Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTIX Fund  USD 60.66  0.50  0.83%   
The current 90-days correlation between Baron Fifth Avenue and Baron Partners Fund is 0.52 (i.e., Very weak 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

Significant diversification

The correlation between Baron Fifth Avenue 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 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 various price indices.

Moving together with Baron Mutual Fund

  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.97CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.97RGAEX Growth FundPairCorr
  0.97FTCAX Templeton Strained BondPairCorr
  0.81PYAIX Payden Absolute ReturnPairCorr
  0.82PYARX Payden Absolute ReturnPairCorr
  0.88BCAAX Brandywineglobal CPairCorr
  0.76DIS Walt Disney Sell-off TrendPairCorr
  0.81CSCO Cisco Systems Sell-off TrendPairCorr
  0.64HPQ HP IncPairCorr
  0.76WMT Walmart Aggressive PushPairCorr
  0.81JPM JPMorgan Chase Sell-off TrendPairCorr
  0.68INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.66TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.84CVX Chevron Corp Sell-off TrendPairCorr
  0.82BAC Bank of America Aggressive PushPairCorr

Moving against Baron Mutual Fund

  0.95UIPIX Ultrashort Mid CapPairCorr
  0.93USPSX Profunds UltrashortPairCorr
  0.93USPIX Profunds UltrashortPairCorr
  0.78JNJ Johnson Johnson Sell-off TrendPairCorr
  0.77KO Coca Cola Aggressive PushPairCorr
  0.71PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

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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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