Baron Global Correlations

Mutual Funds . USA . 
Fund . Baron Global Advantage
BGAFX Fund  USD 43.93  0.13  0.30%   
The current 90-days correlation between Baron Global Advantage and Baron Opportunity Fund is 0.93 (i.e., Almost no diversification). The correlation of Baron Global 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 Global Correlation With Market

Poor diversification

The correlation between Baron Global Advantage and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Global 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 Global 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 census.

Moving together with Baron Mutual Fund

  0.92BREIX Baron Real EstatePairCorr
  0.91BREFX Baron Real EstatePairCorr
  0.89BRIIX Baron Real EstatePairCorr
  0.99BSCFX Baron Small CapPairCorr
  0.94BARAX Baron Asset FundPairCorr
  0.99BSFIX Baron Small CapPairCorr
  0.93BARIX Baron Asset FundPairCorr
  0.99BTEEX Baron Select FundsPairCorr
  1.0BTECX Baron Select FundsPairCorr
  0.99BTEUX Baron Select FundsPairCorr
  0.98BDAIX Baron Durable AdvantagePairCorr
  0.96BDAFX Baron Durable AdvantagePairCorr
  0.97BDFIX Baron DiscoveryPairCorr
  0.97BDFFX Baron DiscoveryPairCorr
  0.98BWBIX Baron WealthbuilderPairCorr
  0.99BWBFX Baron WealthbuilderPairCorr
  0.97BEXIX Baron Emerging MarketsPairCorr
  0.97BEXFX Baron Emerging MarketsPairCorr
  0.99BFGIX Baron Focused GrowthPairCorr
  0.99BFGFX Baron Focused GrowthPairCorr
  0.94BFINX Baron FintechPairCorr
  0.96BFIIX Baron FintechPairCorr
  1.0BFTHX Baron Fifth AvenuePairCorr
  0.98BFTIX Baron Fifth AvenuePairCorr
  1.0BGAIX Baron Global AdvantagePairCorr
  0.91BGRIX Baron GrowthPairCorr
  0.9BGRFX Baron GrowthPairCorr
  0.97BIGFX Baron InternationalPairCorr
  0.82BINDX Baron India InstitutionalPairCorr
  0.82BINUX Baron India R6PairCorr
  0.82BINRX Baron India RetailPairCorr
  0.97BINIX Baron InternationalPairCorr
  1.0BIOPX Baron OpportunityPairCorr
  1.0BIOIX Baron OpportunityPairCorr
  0.89BPTRX Baron PartnersPairCorr
  0.9BPTIX Baron PartnersPairCorr
  0.98FNFPX American Funds NewPairCorr

Moving against Baron Mutual Fund

  0.48BHCHX Baron Health Care Potential GrowthPairCorr
  0.46BHCFX 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 Global 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 Global'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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