Baron Fintech Correlations

BFIUX Fund

USD 18.81 0.04 0.21%

The current 90-days correlation between Baron Fintech and Yuanbao American Depositary is -0.01 (i.e., Good diversification). The correlation of Baron Fintech 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 Fintech Correlation With Market

Very poor diversification

The correlation between Baron Fintech and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fintech 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 Fintech. 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

0.72	VVPR	VivoPower International Tech Boost	Pair Corr
0.82	DBD	Diebold Nixdorf,	Pair Corr
0.66	GENVR	Gen Digital Contingent	Pair Corr
0.69	BULLW	Webull Warrants Trending	Pair Corr
0.65	MIND	Mind Technology	Pair Corr
0.83	HPE-PC	Hewlett Packard Ente	Pair Corr
0.85	CORZZ	Core Scientific, Tranche	Pair Corr
0.74	RZLVW	Rezolve AI Limited	Pair Corr
0.67	SATX	SatixFy Communications	Pair Corr
0.76	STRF	MicroStrategy Incorporated	Pair Corr
0.9	BREUX	Baron Real Estate	Pair Corr
0.91	BRIUX	Baron Real Estate	Pair Corr
0.91	BRIFX	Baron Real Estate	Pair Corr

Moving against Baron Mutual Fund

0.77	NOVA	Sunnova Energy Inter	Pair Corr
0.76	VSTE	Vast Renewables	Pair Corr
0.74	HPAIW	Helport AI Limited	Pair Corr
0.73	VISL	Vislink Technologies	Pair Corr
0.53	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.47	SLNHP	Soluna Holdings Preferred	Pair Corr
0.45	APCXW	AppTech Payments Corp	Pair Corr
0.41	ODYS	Odysightai Common Stock	Pair Corr
0.4	MRIN	Marin Software Tech Boost	Pair Corr
0.84	SMTK	SmartKem, Common Stock	Pair Corr
0.57	APCX	Apptech Corp	Pair Corr
0.42	BHCUX	Baron Health Care Potential Growth	Pair Corr

Related Correlations Analysis

	YB	VBIX	DVLT	VVPR	EXOD	BREUX	BRIFX	BSCUX	BARUX	BDAUX
YB		-0.19	-0.54	-0.19	0.01	0.08	-0.16	-0.04	-0.25	0.05	YB
VBIX	-0.19		0.38	0.19	0.22	-0.2	-0.16	-0.22	-0.18	-0.26	VBIX
DVLT	-0.54	0.38		0.0	-0.04	-0.38	-0.22	-0.29	-0.13	-0.36	DVLT
VVPR	-0.19	0.19	0.0		-0.46	0.61	0.68	0.74	0.73	0.71	VVPR
EXOD	0.01	0.22	-0.04	-0.46		-0.33	-0.36	-0.56	-0.52	-0.58	EXOD
BREUX	0.08	-0.2	-0.38	0.61	-0.33		0.93	0.93	0.87	0.93	BREUX
BRIFX	-0.16	-0.16	-0.22	0.68	-0.36	0.93		0.91	0.91	0.88	BRIFX
BSCUX	-0.04	-0.22	-0.29	0.74	-0.56	0.93	0.91		0.96	0.99	BSCUX
BARUX	-0.25	-0.18	-0.13	0.73	-0.52	0.87	0.91	0.96		0.92	BARUX
BDAUX	0.05	-0.26	-0.36	0.71	-0.58	0.93	0.88	0.99	0.92		BDAUX
	YB	VBIX	DVLT	VVPR	EXOD	BREUX	BRIFX	BSCUX	BARUX	BDAUX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BDAUX	+ 0.99	BSCUX
BARUX	+ 0.96	BSCUX
BRIFX	+ 0.93	BREUX
BSCUX	+ 0.93	BREUX
BDAUX	+ 0.93	BREUX
BDAUX	+ 0.92	BARUX

High negative correlations

BDAUX	- 0.58	EXOD
BSCUX	- 0.56	EXOD
DVLT	- 0.54	YB
BARUX	- 0.52	EXOD
EXOD	- 0.46	VVPR
BREUX	- 0.38	DVLT

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fintech 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 Fintech'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
YB	3.76	1.07	0.27	4.66	3.01	(4.85)	14.01	(6.02)	27.13
VBIX	7.74	0.56	0.02	(0.33)	12.14	(8.14)	14.34	(20.18)	88.20
DVLT	5.15	(0.01)	0.00	0.12	5.83	(6.44)	12.33	(9.89)	33.36
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
EXOD	6.48	(0.12)	0.02	0.10	8.40	(6.61)	16.85	(9.78)	43.33
BREUX	0.85	0.07	0.06	0.20	0.96	(0.90)	1.92	(1.87)	5.83
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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