Baron Global Advantage Fund Market Value
| BGLUX Fund | USD 40.00 0.08 0.20% |
| Symbol | Baron |
Baron Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baron Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baron Global.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Baron Global on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Baron Global Advantage or generate 0.0% return on investment in Baron Global over 720 days. Baron Global is related to or competes with Internet Ultrasector, Ridgeworth Innovative, Transamerica Capital, Kinetics Market, and Leland Thomson. The fund is a diversified fund that, under normal circumstances, invests primarily in equity securities in the form of c... More
Baron Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baron Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baron Global Advantage upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0778 | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.14 |
Baron Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Global's standard deviation. In reality, there are many statistical measures that can use Baron Global historical prices to predict the future Baron Global's volatility.| Risk Adjusted Performance | 0.1574 | |||
| Jensen Alpha | 0.1042 | |||
| Total Risk Alpha | 0.0287 | |||
| Sortino Ratio | 0.0644 | |||
| Treynor Ratio | 0.2489 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baron Global Advantage Backtested Returns
Baron Global appears to be very steady, given 3 months investment horizon. Baron Global Advantage secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the fund had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baron Global Advantage, which you can use to evaluate the volatility of the entity. Please makes use of Baron Global's Mean Deviation of 0.8039, downside deviation of 1.34, and Risk Adjusted Performance of 0.1574 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Baron Global returns are very sensitive to returns on the market. As the market goes up or down, Baron Global is expected to follow.
Auto-correlation | 0.35 |
Below average predictability
Baron Global Advantage has below average predictability. Overlapping area represents the amount of predictability between Baron Global time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baron Global Advantage price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Baron Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 5.17 |
Baron Global Advantage lagged returns against current returns
Autocorrelation, which is Baron Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baron Global's mutual fund expected returns. We can calculate the autocorrelation of Baron Global returns to help us make a trade decision. For example, suppose you find that Baron Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baron Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baron Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baron Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Global Lagged Returns
When evaluating Baron Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Global mutual fund have on its future price. Baron Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baron Global autocorrelation shows the relationship between Baron Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Global Advantage.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Baron Mutual Fund
Baron Global financial ratios help investors to determine whether Baron Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Baron with respect to the benefits of owning Baron Global security.
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