Baron Select Correlations

BTEUX Fund

USD 12.08 0.08 0.67%

The correlation of Baron Select 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 Select Correlation With Market

Very weak diversification

The correlation between Baron Select Funds and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Select Funds 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 Select Funds. 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

0.71	VEEA	Veea Inc Symbol Change	Pair Corr
0.81	VISL	Vislink Technologies	Pair Corr
0.65	YAAS	Youxin Technology	Pair Corr
0.71	INGM	Ingram Micro Holding	Pair Corr
0.88	HPE-PC	Hewlett Packard Ente	Pair Corr
0.68	VEEAW	Veea Inc Symbol Change	Pair Corr
0.72	NOVA	Sunnova Energy Inter	Pair Corr
0.71	NXXT	NextNRG Symbol Change	Pair Corr
0.77	CORZZ	Core Scientific, Tranche	Pair Corr
0.78	SLNHP	Soluna Holdings Preferred	Pair Corr
0.77	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.65	RZLVW	Rezolve AI Limited	Pair Corr

Moving against Baron Mutual Fund

0.58	EMKR	EMCORE	Pair Corr
0.35	HCP	Hashicorp	Pair Corr
0.68	INFN	Infinera	Pair Corr
0.65	MTTR	Matterport	Pair Corr
0.6	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.44	HPAIW	Helport AI Limited	Pair Corr
0.34	LGTY	Logility Supply Chain Symbol Change	Pair Corr
0.33	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	MODXX	HUCXX	XFINX	GCFSX	AEYXX	DVFYX	HEWXX	0P000070L2
MODXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODXX
HUCXX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
XFINX	0.0	0.0		0.45	0.0	0.63	0.0	0.0	XFINX
GCFSX	0.0	0.0	0.45		0.0	0.86	0.0	0.0	GCFSX
AEYXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	AEYXX
DVFYX	0.0	0.0	0.63	0.86	0.0		0.0	0.0	DVFYX
HEWXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HEWXX
0P000070L2	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0P000070L2
	MODXX	HUCXX	XFINX	GCFSX	AEYXX	DVFYX	HEWXX	0P000070L2

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DVFYX	+ 0.86	GCFSX
DVFYX	+ 0.63	XFINX
GCFSX	+ 0.45	XFINX
HUCXX	+ 0.0	MODXX
XFINX	+ 0.0	MODXX
GCFSX	+ 0.0	MODXX

High negative correlations

0P000070L2	- 0.0	HEWXX
0P000070L2	- 0.0	DVFYX
HEWXX	- 0.0	DVFYX
0P000070L2	- 0.0	AEYXX
HEWXX	- 0.0	AEYXX
DVFYX	- 0.0	AEYXX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Select 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 Select'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MODXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.14	(0.01)	0.00	(0.14)	0.00	0.00	0.28	(0.64)	1.27
GCFSX	0.75	0.10	0.10	0.06	1.04	(0.76)	1.80	(2.41)	4.68
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.83	0.07	0.06	0.01	1.31	(0.78)	1.65	(2.39)	6.47
HEWXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0P000070L2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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