Baron Emerging Correlations

BEXFX Fund

USD 15.64 0.14 0.90%

The current 90-days correlation between Baron Emerging Markets and Fidelity International Growth is 0.21 (i.e., Modest diversification). The correlation of Baron 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.

Baron Emerging Correlation With Market

Significant diversification

The correlation between Baron Emerging Markets and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron 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 Baron 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 census.

Moving together with Baron Mutual Fund

0.72	BRIIX	Baron Real Estate	Pair Corr
1.0	BEXIX	Baron Emerging Markets	Pair Corr
0.63	BGAIX	Baron Global Advantage	Pair Corr
0.61	BIGFX	Baron International	Pair Corr
0.74	BINIX	Baron International	Pair Corr
0.74	VEMAX	Vanguard Emerging Markets	Pair Corr
0.74	VEIEX	Vanguard Emerging Markets	Pair Corr
0.74	VEMIX	Vanguard Emerging Markets	Pair Corr
0.74	VEMRX	Vanguard Emerging Markets	Pair Corr

Moving against Baron Mutual Fund

0.5	BPTIX	Baron Partners	Pair Corr
0.31	BPTRX	Baron Partners	Pair Corr

Related Correlations Analysis

	FIGFX	PARMX	DFDMX	TCMPX	FMIJX
FIGFX		0.39	0.7	0.75	0.68	FIGFX
PARMX	0.39		0.7	0.47	0.52	PARMX
DFDMX	0.7	0.7		0.62	0.61	DFDMX
TCMPX	0.75	0.47	0.62		0.9	TCMPX
FMIJX	0.68	0.52	0.61	0.9		FMIJX
	FIGFX	PARMX	DFDMX	TCMPX	FMIJX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron 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 Baron 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
FIGFX	0.61	0.08	0.10	0.17	0.71	(0.63)	1.23	(1.13)	3.47
PARMX	0.72	(0.27)	0.00	2.84	0.00	0.00	1.35	(3.16)	4.72
DFDMX	0.68	(0.10)	0.00	(0.17)	0.00	0.00	1.30	(2.03)	4.23
TCMPX	0.58	0.04	0.06	0.07	0.64	(0.68)	1.44	(1.35)	3.19
FMIJX	0.45	0.01	0.03	(0.44)	0.60	(0.48)	1.09	(0.99)	2.58

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