Barings Global Correlations

BXFCX Fund

USD 8.59 0.01 0.12%

The current 90-days correlation between Barings Global Floating and Barings Active Short is 0.49 (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

Weak diversification

The correlation between Barings Global Floating and DJI is 0.32 (i.e., Weak 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 main economic indicators.

Moving together with Barings Mutual Fund

0.9	BXDCX	Barings Active Short	Pair Corr
0.91	BXDYX	Barings Active Short	Pair Corr
1.0	BXFIX	Barings Global Floating	Pair Corr
0.99	BXFAX	Barings Global Floating	Pair Corr
1.0	BXFYX	Barings Global Floating	Pair Corr
0.97	BXHCX	Barings High Yield	Pair Corr
0.98	BXICX	Barings Global Credit	Pair Corr
0.98	BXIAX	Barings Global Credit	Pair Corr
0.97	BXHYX	Barings High Yield	Pair Corr
0.98	BXIYX	Barings Global Credit	Pair Corr
0.98	BXITX	Barings Global Credit	Pair Corr
0.99	OOSYX	Oppenheimer Senior	Pair Corr
0.98	OOSIX	Oppenheimer Senior	Pair Corr
0.98	LFRIX	Floating Rate	Pair Corr
0.98	LARCX	Floating Rate	Pair Corr
0.98	LFRRX	Lord Abbett Inv	Pair Corr
0.98	LFRFX	Floating Rate	Pair Corr
0.99	LRRRX	Floating Rate	Pair Corr
0.99	LRRTX	Floating Rate	Pair Corr
0.98	LRRVX	Floating Rate	Pair Corr
0.99	LRRKX	Floating Rate	Pair Corr
0.98	FTYPX	Fidelity Freedom Index	Pair Corr
0.98	FFBTX	Fidelity Freedom Blend	Pair Corr
0.72	GAAVX	Gmo Alternative Allo	Pair Corr
0.96	GCAVX	Gmo Small Cap	Pair Corr
0.97	GQLOX	Gmo Quality Fund	Pair Corr
0.97	GHVIX	Gmo High Yield	Pair Corr
0.97	GMCQX	Gmo Equity Allocation	Pair Corr
0.95	FCNIX	Fidelity Advisor Sumer	Pair Corr
0.98	TSAIX	Tiaa Cref Lifestyle	Pair Corr
0.98	NAVFX	Sector Rotation	Pair Corr
0.97	LDVAX	Leland Thomson Reuters	Pair Corr
0.97	GGFSX	Gabelli Global Financial	Pair Corr
0.62	IGBZX	Voya Global Bond	Pair Corr

Related Correlations Analysis

	BXDCX	BXECX	BXEAX	BXDYX	BXFIX	BXFCX	BXFAX	BXEYX	BXEIX
BXDCX		0.0	0.0	1.0	0.9	0.9	0.9	0.0	0.0	BXDCX
BXECX	0.0		-1.0	0.0	0.0	0.0	0.0	1.0	-1.0	BXECX
BXEAX	0.0	-1.0		0.0	0.0	0.0	0.0	-1.0	1.0	BXEAX
BXDYX	1.0	0.0	0.0		0.92	0.91	0.91	0.0	0.0	BXDYX
BXFIX	0.9	0.0	0.0	0.92		1.0	0.99	0.0	0.0	BXFIX
BXFCX	0.9	0.0	0.0	0.91	1.0		0.99	0.0	0.0	BXFCX
BXFAX	0.9	0.0	0.0	0.91	0.99	0.99		0.0	0.0	BXFAX
BXEYX	0.0	1.0	-1.0	0.0	0.0	0.0	0.0		-1.0	BXEYX
BXEIX	0.0	-1.0	1.0	0.0	0.0	0.0	0.0	-1.0		BXEIX
	BXDCX	BXECX	BXEAX	BXDYX	BXFIX	BXFCX	BXFAX	BXEYX	BXEIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BXDYX	+ 1.0	BXDCX
BXEYX	+ 1.0	BXECX
BXEIX	+ 1.0	BXEAX
BXFCX	+ 1.0	BXFIX
BXFAX	+ 0.99	BXFIX
BXFAX	+ 0.99	BXFCX

High negative correlations

BXEIX	- 1.0	BXEYX
BXEYX	- 1.0	BXEAX
BXEIX	- 1.0	BXECX
BXEAX	- 1.0	BXECX
BXEIX	- 0.0	BXFAX
BXEYX	- 0.0	BXFAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDCX	0.08	0.00	(0.78)	0.00	(0.16)	0.22	(0.11)	0.76
BXECX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXEAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXDYX	0.09	0.00	(0.75)	0.00	(0.17)	0.22	(0.11)	0.76
BXFIX	0.10	0.04	(0.66)	1.18	(0.21)	0.48	(0.12)	0.71
BXFCX	0.10	0.04	(0.68)	0.94	(0.19)	0.36	(0.12)	0.60
BXFAX	0.10	0.05	0.00	6.57	0.00	0.47	(0.12)	0.60
BXEYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXEIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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