Pair Corr
0.86	LRRKX	Floating Rate	Pair Corr
0.75	FSMMX	Fs Multi Strategy	Pair Corr
0.63	BTMPX	Ishares Msci Eafe	Pair Corr
0.63	BTMKX	Blackrock International	Pair Corr
0.63	MDIIX	Blackrock Intern Index	Pair Corr

Related Correlations Analysis

	DHGCX	MSTGX	TEDIX	AEEIX	ANAZX	ANAGX	GMADX	NGJCX	XEHIX
DHGCX		0.81	0.74	0.78	0.98	0.97	0.6	0.79	0.35	DHGCX
MSTGX	0.81		0.89	0.76	0.87	0.87	0.81	0.78	0.06	MSTGX
TEDIX	0.74	0.89		0.69	0.78	0.78	0.74	0.73	0.23	TEDIX
AEEIX	0.78	0.76	0.69		0.76	0.76	0.8	0.99	0.32	AEEIX
ANAZX	0.98	0.87	0.78	0.76		1.0	0.63	0.77	0.26	ANAZX
ANAGX	0.97	0.87	0.78	0.76	1.0		0.63	0.78	0.24	ANAGX
GMADX	0.6	0.81	0.74	0.8	0.63	0.63		0.82	0.06	GMADX
NGJCX	0.79	0.78	0.73	0.99	0.77	0.78	0.82		0.28	NGJCX
XEHIX	0.35	0.06	0.23	0.32	0.26	0.24	0.06	0.28		XEHIX
	DHGCX	MSTGX	TEDIX	AEEIX	ANAZX	ANAGX	GMADX	NGJCX	XEHIX

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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
DHGCX	0.18	(0.01)	0.00	0.54	0.00	0.00	0.36	(0.36)	1.46
MSTGX	0.30	0.05	0.09	(0.50)	0.33	(0.34)	0.74	(0.62)	1.58
TEDIX	0.65	0.00	0.00	0.00	1.60	(0.57)	1.01	(1.47)	7.35
AEEIX	0.79	(0.02)	0.00	(0.03)	0.00	0.00	1.53	(1.47)	4.38
ANAZX	0.18	0.00	(0.02)	0.07	0.19	(0.29)	0.44	(0.44)	1.32
ANAGX	0.19	0.00	(0.02)	0.12	0.20	(0.27)	0.44	(0.44)	1.46
GMADX	0.73	0.04	0.03	0.06	1.30	(0.73)	1.26	(1.63)	11.02
NGJCX	0.76	(0.02)	0.00	(0.02)	0.00	0.00	1.41	(1.42)	4.11
XEHIX	0.22	(0.05)	0.00	0.91	0.00	0.00	0.43	(0.72)	1.74

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Barings Global Correlations

Barings Global Correlation With Market

Good diversification

Moving together with Barings Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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