Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTIX Fund  USD 65.38  0.44  0.68%   
The current 90-days correlation between Baron Fifth Avenue and Baron Partners Fund is 0.66 (i.e., Poor diversification). The correlation of Baron Fifth 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 Fifth Correlation With Market

Poor diversification

The correlation between Baron Fifth Avenue and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fifth Avenue 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 Fifth Avenue. 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

  0.99BDAIX Baron Durable AdvantagePairCorr
  0.99BDFIX Baron DiscoveryPairCorr
  0.97BEXFX Baron Emerging MarketsPairCorr
  0.99BFGIX Baron Focused GrowthPairCorr
  0.99BFGFX Baron Focused GrowthPairCorr
  1.0BGAFX Baron Global AdvantagePairCorr
  1.0BIOIX Baron OpportunityPairCorr
  0.91BPTIX Baron PartnersPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.72NHS Neuberger Berman HighPairCorr
  0.73BIMIX Baird Intermediate BondPairCorr
  0.99CSGCX Calvert Balanced PorPairCorr
  0.9STMUX Invesco Short TermPairCorr
  0.99LPREX Blackrock LifepathPairCorr
  0.98PRSIX Trowe Price PersonalPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.97TRROX T Rowe PricePairCorr
  0.99ATECX Ab Sustainable GlobalPairCorr
  0.97JGMCX Janus TritonPairCorr
  0.96STRBX Sterling Capital BehPairCorr
  0.97MXEOX Great West EmergingPairCorr
  0.97TEMVX Tiaa Cref EmergingPairCorr
  0.99NWOBX Nationwide DestinationPairCorr
  0.95NBPIX Neuberger Berman LargePairCorr
  0.71PGCAX Investment Grade PoratePairCorr
  0.71GRECX Goldman Sachs RealPairCorr
  0.61FBIOX Biotechnology PortfolioPairCorr

Moving against Baron Mutual Fund

  0.45BHCHX 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 Fifth 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 Fifth'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.

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