Baron Small Correlations

BSCUX Fund

USD 31.10 0.30 0.97%

The current 90-days correlation between Baron Small Cap and Voya Target Retirement is -0.23 (i.e., Very good 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 0.65 (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 employment.

Moving together with Baron Mutual Fund

0.96	BARUX	Baron Asset Fund	Pair Corr
0.98	BDAUX	Baron Durable Advantage	Pair Corr
0.76	BDFUX	Baron Discovery	Pair Corr
0.98	BWBTX	Baron Wealthbuilder	Pair Corr
0.76	BFGUX	Baron Focused Growth	Pair Corr
0.84	BFIUX	Baron Fintech Steady Growth	Pair Corr
0.95	BFTUX	Baron Fifth Avenue	Pair Corr
0.71	BGLUX	Baron Global Advantage	Pair Corr
0.94	BGRUX	Baron Growth	Pair Corr
0.93	BHCUX	Baron Health Care	Pair Corr
0.94	BIOUX	Baron Opportunity	Pair Corr
0.72	VSGAX	Vanguard Small Cap	Pair Corr
0.77	VSGIX	Vanguard Small Cap	Pair Corr
0.77	VISGX	Vanguard Small Cap	Pair Corr
0.78	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.78	JGMCX	Janus Triton	Pair Corr
0.7	JGMNX	Janus Triton	Pair Corr
0.66	GPMFX	Guidepath Managed Futures	Pair Corr

Moving against Baron Mutual Fund

0.44	BEXUX	Baron Emerging Markets	Pair Corr
0.64	GAAGX	Gmo Alternative Allo	Pair Corr
0.63	GAAKX	Gmo Alternative Allo	Pair Corr
0.55	GPBFX	Gmo E Plus	Pair Corr
0.54	CPRSX	Clarion Partners Real	Pair Corr
0.53	ETSIX	Eaton Vance Short	Pair Corr
0.52	UIINX	Income Fund Income	Pair Corr

Related Correlations Analysis

	IRSOX	WGBIX	TCTZX	SRJIX	MXBPX	JULMX
IRSOX		0.94	0.89	0.85	0.94	0.81	IRSOX
WGBIX	0.94		0.95	0.86	0.94	0.83	WGBIX
TCTZX	0.89	0.95		0.84	0.97	0.9	TCTZX
SRJIX	0.85	0.86	0.84		0.87	0.94	SRJIX
MXBPX	0.94	0.94	0.97	0.87		0.89	MXBPX
JULMX	0.81	0.83	0.9	0.94	0.89		JULMX
	IRSOX	WGBIX	TCTZX	SRJIX	MXBPX	JULMX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IRSOX	0.60	(0.06)	0.30	1.14	(1.20)	3.44
WGBIX	0.43	(0.04)	0.34	0.73	(0.89)	2.48
TCTZX	0.33	(0.03)	0.20	0.72	(0.74)	1.95
SRJIX	0.54	(0.02)	(0.10)	1.00	(1.31)	2.91
MXBPX	0.48	(0.03)	0.20	1.01	(1.00)	3.11
JULMX	0.31	0.01	(0.05)	0.65	(0.65)	1.89

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