Baron Partners Correlations

BPTUX Fund

USD 172.84 3.89 2.20%

The current 90-days correlation between Baron Partners and Baron Partners Fund is -0.1 (i.e., Good diversification). 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

Good diversification

The correlation between Baron Partners and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Partners 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. 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

0.64	BREUX	Baron Real Estate	Pair Corr
0.73	BSCUX	Baron Small Cap	Pair Corr
0.79	BDAUX	Baron Durable Advantage	Pair Corr
0.86	BWBTX	Baron Wealthbuilder	Pair Corr
0.88	BFGUX	Baron Focused Growth	Pair Corr
0.82	BFTUX	Baron Fifth Avenue	Pair Corr
0.61	BGRUX	Baron Growth	Pair Corr
0.85	BIOUX	Baron Opportunity	Pair Corr
0.69	FAFGX	American Funds	Pair Corr
0.69	FFAFX	American Funds	Pair Corr
0.68	GFACX	Growth Fund	Pair Corr
0.73	GFAFX	Growth Fund	Pair Corr
0.72	AGTHX	Growth Fund	Pair Corr
0.69	CGFFX	Growth Fund	Pair Corr
0.72	CGFCX	Growth Fund	Pair Corr
0.73	CGFAX	Growth Fund	Pair Corr
0.73	CGFEX	Growth Fund	Pair Corr
0.69	RGAEX	Growth Fund	Pair Corr

Moving against Baron Mutual Fund

0.58	BEXUX	Baron Emerging Markets	Pair Corr
0.41	BIGUX	Baron Intl Growth	Pair Corr
0.84	GCMDX	Goldman Sachs Local	Pair Corr
0.8	MDIIX	Blackrock Intern Index	Pair Corr
0.8	LIFAX	Lord Abbett Inflation	Pair Corr
0.79	BTMKX	Blackrock International	Pair Corr
0.78	BTMPX	Ishares Msci Eafe	Pair Corr
0.77	PRGMX	T Rowe Price	Pair Corr
0.74	FHKCX	Fidelity China Region	Pair Corr
0.69	HFHCX	Hartford Floating	Pair Corr
0.58	LAIIX	Lord Abbett Intermediate	Pair Corr
0.49	FSMMX	Fs Multi Strategy	Pair Corr
0.39	FPNTX	Nuveen Pennsylvania	Pair Corr

Related Correlations Analysis

	BPTIX	RYVLX	RYCCX	UOPSX	INPSX
BPTIX		0.86	0.86	0.86	0.68	BPTIX
RYVLX	0.86		1.0	1.0	0.87	RYVLX
RYCCX	0.86	1.0		0.99	0.86	RYCCX
UOPSX	0.86	1.0	0.99		0.88	UOPSX
INPSX	0.68	0.87	0.86	0.88		INPSX
	BPTIX	RYVLX	RYCCX	UOPSX	INPSX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BPTIX	1.61	(0.31)	(0.33)	2.95	(3.28)	11.21
RYVLX	2.26	(0.24)	(0.20)	3.29	(5.98)	12.22
RYCCX	2.30	(0.28)	(0.22)	3.28	(5.98)	12.22
UOPSX	2.18	(0.17)	(0.17)	3.30	(5.59)	12.31
INPSX	1.72	(0.28)	0.80	2.82	(4.53)	9.56

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