Baron International Correlations

Mutual Funds . USA . 
Fund . Baron International Growth
BINIX Fund  USD 27.00  0.02  0.07%   
The current 90-days correlation between Baron International and Baron Emerging Markets is -0.13 (i.e., Good diversification). The correlation of Baron International 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 International Correlation With Market

Modest diversification

The correlation between Baron International Growth and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron International Growth 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 International Growth. 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

  0.88BEXIX Baron Emerging MarketsPairCorr
  0.75BEXFX Baron Emerging MarketsPairCorr
  0.87BIGFX Baron InternationalPairCorr
  0.75AEPFX Europacific GrowthPairCorr
  0.75RERCX Europacific GrowthPairCorr

Moving against Baron Mutual Fund

  0.51BFGIX Baron Focused GrowthPairCorr
  0.46BFGFX Baron Focused GrowthPairCorr
  0.44BTEEX Baron Select FundsPairCorr
  0.42BTECX Baron Select FundsPairCorr
  0.42BTEUX Baron Select FundsPairCorr
  0.35BWBIX Baron WealthbuilderPairCorr
  0.32BWBFX Baron WealthbuilderPairCorr
  0.47BPTRX Baron PartnersPairCorr
  0.47BPTIX Baron PartnersPairCorr
  0.39BFTIX Baron Fifth AvenuePairCorr
  0.36BFTHX Baron Fifth AvenuePairCorr
  0.34BGAIX Baron Global AdvantagePairCorr
  0.33BGAFX Baron Global AdvantagePairCorr
  0.33BIOIX Baron OpportunityPairCorr
  0.32BIOPX Baron OpportunityPairCorr

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   
BIOIX
+ 0.9
BDFIX
BIOIX
+ 0.83
BPTIX
BIGFX
+ 0.78
BEXIX
BPTIX
+ 0.67
BDFIX
  
High negative correlations   
BPTIX
- 0.69
BEXIX
BIOIX
- 0.62
BEXIX
BDFIX
- 0.61
BEXIX
BPTIX
- 0.51
BIGFX
BIGFX
- 0.34
BDFIX
BIOIX
- 0.33
BIGFX

Risk-Adjusted Indicators

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