Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTUX Fund  USD 65.36  0.43  0.66%   
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 employment.

Moving together with Baron Mutual Fund

  0.9BREUX Baron Real EstatePairCorr
  0.88BRIUX Baron Real EstatePairCorr
  0.88BRIFX Baron Real EstatePairCorr
  0.99BSCUX Baron Small CapPairCorr
  0.94BARUX Baron Asset FundPairCorr
  0.99BDAUX Baron Durable AdvantagePairCorr
  0.99BDFUX Baron DiscoveryPairCorr
  0.99BWBTX Baron WealthbuilderPairCorr
  0.97BEXUX Baron Emerging MarketsPairCorr
  0.99BFGUX Baron Focused GrowthPairCorr
  0.96BFIUX Baron FintechPairCorr
  1.0BGLUX Baron Global AdvantagePairCorr
  0.91BGRUX Baron GrowthPairCorr
  0.97BIGUX Baron Intl GrowthPairCorr
  1.0BIOUX Baron OpportunityPairCorr
  0.91BPTUX 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
  0.88FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.96BTMKX Blackrock InternationalPairCorr
  0.96MDIIX Blackrock Intern IndexPairCorr
  0.73SPMPX Invesco Steelpath MlpPairCorr
  0.73MLPNX Oppenheimer Steelpath MlpPairCorr
  0.71MLPMX Oppenheimer Steelpath MlpPairCorr
  0.72SPMJX Invesco Steelpath MlpPairCorr
  0.99MFLDX Marketfield Fund MarPairCorr
  0.93HRLTX Hartford GlobalPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  0.990P0000V6X4 Vanguard Target RetirePairCorr

Moving against Baron Mutual Fund

  0.45BHCUX 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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