Barings Global Correlations

Mutual Funds . USA . 
Fund . Barings Global Floating
BXFYX Fund  USD 8.64  0.01  0.12%   
The current 90-days correlation between Barings Global Floating and Barings Active Short is 0.54 (i.e., Very weak 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 -0.19 (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 manufacturing.

Moving together with Barings Mutual Fund

  0.61BXECX Barings Emerging MarketsPairCorr
  0.9BXFIX Barings Global FloatingPairCorr
  0.99BXFCX Barings Global FloatingPairCorr
  0.99BXFAX Barings Global FloatingPairCorr
  0.83BXHCX Barings High YieldPairCorr
  0.92BXICX Barings Global CreditPairCorr
  0.89BXIAX Barings Global CreditPairCorr
  0.81BXHYX Barings High YieldPairCorr
  0.9BXIYX Barings Global CreditPairCorr
  0.84BXITX Barings Global CreditPairCorr
  0.77OOSYX Oppenheimer SeniorPairCorr
  0.83OOSIX Oppenheimer SeniorPairCorr
  0.87LFRIX Floating RatePairCorr
  0.89LARCX Floating RatePairCorr
  0.87LFRRX Lord Abbett InvPairCorr
  0.83LFRFX Floating RatePairCorr
  0.95LRRRX Floating RatePairCorr
  0.87LRRTX Floating RatePairCorr
  0.86LRRVX Floating RatePairCorr
  0.83LRRKX Floating RatePairCorr
  0.68FSMMX Fs Multi StrategyPairCorr

Related Correlations Analysis

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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.

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