Baron Fifth Correlations

Mutual Funds USA . 
Fund . Baron Fifth Avenue
BFTHX Fund  USD 51.79  0.36  0.70%   
The current 90-days correlation between Baron Fifth Avenue and Vulcan Value Partners is 0.6 (i.e., Poor diversification). The correlation of Baron Fifth 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 Fifth Correlation With Market

Very weak diversification

The correlation between Baron Fifth Avenue and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fifth Avenue 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 Fifth Avenue. 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 rate.

Moving together with Baron Mutual Fund

  0.92BREIX Baron Real EstatePairCorr
  0.92BREFX Baron Real EstatePairCorr
  0.87BSCFX Baron Small CapPairCorr
  0.69BARAX Baron Asset FundPairCorr
  0.88BSFIX Baron Small CapPairCorr
  0.7BARIX Baron Asset FundPairCorr
  0.99BTEEX Baron Select FundsPairCorr
  0.99BTECX Baron Select FundsPairCorr
  0.99BTEUX Baron Select FundsPairCorr
  0.98BDAIX Baron Durable AdvantagePairCorr
  0.98BDAFX Baron Durable AdvantagePairCorr
  0.92BDFIX Baron DiscoveryPairCorr
  0.92BDFFX Baron DiscoveryPairCorr
  0.98BWBIX Baron WealthbuilderPairCorr
  0.98BWBFX Baron WealthbuilderPairCorr
  0.98BFGIX Baron Focused GrowthPairCorr
  0.98BFGFX Baron Focused GrowthPairCorr
  0.86BFINX Baron FintechPairCorr
  1.0BFTIX Baron Fifth AvenuePairCorr
  0.93BGAIX Baron Global AdvantagePairCorr
  0.94BGAFX Baron Global AdvantagePairCorr
  0.72BGRIX Baron GrowthPairCorr
  0.7BGRFX Baron GrowthPairCorr
  0.88BHCHX Baron Health CarePairCorr
  0.89BHCFX Baron Health CarePairCorr
  0.98BIOPX Baron OpportunityPairCorr
  0.99BIOIX Baron OpportunityPairCorr
  0.84BPTRX Baron PartnersPairCorr
  0.84BPTIX Baron PartnersPairCorr
  0.9FAFGX American FundsPairCorr
  0.9FFAFX American FundsPairCorr
  0.88GFACX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.45BEXIX Baron Emerging MarketsPairCorr
  0.45BEXFX Baron Emerging MarketsPairCorr

Related Correlations Analysis

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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   
BIOPX
+ 0.95
LCCAX
BGAFX
+ 0.95
LCCAX
LCCAX
+ 0.92
VVPSX
BGAFX
+ 0.91
BIOPX
BIOPX
+ 0.87
VVPSX
BGAFX
+ 0.87
VVPSX
  
High negative correlations   
BGAFX
- 0.14
CGAEX
BIOPX
- 0.13
CGAEX
CGAEX
- 0.11
LCCAX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fifth 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 Fifth'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.

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