Barings Emerging Correlations

BXECX Fund

USD 7.59 0.00 0.00%

The correlation of Barings Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Barings Emerging Markets and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barings Emerging Markets 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 Emerging Markets. 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

0.95	BXDCX	Barings Active Short	Pair Corr
1.0	BXEAX	Barings Emerging Markets	Pair Corr
0.96	BXDYX	Barings Active Short	Pair Corr
1.0	BXEYX	Barings Emerging Markets	Pair Corr
1.0	BXEIX	Barings Emerging Markets	Pair Corr
0.73	BXICX	Barings Global Credit	Pair Corr
0.78	BXIAX	Barings Global Credit	Pair Corr
0.64	BXHYX	Barings High Yield	Pair Corr
0.78	BXIYX	Barings Global Credit	Pair Corr
0.75	BXITX	Barings Global Credit	Pair Corr
0.89	FGBMX	Fidelity New Markets	Pair Corr
0.89	FGZMX	Fidelity New Markets	Pair Corr
0.89	FGWMX	Fidelity New Markets	Pair Corr
0.89	FGVMX	Fidelity New Markets	Pair Corr
0.87	FGYMX	Fidelity New Markets	Pair Corr
0.94	MEDIX	Mfs Emerging Markets	Pair Corr
0.87	MEDCX	Mfs Emerging Markets	Pair Corr
0.94	MEDAX	Mfs Emerging Markets	Pair Corr
0.87	MEDBX	Mfs Emerging Markets	Pair Corr
0.88	MEDEX	Mfs Emerging Markets	Pair Corr
0.86	BRUFX	Bruce Fund Bruce	Pair Corr
0.66	KF	Korea Closed	Pair Corr
0.86	EPASX	Ep Emerging Markets	Pair Corr
0.84	EMF	Templeton Emerging	Pair Corr
0.87	FDIVX	Fidelity Diversified	Pair Corr
0.84	BEGRX	Franklin Mutual Beacon	Pair Corr
0.88	TEPAX	American Funds Tax	Pair Corr
0.83	TIQIX	Touchstone Sustainability	Pair Corr

Moving against Barings Mutual Fund

0.69	SPGSX	State Street Premier	Pair Corr
0.34	RYMJX	Commodities Strategy	Pair Corr

Related Correlations Analysis

	XNDPX	PDX	ALEFX	GLEAX	XEMOX	FIKAX	PEO	GRHAX
XNDPX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	XNDPX
PDX	0.0		0.17	0.34	0.17	0.5	0.46	0.48	PDX
ALEFX	0.0	0.17		0.94	0.91	0.77	0.48	0.51	ALEFX
GLEAX	0.0	0.34	0.94		0.95	0.9	0.63	0.64	GLEAX
XEMOX	0.0	0.17	0.91	0.95		0.81	0.64	0.51	XEMOX
FIKAX	0.0	0.5	0.77	0.9	0.81		0.73	0.73	FIKAX
PEO	0.0	0.46	0.48	0.63	0.64	0.73		0.61	PEO
GRHAX	0.0	0.48	0.51	0.64	0.51	0.73	0.61		GRHAX
	XNDPX	PDX	ALEFX	GLEAX	XEMOX	FIKAX	PEO	GRHAX

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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

XEMOX	+ 0.95	GLEAX
GLEAX	+ 0.94	ALEFX
XEMOX	+ 0.91	ALEFX
FIKAX	+ 0.9	GLEAX
FIKAX	+ 0.81	XEMOX
FIKAX	+ 0.77	ALEFX

High negative correlations

GRHAX	- 0.0	XNDPX
PEO	- 0.0	XNDPX
FIKAX	- 0.0	XNDPX
XEMOX	- 0.0	XNDPX
GLEAX	- 0.0	XNDPX
ALEFX	- 0.0	XNDPX

Risk-Adjusted Indicators

There is a big difference between Barings Mutual Fund performing well and Barings Emerging 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 Emerging'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
XNDPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDX	1.97	(0.01)	0.00	(0.17)	0.00	0.00	3.33	(4.84)	31.18
ALEFX	0.92	0.12	0.22	(1.44)	1.13	(1.00)	1.68	(1.69)	6.21
GLEAX	1.05	0.08	0.13	0.34	1.55	(1.06)	1.75	(2.42)	6.59
XEMOX	1.12	0.11	0.14	0.31	1.63	(1.14)	2.21	(2.24)	6.66
FIKAX	1.11	0.08	0.07	0.00	2.24	(0.93)	1.80	(2.68)	6.59
PEO	1.14	0.08	0.00	(0.09)	0.00	0.00	1.79	(2.37)	9.33
GRHAX	1.18	0.08	0.00	(0.03)	0.00	0.00	2.46	(3.31)	8.53

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