Baron Small Correlations

Mutual Funds . USA . 
Fund . Baron Small Cap
BSCFX Fund  USD 28.11  0.03  0.11%   
The current 90-days correlation between Baron Small Cap and Baron Growth Fund is 0.89 (i.e., Very poor diversification). The correlation of Baron Small 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 Small Correlation With Market

Poor diversification

The correlation between Baron Small Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Small Cap 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 Small Cap. 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

  0.82BREIX Baron Real EstatePairCorr
  0.82BREFX Baron Real EstatePairCorr
  0.94BARAX Baron Asset FundPairCorr
  1.0BSFIX Baron Small CapPairCorr
  0.95BARIX Baron Asset FundPairCorr
  0.79BTEEX Baron Select FundsPairCorr
  0.72BTECX Baron Select FundsPairCorr
  0.79BTEUX Baron Select FundsPairCorr
  0.83BDAIX Baron Durable AdvantagePairCorr
  0.83BDAFX Baron Durable AdvantagePairCorr
  0.71BDFIX Baron DiscoveryPairCorr
  0.71BDFFX Baron DiscoveryPairCorr
  0.87BWBIX Baron WealthbuilderPairCorr
  0.88BWBFX Baron WealthbuilderPairCorr
  0.84BFGIX Baron Focused GrowthPairCorr
  0.84BFGFX Baron Focused GrowthPairCorr
  0.65BFIIX Baron FintechPairCorr
  0.83BFTHX Baron Fifth AvenuePairCorr
  0.79BFTIX Baron Fifth AvenuePairCorr
  0.7BGAIX Baron Global AdvantagePairCorr
  0.7BGAFX Baron Global AdvantagePairCorr
  0.95BGRIX Baron GrowthPairCorr
  0.94BGRFX Baron GrowthPairCorr
  0.73BHCHX Baron Health CarePairCorr
  0.89BIOPX Baron OpportunityPairCorr
  0.88BIOIX Baron OpportunityPairCorr
  0.76BPTRX Baron PartnersPairCorr
  0.79BPTIX Baron PartnersPairCorr
  0.85VSGAX Vanguard Small CapPairCorr
  0.88VSGIX Vanguard Small CapPairCorr
  0.88VISGX Vanguard Small CapPairCorr
  0.88VEXPX Vanguard ExplorerPairCorr
  0.88VEXRX Vanguard ExplorerPairCorr

Moving against Baron Mutual Fund

  0.37BEXIX Baron Emerging MarketsPairCorr
  0.37BEXFX Baron Emerging MarketsPairCorr
  0.33HFHCX Hartford FloatingPairCorr
  0.31NHS Neuberger Berman HighPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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