Baron Durable Correlations

BDAFX Fund

USD 27.49 0.10 0.37%

The current 90-days correlation between Baron Durable Advantage and Baron Discovery Fund is 0.83 (i.e., Very poor diversification). The correlation of Baron Durable 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 Durable Correlation With Market

Good diversification

The correlation between Baron Durable Advantage and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Durable Advantage 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 Durable Advantage. 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 census.

Moving together with Baron Mutual Fund

0.81	BREIX	Baron Real Estate	Pair Corr
0.81	BREFX	Baron Real Estate	Pair Corr
0.79	BARAX	Baron Asset Fund	Pair Corr
0.94	BSFIX	Baron Small Cap	Pair Corr
0.81	BARIX	Baron Asset Fund	Pair Corr
0.87	BTEEX	Baron Select Funds	Pair Corr
0.92	BTEUX	Baron Select Funds	Pair Corr
1.0	BDAIX	Baron Durable Advantage	Pair Corr
0.87	BDFIX	Baron Discovery	Pair Corr
0.93	BDFFX	Baron Discovery	Pair Corr
0.98	BWBIX	Baron Wealthbuilder	Pair Corr
0.98	BWBFX	Baron Wealthbuilder	Pair Corr
0.97	BFGIX	Baron Focused Growth	Pair Corr
0.81	BFINX	Baron Fintech	Pair Corr
0.98	BFTIX	Baron Fifth Avenue	Pair Corr
0.82	BGAFX	Baron Global Advantage	Pair Corr
0.82	BGRIX	Baron Growth	Pair Corr
0.81	BGRFX	Baron Growth	Pair Corr
0.86	BHCHX	Baron Health Care	Pair Corr
0.91	BHCFX	Baron Health Care	Pair Corr
0.87	BIOIX	Baron Opportunity	Pair Corr
0.79	BPTRX	Baron Partners Steady Growth	Pair Corr
0.79	BPTIX	Baron Partners Steady Growth	Pair Corr
0.92	FAFGX	American Funds	Pair Corr
0.92	FFAFX	American Funds	Pair Corr
0.91	GFACX	Growth Fund	Pair Corr
0.89	GFAFX	Growth Fund	Pair Corr
0.89	AGTHX	Growth Fund	Pair Corr
0.8	CGFCX	Growth Fund	Pair Corr
0.92	CGFAX	Growth Fund	Pair Corr
0.92	CGFEX	Growth Fund	Pair Corr

Moving against Baron Mutual Fund

0.38	BEXIX	Baron Emerging Markets	Pair Corr
0.6	VSGDX	Vanguard Short Term	Pair Corr
0.52	HRBDX	Harbor Bond Fund	Pair Corr
0.47	ARBOX	Absolute Convertible	Pair Corr
0.43	RMDUX	American Funds Multi	Pair Corr

Related Correlations Analysis

	BDFFX	BFTHX	BHCFX	BWBFX	BIGFX
BDFFX		0.88	0.96	0.89	0.23	BDFFX
BFTHX	0.88		0.86	0.85	0.02	BFTHX
BHCFX	0.96	0.86		0.88	0.2	BHCFX
BWBFX	0.89	0.85	0.88		-0.11	BWBFX
BIGFX	0.23	0.02	0.2	-0.11		BIGFX
	BDFFX	BFTHX	BHCFX	BWBFX	BIGFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BHCFX	+ 0.96	BDFFX
BWBFX	+ 0.89	BDFFX
BFTHX	+ 0.88	BDFFX
BWBFX	+ 0.88	BHCFX
BHCFX	+ 0.86	BFTHX
BWBFX	+ 0.85	BFTHX

High negative correlations

BIGFX

- 0.11

BWBFX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Durable 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 Durable'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
BDFFX	1.25	(0.09)	0.00	0.23	0.00	0.00	2.84	(3.48)	11.60
BFTHX	1.45	(0.16)	0.00	(0.10)	0.00	0.00	3.05	(3.15)	9.42
BHCFX	0.73	(0.06)	0.00	0.39	0.00	0.00	1.45	(1.65)	5.18
BWBFX	0.93	(0.15)	0.00	0.73	0.00	0.00	1.79	(2.25)	5.67
BIGFX	0.65	0.02	0.02	(0.20)	0.89	(0.66)	1.23	(1.36)	5.44

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

2024 Macroaxis LLC