Baron Partners Correlations

Mutual Funds . USA . 
Fund . Baron Partners Fund
BPTIX Fund  USD 178.30  2.81  1.60%   
The current 90-days correlation between Baron Partners and Baron Partners is 1.0 (i.e., No risk reduction). The correlation of Baron Partners 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 Partners Correlation With Market

Very weak diversification

The correlation between Baron Partners Fund and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Partners 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 Partners 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

  0.69BREIX Baron Real EstatePairCorr
  0.69BREFX Baron Real EstatePairCorr
  0.81BSCFX Baron Small CapPairCorr
  0.65BARAX Baron Asset FundPairCorr
  0.82BSFIX Baron Small CapPairCorr
  0.66BARIX Baron Asset FundPairCorr
  0.85BTEEX Baron Select FundsPairCorr
  0.85BTECX Baron Select FundsPairCorr
  0.85BTEUX Baron Select FundsPairCorr
  0.61BDAIX Baron Durable AdvantagePairCorr
  0.61BDAFX Baron Durable AdvantagePairCorr
  0.64BDFIX Baron DiscoveryPairCorr
  0.64BDFFX Baron DiscoveryPairCorr
  0.63BWBIX Baron WealthbuilderPairCorr
  0.91BWBFX Baron WealthbuilderPairCorr
  0.9BFGIX Baron Focused GrowthPairCorr
  0.9BFGFX Baron Focused GrowthPairCorr
  0.84BFTHX Baron Fifth AvenuePairCorr
  0.84BFTIX Baron Fifth AvenuePairCorr
  0.64BGAIX Baron Global AdvantagePairCorr
  0.64BGAFX Baron Global AdvantagePairCorr
  0.73BGRFX Baron GrowthPairCorr
  0.64BHCHX Baron Health CarePairCorr
  0.65BHCFX Baron Health CarePairCorr
  0.87BIOPX Baron OpportunityPairCorr
  0.87BIOIX Baron OpportunityPairCorr
  1.0BPTRX Baron PartnersPairCorr
  0.78FAFGX American FundsPairCorr
  0.78FFAFX American FundsPairCorr
  0.78GFACX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.66BEXIX Baron Emerging MarketsPairCorr
  0.66BEXFX Baron Emerging MarketsPairCorr
  0.46BINIX Baron InternationalPairCorr
  0.45BIGFX Baron InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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