Barrow Hanley Correlations

BEOIX Fund

USD 8.26 0.05 0.60%

The current 90-days correlation between Barrow Hanley Concen and Bmo In Retirement Fund is 0.48 (i.e., Very weak diversification). 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

Significant diversification

The correlation between Barrow Hanley Concentrated and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrow Hanley Concentrated 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 Concentrated. 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 gross domestic product.

Moving together with Barrow Mutual Fund

0.79	BTRIX	Bmo In Retirement	Pair Corr
1.0	BEMVX	Advisors Inner Circle	Pair Corr
0.97	BNIVX	Advisors Inner Circle	Pair Corr
0.78	VEMAX	Vanguard Emerging Markets	Pair Corr
0.83	VEIEX	Vanguard Emerging Markets	Pair Corr
0.83	VEMIX	Vanguard Emerging Markets	Pair Corr
0.78	VEMRX	Vanguard Emerging Markets	Pair Corr
0.79	FWWNX	American Funds New	Pair Corr
0.79	FNFWX	American Funds New	Pair Corr
0.84	NEWFX	New World Fund	Pair Corr
0.84	NWFFX	New World Fund	Pair Corr
0.84	NEWCX	New World Fund	Pair Corr
0.83	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Barrow Mutual Fund

0.8	BFRNX	Barrow Hanley Floating	Pair Corr
0.75	BCONX	Barrow Hanley Credit	Pair Corr
0.62	LETRX	Voya Russia Fund	Pair Corr
0.82	LGPSX	Profunds Large Cap	Pair Corr
0.8	FZAHX	Fidelity Advisor Growth	Pair Corr
0.71	VFINX	Vanguard 500 Index	Pair Corr
0.69	FSLBX	Brokerage And Investment	Pair Corr
0.69	GEIZX	Guidestone Growth Equity Steady Growth	Pair Corr
0.69	MXFIX	Mainstay Floating Rate	Pair Corr
0.68	LRRVX	Floating Rate	Pair Corr
0.62	IIRFX	Voya Russia Fund	Pair Corr
0.62	IWRFX	Voya Russia Fund	Pair Corr
0.59	HTDAX	Hanlon Tactical Dividend	Pair Corr
0.51	CGPCX	American Funds Growth	Pair Corr
0.5	VSMAX	Vanguard Small Cap	Pair Corr
0.5	SUPCX	Deutsche Multi Asset	Pair Corr
0.42	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.41	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.41	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.41	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr

Related Correlations Analysis

	BTRIX	BCONX	BVOIX	BEMYX	BEMVX	BEOIX	BFRNX	BNIYX	BNIVX
BTRIX		-0.42	0.54	0.0	0.8	0.79	-0.63	0.0	0.86	BTRIX
BCONX	-0.42		0.03	0.0	-0.75	-0.75	0.9	0.0	-0.73	BCONX
BVOIX	0.54	0.03		0.0	0.48	0.51	-0.07	0.0	0.54	BVOIX
BEMYX	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	BEMYX
BEMVX	0.8	-0.75	0.48	0.0		1.0	-0.81	0.0	0.98	BEMVX
BEOIX	0.79	-0.75	0.51	0.0	1.0		-0.8	0.0	0.97	BEOIX
BFRNX	-0.63	0.9	-0.07	0.0	-0.81	-0.8		0.0	-0.82	BFRNX
BNIYX	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	BNIYX
BNIVX	0.86	-0.73	0.54	0.0	0.98	0.97	-0.82	0.0		BNIVX
	BTRIX	BCONX	BVOIX	BEMYX	BEMVX	BEOIX	BFRNX	BNIYX	BNIVX

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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

BNIYX	+ 1.0	BEMYX
BEOIX	+ 1.0	BEMVX
BNIVX	+ 0.98	BEMVX
BNIVX	+ 0.97	BEOIX
BFRNX	+ 0.9	BCONX
BNIVX	+ 0.86	BTRIX

High negative correlations

BNIVX	- 0.82	BFRNX
BFRNX	- 0.81	BEMVX
BFRNX	- 0.8	BEOIX
BEOIX	- 0.75	BCONX
BEMVX	- 0.75	BCONX
BNIVX	- 0.73	BCONX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTRIX	0.24	(0.08)	0.00	(0.79)	0.00	0.43	(0.65)	2.36
BCONX	0.10	0.01	(0.06)	0.45	(0.18)	0.31	(0.21)	1.05
BVOIX	0.68	(0.12)	0.00	(1.08)	0.00	1.10	(0.93)	12.39
BEMYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEMVX	0.90	(0.21)	0.00	(1.06)	0.00	1.59	(1.62)	11.47
BEOIX	1.05	(0.23)	0.00	(1.06)	0.00	1.63	(1.81)	14.38
BFRNX	0.13	0.03	0.00	(0.93)	0.00	0.10	(0.10)	2.56
BNIYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNIVX	0.76	(0.28)	0.00	(1.52)	0.00	1.02	(1.45)	11.66

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