Baron Asset Correlations

BARIX Fund

USD 94.43 0.10 0.11%

The current 90-days correlation between Baron Asset Fund and John Hancock Disciplined is 0.47 (i.e., Very weak diversification). The correlation of Baron Asset 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.

Baron Asset Correlation With Market

Poor diversification

The correlation between Baron Asset Fund and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Asset Fund 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 Baron Asset Fund. 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 Baron Mutual Fund

0.89	BREIX	Baron Real Estate	Pair Corr
0.87	BREFX	Baron Real Estate	Pair Corr
0.97	BSCFX	Baron Small Cap	Pair Corr
0.97	BSFIX	Baron Small Cap	Pair Corr
0.89	BTEEX	Baron Select Funds	Pair Corr
0.89	BTECX	Baron Select Funds	Pair Corr
0.89	BTEUX	Baron Select Funds	Pair Corr
0.95	BDAIX	Baron Durable Advantage	Pair Corr
0.95	BDAFX	Baron Durable Advantage	Pair Corr
0.94	BDFIX	Baron Discovery	Pair Corr
0.86	BDFFX	Baron Discovery	Pair Corr
0.95	BWBIX	Baron Wealthbuilder	Pair Corr
0.95	BWBFX	Baron Wealthbuilder	Pair Corr
0.88	BFGIX	Baron Focused Growth	Pair Corr
0.94	BFGFX	Baron Focused Growth	Pair Corr
0.91	BFIIX	Baron Fintech	Pair Corr
0.92	BFTHX	Baron Fifth Avenue	Pair Corr
0.92	BFTIX	Baron Fifth Avenue	Pair Corr
0.84	BGAIX	Baron Global Advantage	Pair Corr
0.82	BGAFX	Baron Global Advantage	Pair Corr
0.96	BGRIX	Baron Growth	Pair Corr
0.96	BGRFX	Baron Growth	Pair Corr
0.89	BHCHX	Baron Health Care	Pair Corr
0.69	BIOPX	Baron Opportunity	Pair Corr
0.85	BIOIX	Baron Opportunity	Pair Corr
0.78	BPTRX	Baron Partners	Pair Corr
0.78	BPTIX	Baron Partners	Pair Corr
0.95	PAMCX	T Rowe Price	Pair Corr
0.95	RRMGX	T Rowe Price	Pair Corr
0.96	TRQZX	T Rowe Price	Pair Corr
0.77	RPMGX	T Rowe Price	Pair Corr
0.75	PRJIX	T Rowe Price	Pair Corr

Moving against Baron Mutual Fund

0.44	BEXIX	Baron Emerging Markets	Pair Corr
0.43	BEXFX	Baron Emerging Markets	Pair Corr

Related Correlations Analysis

	JVMIX	BGRIX	BPTIX	NFFFX	BDFIX
JVMIX		0.17	0.1	0.31	0.23	JVMIX
BGRIX	0.17		0.86	-0.02	0.86	BGRIX
BPTIX	0.1	0.86		-0.37	0.7	BPTIX
NFFFX	0.31	-0.02	-0.37		0.2	NFFFX
BDFIX	0.23	0.86	0.7	0.2		BDFIX
	JVMIX	BGRIX	BPTIX	NFFFX	BDFIX

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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

BPTIX	+ 0.86	BGRIX
BDFIX	+ 0.86	BGRIX
BDFIX	+ 0.7	BPTIX
NFFFX	+ 0.31	JVMIX
BDFIX	+ 0.23	JVMIX
BDFIX	+ 0.2	NFFFX

High negative correlations

NFFFX	- 0.37	BPTIX
NFFFX	- 0.02	BGRIX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Asset 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 Baron Asset'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
JVMIX	0.85	(0.20)	0.00	(0.33)	0.00	0.00	1.19	(1.87)	9.00
BGRIX	0.78	(0.05)	0.00	(0.14)	0.00	0.00	1.41	(1.45)	3.70
BPTIX	1.59	(0.31)	0.00	(0.32)	0.00	0.00	2.95	(3.16)	11.21
NFFFX	0.63	0.04	0.13	(23.06)	0.77	(0.67)	1.24	(1.23)	5.22
BDFIX	1.21	0.01	0.00	(0.06)	0.00	0.00	1.90	(2.61)	11.64

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