Baron Durable Correlations

BDAIX Fund

USD 33.30 0.05 0.15%

The current 90-days correlation between Baron Durable Advantage and Siit Limited Duration is 0.05 (i.e., Significant diversification). The correlation of Baron Durable 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 Durable Correlation With Market

Good diversification

The correlation between Baron Durable Advantage and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Durable Advantage 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 Durable Advantage. 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

0.64	BRIIX	Baron Real Estate	Pair Corr
0.88	BTEEX	Baron Select Funds	Pair Corr
0.76	BTECX	Baron Select Funds	Pair Corr
0.7	BTEUX	Baron Select Funds	Pair Corr
0.81	BDAFX	Baron Durable Advantage	Pair Corr
0.71	BEXIX	Baron Emerging Markets	Pair Corr
0.71	BEXFX	Baron Emerging Markets	Pair Corr
0.81	BFTHX	Baron Fifth Avenue	Pair Corr
0.81	BFTIX	Baron Fifth Avenue	Pair Corr
0.77	BGAIX	Baron Global Advantage	Pair Corr
0.77	BGAFX	Baron Global Advantage	Pair Corr
0.79	BIOPX	Baron Opportunity	Pair Corr
0.79	BIOIX	Baron Opportunity	Pair Corr
0.62	BPTIX	Baron Partners	Pair Corr
0.69	FAFGX	American Funds	Pair Corr

Moving against Baron Mutual Fund

0.69	BGRIX	Baron Growth	Pair Corr
0.47	BFINX	Baron Fintech	Pair Corr
0.47	BFIIX	Baron Fintech	Pair Corr
0.43	BARAX	Baron Asset Fund	Pair Corr
0.42	BARIX	Baron Asset Fund	Pair Corr
0.67	BGRFX	Baron Growth	Pair Corr

Related Correlations Analysis

	SLDBX	MSTBX	PRINX	UIITX	BBINX	TIMTX
SLDBX		0.93	0.91	0.96	0.89	0.88	SLDBX
MSTBX	0.93		0.96	0.97	0.95	0.95	MSTBX
PRINX	0.91	0.96		0.96	0.99	0.99	PRINX
UIITX	0.96	0.97	0.96		0.95	0.94	UIITX
BBINX	0.89	0.95	0.99	0.95		1.0	BBINX
TIMTX	0.88	0.95	0.99	0.94	1.0		TIMTX
	SLDBX	MSTBX	PRINX	UIITX	BBINX	TIMTX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Durable 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 Durable'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SLDBX	0.07	0.01	(0.98)	(0.59)	(0.15)	0.10	(0.10)	0.62
MSTBX	0.08	0.00	(0.91)	0.00	(0.13)	0.20	(0.10)	0.41
PRINX	0.13	0.06	(0.48)	6.41	(0.22)	0.45	(0.18)	0.92
UIITX	0.18	0.03	(0.43)	1.20	(0.22)	0.33	(0.32)	0.97
BBINX	0.09	0.03	(0.85)	13.45	(0.16)	0.29	(0.10)	0.59
TIMTX	0.10	0.04	(0.69)	6.43	(0.16)	0.28	(0.10)	0.67

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