Baron Focused Correlations

BFGFX Fund  USD 50.31  0.11  0.22%   
The current 90-days correlation between Baron Focused Growth and Small Pany Growth is 0.7 (i.e., Poor diversification). The correlation of Baron Focused 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 Focused Correlation With Market

Very poor diversification

The correlation between Baron Focused Growth and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Focused Growth 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 Focused Growth. 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 census.

Moving together with Baron Mutual Fund

  0.91BREIX Baron Real EstatePairCorr
  0.91BREFX Baron Real EstatePairCorr
  0.91BRIIX Baron Real EstatePairCorr
  0.99BSCFX Baron Small CapPairCorr
  0.96BARAX Baron Asset FundPairCorr
  0.99BSFIX Baron Small CapPairCorr
  0.96BARIX Baron Asset FundPairCorr
  0.98BTEEX Baron Select FundsPairCorr
  0.98BTECX Baron Select FundsPairCorr
  0.98BTEUX Baron Select FundsPairCorr
  0.98BDAIX Baron Durable AdvantagePairCorr
  0.98BDAFX Baron Durable AdvantagePairCorr
  0.99BDFIX Baron DiscoveryPairCorr
  0.99BDFFX Baron DiscoveryPairCorr
  1.0BWBIX Baron WealthbuilderPairCorr
  1.0BWBFX Baron WealthbuilderPairCorr
  0.95BEXIX Baron Emerging MarketsPairCorr
  0.95BEXFX Baron Emerging MarketsPairCorr
  1.0BFGIX Baron Focused GrowthPairCorr
  0.97BFINX Baron FintechPairCorr
  0.97BFIIX Baron FintechPairCorr
  0.99BFTHX Baron Fifth AvenuePairCorr
  0.99BFTIX Baron Fifth AvenuePairCorr
  0.99BGAIX Baron Global AdvantagePairCorr
  0.99BGAFX Baron Global AdvantagePairCorr
  0.93BGRIX Baron GrowthPairCorr
  0.93BGRFX Baron GrowthPairCorr
  0.96BIGFX Baron InternationalPairCorr
  0.78BINDX Baron India InstitutionalPairCorr
  0.78BINUX Baron India R6PairCorr
  0.78BINRX Baron India RetailPairCorr
  0.96BINIX Baron InternationalPairCorr
  0.99BIOPX Baron OpportunityPairCorr
  0.99BIOIX Baron OpportunityPairCorr
  0.94BPTRX Baron PartnersPairCorr
  0.94BPTIX Baron PartnersPairCorr
  0.98PAMCX T Rowe PricePairCorr

Moving against Baron Mutual Fund

  0.49BHCFX Baron Health Care Potential GrowthPairCorr
  0.48BHCHX 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 Focused 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 Focused'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.