Baron Growth Correlations

Mutual Funds . USA . 
Fund . Baron Growth Fund
BGRFX Fund  USD 88.05  0.56  0.63%   
The current 90-days correlation between Baron Growth and Baron Asset Fund is 0.95 (i.e., Almost no diversification). The correlation of Baron Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Baron Growth Fund and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Growth Fund 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 Growth Fund. 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 census.

Moving together with Baron Mutual Fund

  0.83BREIX Baron Real EstatePairCorr
  0.83BREFX Baron Real EstatePairCorr
  0.99BSCFX Baron Small CapPairCorr
  1.0BARAX Baron Asset FundPairCorr
  0.98BSFIX Baron Small CapPairCorr
  0.99BARIX Baron Asset FundPairCorr
  1.0BGRIX Baron GrowthPairCorr
  0.93PAMCX T Rowe PricePairCorr
  0.93RRMGX T Rowe PricePairCorr
  0.93TRQZX T Rowe PricePairCorr
  0.93RPMGX T Rowe PricePairCorr

Moving against Baron Mutual Fund

  0.55BTEEX Baron Select FundsPairCorr
  0.52BFGIX Baron Focused GrowthPairCorr
  0.51BFGFX Baron Focused GrowthPairCorr
  0.45BTECX Baron Select FundsPairCorr
  0.45BTEUX Baron Select FundsPairCorr
  0.38BGAIX Baron Global AdvantagePairCorr
  0.37BGAFX Baron Global AdvantagePairCorr
  0.43BPTRX Baron PartnersPairCorr
  0.43BPTIX Baron PartnersPairCorr

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   
BSCFX
+ 0.99
BARAX
ARGFX
+ 0.98
BSCFX
ARGFX
+ 0.96
BARAX
ARGFX
+ 0.42
FDIVX
FDIVX
+ 0.39
BSCFX
FDIVX
+ 0.37
BARAX
  
High negative correlations   
BPTRX
- 0.44
BSCFX
BPTRX
- 0.44
BARAX
ARGFX
- 0.43
BPTRX
FDIVX
- 0.39
BPTRX

Risk-Adjusted Indicators

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