Barings Us Correlations

BXHCX Fund

USD 8.07 0.01 0.12%

The current 90-days correlation between Barings High Yield and Gmo Global Equity is -0.16 (i.e., Good diversification). The correlation of Barings Us 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 Us Correlation With Market

Very weak diversification

The correlation between Barings High Yield and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings High Yield 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 High Yield. 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

0.9	VWEAX	Vanguard High Yield	Pair Corr
0.95	VWEHX	Vanguard High Yield	Pair Corr
0.99	BHYCX	Blackrock Hi Yld	Pair Corr
0.92	BHYIX	Blackrock High Yield	Pair Corr
0.92	BHYSX	Blackrock Hi Yld	Pair Corr
0.99	BHYAX	Blackrock High Yield	Pair Corr
0.91	FAHHX	American Funds American	Pair Corr
0.91	FTAHX	American Funds American	Pair Corr
0.91	AHTFX	American High Income	Pair Corr
0.91	AHTCX	American High Income	Pair Corr
0.69	BRUFX	Bruce Fund Bruce	Pair Corr
0.65	KF	Korea Closed	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.65	KO	Coca Cola Sell-off Trend	Pair Corr
0.75	GE	GE Aerospace	Pair Corr

Moving against Barings Mutual Fund

0.68	MRK	Merck Company	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.52	MSFT	Microsoft	Pair Corr
0.37	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	GMADX	BPGSX	DLGBX	SGMAX	VGRLX	WRLDX	QLMYIX
GMADX		0.7	0.55	0.84	0.73	0.78	0.72	GMADX
BPGSX	0.7		0.91	0.89	0.88	0.86	0.93	BPGSX
DLGBX	0.55	0.91		0.81	0.86	0.72	0.84	DLGBX
SGMAX	0.84	0.89	0.81		0.82	0.87	0.91	SGMAX
VGRLX	0.73	0.88	0.86	0.82		0.85	0.84	VGRLX
WRLDX	0.78	0.86	0.72	0.87	0.85		0.93	WRLDX
QLMYIX	0.72	0.93	0.84	0.91	0.84	0.93		QLMYIX
	GMADX	BPGSX	DLGBX	SGMAX	VGRLX	WRLDX	QLMYIX

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Us 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 Us' 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
GMADX	0.72	0.08	0.10	0.76	1.23	(0.76)	1.26	(1.19)	11.02
BPGSX	0.60	0.23	0.31	0.32	0.57	(0.68)	1.65	(0.98)	5.23
DLGBX	0.22	0.04	0.37	0.59	0.10	(0.28)	0.74	(0.37)	1.23
SGMAX	0.42	0.10	0.33	3.68	0.33	(0.51)	0.95	(0.72)	2.73
VGRLX	0.53	0.09	0.20	0.15	0.62	(0.56)	1.18	(1.34)	2.91
WRLDX	0.58	0.12	0.18	0.11	0.70	(0.60)	1.28	(1.46)	2.96
QLMYIX	0.13	0.03	0.44	0.30	0.00	(0.22)	0.33	(0.33)	0.99

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