Baron Growth Correlations

Mutual Funds . USA . 
Fund . Baron Growth Fund
BGRIX Fund  USD 90.50  0.04  0.04%   
The current 90-days correlation between Baron Growth and Baron Intl Growth is -0.03 (i.e., Good 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

Good diversification

The correlation between Baron Growth Fund and DJI is -0.03 (i.e., Good 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 gross domestic product.

Moving together with Baron Mutual Fund

  0.75PAMCX T Rowe PricePairCorr
  0.75RRMGX T Rowe PricePairCorr
  0.75TRQZX T Rowe PricePairCorr
  0.75RPMGX T Rowe PricePairCorr
  0.74PRJIX T Rowe PricePairCorr
  0.74PRNHX T Rowe PricePairCorr
  0.74TRUZX T Rowe PricePairCorr
  0.66PCBIX Midcap Fund InstitutionalPairCorr
  0.66PEMGX Midcap Fund ClassPairCorr
  0.66PMBCX Midcap Fund ClassPairCorr
  0.69CISGX Touchstone Sands CapitalPairCorr
  0.7JPM JPMorgan ChasePairCorr
  0.73HD Home DepotPairCorr
  0.85AXP American ExpressPairCorr
  0.62CAT CaterpillarPairCorr

Moving against Baron Mutual Fund

  0.44UGPIX Ultrachina ProfundPairCorr
  0.44UGPSX Ultrachina ProfundPairCorr
  0.58VZ Verizon CommunicationsPairCorr
  0.5KO Coca ColaPairCorr
  0.47TRV The Travelers CompaniesPairCorr

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   
BIGFX
+ 1.0
BIGUX
BINIX
+ 1.0
BIGUX
BINIX
+ 1.0
BIGFX
BINRX
+ 1.0
BINDX
BIOUX
+ 0.91
BREFX
BINUX
+ 0.9
BINDX
  
High negative correlations   
BINIX
- 0.67
BINRX
BINIX
- 0.67
BINDX
BINRX
- 0.67
BIGUX
BINDX
- 0.67
BIGUX
BINIX
- 0.66
BINUX
BINRX
- 0.66
BIGFX

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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