Baron Fifth Correlations

BFTUX Fund

USD 60.62 0.04 0.07%

The current 90-days correlation between Baron Fifth Avenue and Baron Real Estate is 0.05 (i.e., Significant 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 0.04 (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 signals in employment.

Moving together with Baron Mutual Fund

0.89	BDAUX	Baron Durable Advantage	Pair Corr
0.97	BWBTX	Baron Wealthbuilder	Pair Corr
0.94	BFGUX	Baron Focused Growth	Pair Corr
0.81	BFIUX	Baron Fintech	Pair Corr
0.97	BGLUX	Baron Global Advantage	Pair Corr
0.98	BIOUX	Baron Opportunity	Pair Corr
0.89	BPTUX	Baron Partners	Pair Corr
0.76	AGTHX	Growth Fund	Pair Corr
0.83	LOTCX	Locorr Market Trend	Pair Corr
0.75	VIGAX	Vanguard Growth Index	Pair Corr
0.88	PRCOX	T Rowe Price	Pair Corr

Moving against Baron Mutual Fund

0.78	BEXUX	Baron Emerging Markets	Pair Corr
0.58	BHCUX	Baron Health Care	Pair Corr
0.54	BIGUX	Baron Intl Growth	Pair Corr

Related Correlations Analysis

	BREUX	BRIUX	BRIFX	BSCUX	BDFUX	BWBTX	BEXUX	BFGUX	BFIUX
BREUX		0.78	0.66	0.87	0.49	0.16	0.03	-0.1	0.58	BREUX
BRIUX	0.78		0.9	0.64	0.74	0.58	-0.38	0.36	0.84	BRIUX
BRIFX	0.66	0.9		0.59	0.68	0.56	-0.42	0.37	0.78	BRIFX
BSCUX	0.87	0.64	0.59		0.27	0.0	0.28	-0.28	0.42	BSCUX
BDFUX	0.49	0.74	0.68	0.27		0.86	-0.71	0.75	0.9	BDFUX
BWBTX	0.16	0.58	0.56	0.0	0.86		-0.73	0.95	0.82	BWBTX
BEXUX	0.03	-0.38	-0.42	0.28	-0.71	-0.73		-0.81	-0.66	BEXUX
BFGUX	-0.1	0.36	0.37	-0.28	0.75	0.95	-0.81		0.66	BFGUX
BFIUX	0.58	0.84	0.78	0.42	0.9	0.82	-0.66	0.66		BFIUX
	BREUX	BRIUX	BRIFX	BSCUX	BDFUX	BWBTX	BEXUX	BFGUX	BFIUX

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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

BFGUX	+ 0.95	BWBTX
BRIFX	+ 0.9	BRIUX
BFIUX	+ 0.9	BDFUX
BSCUX	+ 0.87	BREUX
BWBTX	+ 0.86	BDFUX
BFIUX	+ 0.84	BRIUX

High negative correlations

BFGUX	- 0.81	BEXUX
BEXUX	- 0.73	BWBTX
BEXUX	- 0.71	BDFUX
BFIUX	- 0.66	BEXUX
BEXUX	- 0.42	BRIFX
BEXUX	- 0.38	BRIUX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BREUX	0.84	(0.04)	0.00	(0.08)	0.00	0.00	1.54	(1.75)	7.09
BRIUX	0.73	0.01	0.00	0.71	1.10	(0.75)	1.32	(1.41)	6.50
BRIFX	0.74	0.00	(0.02)	0.00	1.10	(0.77)	1.33	(1.37)	6.40
BSCUX	1.00	(0.16)	0.00	(0.72)	0.00	0.00	1.60	(1.66)	16.99
BDFUX	0.94	0.13	0.10	0.36	1.06	(1.03)	1.84	(1.82)	8.45
BWBTX	0.76	0.10	0.07	1.69	0.97	(0.80)	1.47	(1.40)	6.95
BEXUX	0.59	(0.15)	0.00	(0.88)	0.00	0.00	1.12	(1.83)	3.59
BFGUX	0.84	0.21	0.19	140.96	0.73	(1.00)	1.89	(1.42)	10.17
BFIUX	0.70	0.07	0.05	1.20	0.82	(0.80)	1.50	(1.08)	7.17

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