Baron Global Correlations

BGLUX Fund

USD 38.94 0.72 1.88%

The current 90-days correlation between Baron Global Advantage and Internet Ultrasector Profund is -0.09 (i.e., Good diversification). The correlation of Baron Global 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 Global Correlation With Market

Very weak diversification

The correlation between Baron Global Advantage and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Global Advantage 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 Global Advantage. 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

0.93	BREUX	Baron Real Estate	Pair Corr
0.76	BSCUX	Baron Small Cap	Pair Corr
0.69	BARUX	Baron Asset Fund	Pair Corr
0.9	BDAUX	Baron Durable Advantage	Pair Corr
0.91	BDFUX	Baron Discovery	Pair Corr
0.87	BWBTX	Baron Wealthbuilder	Pair Corr
0.89	BFGUX	Baron Focused Growth	Pair Corr
0.87	BFIUX	Baron Fintech	Pair Corr
0.94	BFTUX	Baron Fifth Avenue	Pair Corr
0.66	BGRUX	Baron Growth	Pair Corr
0.85	BHCUX	Baron Health Care	Pair Corr
0.92	BIOUX	Baron Opportunity	Pair Corr
0.64	BPTUX	Baron Partners Steady Growth	Pair Corr
0.8	FNFPX	American Funds New	Pair Corr
0.8	FFPNX	American Funds New	Pair Corr
0.8	NPFCX	New Perspective	Pair Corr
0.69	ANWPX	New Perspective	Pair Corr
0.8	NPFFX	New Perspective	Pair Corr
0.8	CNPAX	New Perspective	Pair Corr
0.8	CNPEX	New Perspective	Pair Corr
0.8	CNPFX	New Perspective	Pair Corr
0.8	CNPCX	New Perspective	Pair Corr
0.8	RNPAX	New Perspective	Pair Corr

Moving against Baron Mutual Fund

0.41	CDBCX	Diversified Bond	Pair Corr
0.37	TIKPX	Tiaa-cref Inflation-linked	Pair Corr
0.35	MXEGX	Great-west Core	Pair Corr

Related Correlations Analysis

	INPSX	SCATX	ILLLX	KMKYX	LDVAX
INPSX		0.88	0.94	0.23	0.93	INPSX
SCATX	0.88		0.91	0.11	0.85	SCATX
ILLLX	0.94	0.91		0.33	0.97	ILLLX
KMKYX	0.23	0.11	0.33		0.36	KMKYX
LDVAX	0.93	0.85	0.97	0.36		LDVAX
	INPSX	SCATX	ILLLX	KMKYX	LDVAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Global 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 Global'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
INPSX	1.72	(0.24)	0.00	0.85	0.00	0.00	2.64	(4.53)	9.56
SCATX	1.53	(0.17)	0.00	(0.17)	0.00	0.00	3.18	(3.32)	8.69
ILLLX	1.71	(0.10)	0.00	(0.11)	0.00	0.00	3.17	(3.19)	9.93
KMKYX	1.58	0.09	0.04	0.06	2.28	(1.55)	3.21	(3.63)	10.16
LDVAX	1.74	(0.07)	0.00	(0.08)	0.00	0.00	3.04	(4.00)	10.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC