Baron Asset Correlations

Mutual Funds . USA . 
Fund . Baron Asset Fund
BARUX Fund  USD 101.92  0.03  0.03%   
The current 90-days correlation between Baron Asset Fund and Baron Focused Growth is 0.04 (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

Very poor diversification

The correlation between Baron Asset Fund and DJI is 0.87 (i.e., Very poor 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 employment.

Moving together with Baron Mutual Fund

  0.91BRIUX Baron Real EstatePairCorr
  0.91BRIFX Baron Real EstatePairCorr
  0.96BSCUX Baron Small CapPairCorr
  0.92BDAUX Baron Durable AdvantagePairCorr
  0.96BDFUX Baron DiscoveryPairCorr
  0.97BWBTX Baron WealthbuilderPairCorr
  0.91BEXUX Baron Emerging MarketsPairCorr
  0.96BFGUX Baron Focused GrowthPairCorr
  0.98BFIUX Baron FintechPairCorr
  0.94BFTUX Baron Fifth AvenuePairCorr
  0.94BGLUX Baron Global AdvantagePairCorr
  0.94BGRUX Baron GrowthPairCorr
  0.94BIGUX Baron Intl GrowthPairCorr
  0.93BIOUX Baron OpportunityPairCorr
  0.9BPTUX Baron PartnersPairCorr
  0.69PAMCX T Rowe PricePairCorr
  0.69RRMGX T Rowe PricePairCorr
  0.68TRQZX T Rowe PricePairCorr
  0.69RPMGX T Rowe PricePairCorr
  0.94PRJIX T Rowe PricePairCorr
  0.94PRNHX T Rowe PricePairCorr
  0.62PCBIX Midcap Fund InstitutionalPairCorr
  0.62PEMGX Midcap Fund ClassPairCorr
  0.62PMBCX Midcap Fund ClassPairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.92VFFSX Vanguard 500 IndexPairCorr
  0.64VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.84CIRRX Cohen Steers RealPairCorr

Moving against Baron Mutual Fund

  0.4BHCUX Baron Health Care Potential GrowthPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BFGFX  0.68  0.29  0.22  14.21  0.35 
(0.90)
 1.88 
(1.03)
 4.45 
BFGIX  0.68  0.29  0.22  14.84  0.34 
(0.88)
 1.89 
(1.04)
 4.45 
BPTIX  1.24  0.34  0.12 (10.96) 1.32 
(1.45)
 3.22 
(2.26)
 9.41 
BPTRX  1.24  0.34  0.12 (10.92) 1.33 
(1.45)
 3.23 
(2.26)
 9.41 
BREUX  0.78  0.21  0.06 (3.36) 0.88 
(0.86)
 1.80 
(1.64)
 5.83 
BRIUX  0.61  0.04 (0.01) 0.19  0.70 
(0.70)
 1.49 
(1.15)
 4.53 
BRIFX  0.61  0.04 (0.02) 0.19  0.70 
(0.68)
 1.50 
(1.16)
 4.52 
BSCUX  0.86  0.09  0.09  0.21  0.82 
(0.98)
 2.46 
(1.37)
 6.03 
BARUX  0.65  0.03  0.01  0.16  0.69 
(0.75)
 1.78 
(1.23)
 5.14 
BDAUX  0.81  0.15  0.15  0.27  0.65 
(1.08)
 2.38 
(1.84)
 6.21 

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