Barrow Hanley Correlations

Mutual Funds . USA . 
Fund . Barrow Hanley Credit
BCONX Fund  USD 9.69  0.01  0.10%   
The correlation of Barrow Hanley 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.

Barrow Hanley Correlation With Market

Poor diversification

The correlation between Barrow Hanley Credit and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrow Hanley Credit 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 Barrow Hanley Credit. 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 board of governors.

Moving together with Barrow Mutual Fund

  0.97BVOIX Barrow Hanley ValuePairCorr
  0.96BEMVX Advisors Inner CirclePairCorr
  0.97BEOIX Barrow Hanley ConcenPairCorr
  0.99BFRNX Barrow Hanley FloatingPairCorr
  0.98BNIVX Advisors Inner CirclePairCorr
  0.75VWEAX Vanguard High YieldPairCorr
  0.67VWEHX Vanguard High YieldPairCorr
  0.66BHYCX Blackrock Hi YldPairCorr
  0.66BHYIX Blackrock High YieldPairCorr
  0.73BHYSX Blackrock Hi YldPairCorr
  0.65BHYAX Blackrock High YieldPairCorr
  0.61AHTFX American High IncomePairCorr
  0.7CPAYX Columbia Pacific/asiaPairCorr
  0.97MSHLX Growth Portfolio Class Steady GrowthPairCorr
  0.7MSKLX Mid Cap GrowthPairCorr
  0.72CISGX Touchstone Sands CapitalPairCorr
  0.97CVKFX Pioneer Disciplined ValuePairCorr
  0.96TSLIX Transamerica Small CapPairCorr
  0.99PNRAX Putnam ResearchPairCorr
  0.99OWLSX Old Westbury LargePairCorr
  0.64ECTGX Eaton Vance TaxPairCorr
  0.63MCFCX Miller Vertible BondPairCorr
  0.95SMVLX Smead Value Fund Potential GrowthPairCorr
  0.95JSEQX Jpmorgan Small CapPairCorr
  0.98BRXSX Mfs Blended ResearchPairCorr
  0.97MAHIX Litman Gregory MastersPairCorr
  0.93CSFCX Cohen Steers GlobalPairCorr
  0.98WSCOX Wells Fargo AdvantagePairCorr
  0.98GPIOX Grandeur Peak InternPairCorr
  0.72TIERX Tiaa Cref InternationalPairCorr
  0.96ARIBX Aristotle Funds SeriesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Barrow Mutual Fund performing well and Barrow Hanley 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 Barrow Hanley'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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