Baron Asset Correlations

BARIX Fund

USD 101.45 0.54 0.53%

The current 90-days correlation between Baron Asset Fund and John Hancock Disciplined is 0.08 (i.e., Significant diversification). The correlation of Baron Asset 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 Asset Correlation With Market

Significant diversification

The correlation between Baron Asset Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Asset Fund 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 Asset Fund. 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

0.85	BREIX	Baron Real Estate	Pair Corr
0.89	BRIIX	Baron Real Estate	Pair Corr
0.72	BARAX	Baron Asset Fund	Pair Corr
0.94	BTECX	Baron Select Funds	Pair Corr
0.93	BDAFX	Baron Durable Advantage	Pair Corr
0.61	BDFIX	Baron Discovery	Pair Corr
0.61	BDFFX	Baron Discovery	Pair Corr
0.95	BWBIX	Baron Wealthbuilder	Pair Corr
0.67	BWBFX	Baron Wealthbuilder	Pair Corr
0.61	BEXIX	Baron Emerging Markets	Pair Corr
0.65	BFGIX	Baron Focused Growth	Pair Corr
0.96	BFINX	Baron Fintech	Pair Corr
0.96	BFIIX	Baron Fintech	Pair Corr
0.61	BGAIX	Baron Global Advantage	Pair Corr
0.69	BGRIX	Baron Growth	Pair Corr
0.71	BGRFX	Baron Growth	Pair Corr
0.62	BIGFX	Baron International	Pair Corr
0.75	BINDX	Baron India Institutional	Pair Corr
0.78	BINUX	Baron India R6	Pair Corr
0.75	BINRX	Baron India Retail	Pair Corr
0.62	BINIX	Baron International	Pair Corr
0.63	BIOPX	Baron Opportunity	Pair Corr
0.61	PAMCX	T Rowe Price	Pair Corr

Moving against Baron Mutual Fund

0.48	BHCFX	Baron Health Care Potential Growth	Pair Corr
0.47	BHCHX	Baron Health Care Potential Growth	Pair Corr

Related Correlations Analysis

	JVMIX	BGRIX	BPTIX	NFFFX	BDFIX
JVMIX		0.93	0.83	0.98	0.98	JVMIX
BGRIX	0.93		0.83	0.89	0.93	BGRIX
BPTIX	0.83	0.83		0.8	0.85	BPTIX
NFFFX	0.98	0.89	0.8		0.98	NFFFX
BDFIX	0.98	0.93	0.85	0.98		BDFIX
	JVMIX	BGRIX	BPTIX	NFFFX	BDFIX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Asset 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 Asset'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
JVMIX	0.64	0.19	0.19	0.37	0.33	(0.78)	1.88	(0.83)	5.45
BGRIX	0.75	0.02	0.00	0.16	0.78	(0.86)	1.90	(1.66)	4.80
BPTIX	1.28	0.28	0.16	0.50	1.30	(1.50)	3.26	(2.26)	9.41
NFFFX	0.45	0.20	0.25	0.54	0.00	(0.54)	1.87	(0.60)	3.41
BDFIX	0.82	0.33	0.21	(4.08)	0.46	(0.98)	2.32	(1.28)	6.17

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