Baron Emerging Correlations

BEXUX Fund

USD 15.80 0.30 1.94%

The current 90-days correlation between Baron Emerging Markets and Franklin Mutual Global is 0.28 (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

Weak diversification

The correlation between Baron Emerging Markets and DJI is 0.33 (i.e., Weak 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 employment.

Moving together with Baron Mutual Fund

0.75	BIGUX	Baron Intl Growth	Pair Corr
0.95	VEMAX	Vanguard Emerging Markets	Pair Corr
0.95	VEIEX	Vanguard Emerging Markets	Pair Corr
0.95	VEMIX	Vanguard Emerging Markets	Pair Corr
0.95	VEMRX	Vanguard Emerging Markets	Pair Corr
0.66	FWWNX	American Funds New	Pair Corr
0.66	FNFWX	American Funds New	Pair Corr
0.66	NEWFX	New World Fund	Pair Corr
0.66	NWFFX	New World Fund	Pair Corr
0.63	NEWCX	New World Fund	Pair Corr
0.94	ODVYX	Oppenheimer Developing	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.85	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTPSX	Vanguard Total Inter	Pair Corr
0.78	GTNYX	Invesco Global Low	Pair Corr
0.78	SIDNX	Hartford Schroders	Pair Corr

Moving against Baron Mutual Fund

0.52	BPTUX	Baron Partners	Pair Corr
0.31	BFGUX	Baron Focused Growth	Pair Corr

Related Correlations Analysis

	TEDIX	WRLDX	DBLGX	BPGSX	FGNCX	GMADX	DHGCX
TEDIX		0.79	0.8	0.62	0.7	0.54	0.76	TEDIX
WRLDX	0.79		0.74	0.83	0.73	0.84	0.81	WRLDX
DBLGX	0.8	0.74		0.81	0.54	0.59	0.87	DBLGX
BPGSX	0.62	0.83	0.81		0.46	0.82	0.68	BPGSX
FGNCX	0.7	0.73	0.54	0.46		0.5	0.57	FGNCX
GMADX	0.54	0.84	0.59	0.82	0.5		0.59	GMADX
DHGCX	0.76	0.81	0.87	0.68	0.57	0.59		DHGCX
	TEDIX	WRLDX	DBLGX	BPGSX	FGNCX	GMADX	DHGCX

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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
TEDIX	0.66	(0.01)	0.00	(0.13)	0.00	0.00	0.93	(1.47)	7.42
WRLDX	0.63	0.03	0.00	(0.07)	0.00	0.00	1.13	(1.68)	2.96
DBLGX	0.23	0.00	0.34	(0.13)	0.24	(0.31)	0.48	(0.36)	1.21
BPGSX	0.64	0.15	0.21	0.11	0.81	(0.67)	1.15	(0.98)	5.23
FGNCX	0.67	(0.02)	0.00	(0.15)	0.00	0.00	1.39	(1.65)	5.41
GMADX	0.73	0.08	0.08	0.01	1.35	(0.71)	1.26	(1.63)	11.02
DHGCX	0.18	(0.02)	0.00	(0.67)	0.00	0.00	0.36	(0.36)	1.46

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