Barings Active Correlations

BXDCX Fund

USD 9.39 0.01 0.11%

The current 90-days correlation between Barings Active Short and Barings Active Short is 0.06 (i.e., Significant diversification). The correlation of Barings Active 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 Active Correlation With Market

Significant diversification

The correlation between Barings Active Short and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Active Short 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 Active Short. 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 private.

Moving together with Barings Mutual Fund

0.92	BXDYX	Barings Active Short	Pair Corr
0.75	BXFIX	Barings Global Floating	Pair Corr
0.73	BXFAX	Barings Global Floating	Pair Corr
0.85	VBIRX	Vanguard Short Term	Pair Corr
0.87	VFSUX	Vanguard Short Term	Pair Corr
0.85	VFSIX	Vanguard Short Term	Pair Corr
0.91	VFSTX	Vanguard Short Term	Pair Corr
0.87	VBITX	Vanguard Short Term	Pair Corr
0.82	VBISX	Vanguard Short Term	Pair Corr
0.81	LALDX	Lord Abbett Short	Pair Corr
0.81	VSCSX	Vanguard Short Term	Pair Corr
0.87	LDLAX	Lord Abbett Short	Pair Corr
0.92	LDLRX	Lord Abbett Short	Pair Corr
0.74	FTCAX	Templeton Strained Bond	Pair Corr
0.79	HOSBX	Short Term Bond	Pair Corr
0.83	NSTAX	Neuberger Berman Str	Pair Corr
0.8	RCLSX	Conservative Strategy	Pair Corr
0.77	CVSOX	Calamos Market Neutral	Pair Corr
0.83	CAPTX	Canterbury Portfolio	Pair Corr
0.85	TWTIX	Intermediate Term Tax	Pair Corr
0.89	WCPNX	Core Plus Income	Pair Corr
0.71	ARANX	Horizon Active Risk	Pair Corr
0.83	THICX	Thornburg Limited Term	Pair Corr
0.75	TCPAX	Touchstone Total Return	Pair Corr
0.7	FLMFX	Muirfield Fund Retail	Pair Corr
0.7	FAGIX	Fidelity Capital Income	Pair Corr

Moving against Barings Mutual Fund

0.8	TCTGX	Transamerica Cleartrack	Pair Corr
0.74	USPSX	Profunds Ultrashort	Pair Corr
0.8	TDKTX	Cleartrack 2015 Class	Pair Corr
0.8	TCTJX	Transamerica Cleartrack	Pair Corr
0.74	TCSUX	Cleartrack 2020 Class	Pair Corr
0.73	USPIX	Profunds Ultrashort	Pair Corr
0.47	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	BXDYX	BXFIX	BXFCX	BXFAX	BXFYX	BXHCX	BXICX	BXIAX	BXHYX
BXDYX		0.82	0.78	0.82	0.77	0.54	0.45	0.65	0.53	BXDYX
BXFIX	0.82		0.92	0.99	0.93	0.49	0.67	0.79	0.52	BXFIX
BXFCX	0.78	0.92		0.92	0.99	0.5	0.61	0.76	0.66	BXFCX
BXFAX	0.82	0.99	0.92		0.93	0.47	0.65	0.78	0.49	BXFAX
BXFYX	0.77	0.93	0.99	0.93		0.45	0.58	0.73	0.63	BXFYX
BXHCX	0.54	0.49	0.5	0.47	0.45		0.8	0.84	0.8	BXHCX
BXICX	0.45	0.67	0.61	0.65	0.58	0.8		0.94	0.63	BXICX
BXIAX	0.65	0.79	0.76	0.78	0.73	0.84	0.94		0.71	BXIAX
BXHYX	0.53	0.52	0.66	0.49	0.63	0.8	0.63	0.71		BXHYX
	BXDYX	BXFIX	BXFCX	BXFAX	BXFYX	BXHCX	BXICX	BXIAX	BXHYX

Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Active 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 Active'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDYX	0.07	0.00	(0.31)	0.47	0.00	(0.15)	0.11	(0.11)	0.64
BXFIX	0.07	0.01	(0.21)	(0.39)	0.00	(0.26)	0.12	(0.12)	1.07
BXFCX	0.07	0.00	(0.28)	0.07	0.00	(0.24)	0.12	(0.12)	0.83
BXFAX	0.08	0.01	(0.28)	(0.27)	0.00	(0.25)	0.24	(0.12)	0.83
BXFYX	0.09	0.01	(0.27)	0.20	0.00	(0.25)	0.24	(0.12)	0.95
BXHCX	0.13	0.01	(0.18)	0.31	0.07	(0.19)	0.25	(0.24)	0.98
BXICX	0.09	0.00	(0.25)	0.01	0.00	(0.23)	0.26	(0.26)	0.91
BXIAX	0.09	0.00	(0.28)	0.21	0.00	(0.20)	0.13	(0.13)	0.78
BXHYX	0.14	0.00	(0.18)	0.05	0.08	(0.22)	0.37	(0.37)	1.11

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC