Barings High Correlations

Mutual Funds . USA . 
Fund . Barings High Yield
BXHCX Fund  USD 8.11  0.01  0.12%   
The current 90-days correlation between Barings High Yield and Columbia Convertible Securities is 0.72 (i.e., Poor diversification). The correlation of Barings High 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 High Correlation With Market

Average diversification

The correlation between Barings High Yield and DJI is 0.15 (i.e., Average 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

  0.73BXDCX Barings Active ShortPairCorr
  0.69BXDYX Barings Active ShortPairCorr
  0.95BXFIX Barings Global FloatingPairCorr
  0.97BXFCX Barings Global FloatingPairCorr
  0.96BXFAX Barings Global FloatingPairCorr
  0.96BXFYX Barings Global FloatingPairCorr
  0.97BXICX Barings Global CreditPairCorr
  0.98BXIAX Barings Global CreditPairCorr
  0.99BXHYX Barings High YieldPairCorr
  0.97BXIYX Barings Global CreditPairCorr
  0.98BXITX Barings Global CreditPairCorr
  0.93VWEAX Vanguard High YieldPairCorr
  0.96VWEHX Vanguard High YieldPairCorr
  1.0BHYCX Blackrock Hi YldPairCorr
  0.95BHYIX Blackrock High YieldPairCorr
  0.95BHYSX Blackrock Hi YldPairCorr
  0.95BHYAX Blackrock High YieldPairCorr
  0.94FAHHX American Funds AmericanPairCorr
  0.94FTAHX American Funds AmericanPairCorr
  0.96AHTFX American High IncomePairCorr
  0.92AHTCX American High IncomePairCorr
  0.8HLDIX Hartford EmergingPairCorr
  0.79HLDRX Hartford EmergingPairCorr
  0.79HLDAX Hartford EmergingPairCorr
  0.8HLDCX Hartford EmergingPairCorr
  0.8HLDTX Hartford EmergingPairCorr
  0.74ARINX Archer IncomePairCorr
  0.85IAE Voya Asia PacificPairCorr
  0.91VIGAX Vanguard Growth IndexPairCorr
  0.86USNQX Nasdaq 100 IndexPairCorr
  0.99TIHYX Tiaa-cref High-yieldPairCorr
  0.9BIEMX William Blair EmergingPairCorr
  0.87WBGSX William Blair GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings High 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 High'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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