Baron Fintech Correlations

BFINX Fund

USD 16.90 0.27 1.57%

The current 90-days correlation between Baron Fintech and Lord Abbett Inflation is 0.19 (i.e., Average diversification). The correlation of Baron Fintech 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 Fintech Correlation With Market

Good diversification

The correlation between Baron Fintech and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fintech 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 Fintech. 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 board of governors.

Moving together with Baron Mutual Fund

0.66	EXOD	Exodus Movement, Trending	Pair Corr
0.76	ZSPC	zSpace, Common stock	Pair Corr
0.85	INGM	Ingram Micro Holding	Pair Corr
0.75	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against Baron Mutual Fund

0.44	INFN	Infinera	Pair Corr
0.33	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.46	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	LIFAX	MIPSX	SWRSX	BORIX	ANBIX	ABNOX	HIPAX
LIFAX		0.95	0.94	0.92	0.93	0.96	0.96	LIFAX
MIPSX	0.95		1.0	0.99	0.97	0.99	0.99	MIPSX
SWRSX	0.94	1.0		0.99	0.97	0.99	0.99	SWRSX
BORIX	0.92	0.99	0.99		0.97	0.99	0.99	BORIX
ANBIX	0.93	0.97	0.97	0.97		0.98	0.98	ANBIX
ABNOX	0.96	0.99	0.99	0.99	0.98		1.0	ABNOX
HIPAX	0.96	0.99	0.99	0.99	0.98	1.0		HIPAX
	LIFAX	MIPSX	SWRSX	BORIX	ANBIX	ABNOX	HIPAX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fintech 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 Fintech'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
LIFAX	0.11	0.02	0.56	0.82	0.00	(0.16)	0.26	(0.17)	0.94
MIPSX	0.23	0.02	0.30	0.37	0.20	(0.26)	0.43	(0.44)	1.38
SWRSX	0.22	0.02	0.30	0.31	0.22	(0.24)	0.49	(0.40)	1.25
BORIX	0.21	0.01	0.28	0.25	0.19	(0.27)	0.48	(0.47)	1.26
ANBIX	0.16	0.01	0.38	(0.46)	0.09	(0.21)	0.38	(0.38)	0.98
ABNOX	0.16	0.02	0.42	0.84	0.05	(0.20)	0.39	(0.30)	0.89
HIPAX	0.15	0.01	0.37	0.43	0.07	(0.20)	0.30	(0.30)	0.99

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