Baron Small Correlations

Mutual Funds . USA . 
Fund . Baron Small Cap
BSFIX Fund  USD 30.78  0.04  0.13%   
The current 90-days correlation between Baron Small Cap and Dunham Porategovernment Bond is 0.01 (i.e., Significant 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 0.71 (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 gross domestic product.

Moving together with Baron Mutual Fund

  0.83BREIX Baron Real EstatePairCorr
  0.83BREFX Baron Real EstatePairCorr
  1.0BSCFX Baron Small CapPairCorr
  0.93BARAX Baron Asset FundPairCorr
  0.94BARIX Baron Asset FundPairCorr
  0.81BTEEX Baron Select FundsPairCorr
  0.74BTECX Baron Select FundsPairCorr
  0.8BTEUX Baron Select FundsPairCorr
  0.85BDAIX Baron Durable AdvantagePairCorr
  0.85BDAFX Baron Durable AdvantagePairCorr
  0.72BDFIX Baron DiscoveryPairCorr
  0.73BDFFX Baron DiscoveryPairCorr
  0.89BWBIX Baron WealthbuilderPairCorr
  0.89BWBFX Baron WealthbuilderPairCorr
  0.86BFGIX Baron Focused GrowthPairCorr
  0.86BFGFX Baron Focused GrowthPairCorr
  0.67BFIIX Baron FintechPairCorr
  0.85BFTHX Baron Fifth AvenuePairCorr
  0.81BFTIX Baron Fifth AvenuePairCorr
  0.72BGAIX Baron Global AdvantagePairCorr
  0.72BGAFX Baron Global AdvantagePairCorr
  0.94BGRIX Baron GrowthPairCorr
  0.93BGRFX Baron GrowthPairCorr
  0.74BHCHX Baron Health CarePairCorr
  0.9BIOPX Baron OpportunityPairCorr
  0.89BIOIX Baron OpportunityPairCorr
  0.77BPTRX Baron PartnersPairCorr
  0.8BPTIX Baron PartnersPairCorr
  0.86VSGAX Vanguard Small CapPairCorr
  0.9VSGIX Vanguard Small CapPairCorr
  0.9VISGX Vanguard Small CapPairCorr
  0.88VEXPX Vanguard ExplorerPairCorr
  0.88VEXRX Vanguard ExplorerPairCorr

Moving against Baron Mutual Fund

  0.38BEXIX Baron Emerging MarketsPairCorr
  0.38BEXFX Baron Emerging MarketsPairCorr
  0.32NHS Neuberger Berman HighPairCorr
  0.32HFHCX Hartford FloatingPairCorr

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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