Baron Growth Correlations

Mutual Funds . USA . 
Fund . Baron Growth Fund
BGRFX Fund  USD 85.37  0.41  0.48%   
The current 90-days correlation between Baron Growth and Baron Asset Fund is 0.88 (i.e., Very poor diversification). The correlation of Baron Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Baron Growth Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Growth Fund 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 Growth Fund. 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

  0.87BREIX Baron Real EstatePairCorr
  0.87BREFX Baron Real EstatePairCorr
  0.85BRIIX Baron Real EstatePairCorr
  0.94BSCFX Baron Small CapPairCorr
  0.94BARAX Baron Asset FundPairCorr
  0.94BSFIX Baron Small CapPairCorr
  0.9BARIX Baron Asset FundPairCorr
  0.89BTEEX Baron Select FundsPairCorr
  0.9BTECX Baron Select FundsPairCorr
  0.89BTEUX Baron Select FundsPairCorr
  0.88BDAIX Baron Durable AdvantagePairCorr
  0.87BDAFX Baron Durable AdvantagePairCorr
  0.9BDFIX Baron DiscoveryPairCorr
  0.9BDFFX Baron DiscoveryPairCorr
  0.9BWBIX Baron WealthbuilderPairCorr
  0.94BWBFX Baron WealthbuilderPairCorr
  0.85BEXIX Baron Emerging MarketsPairCorr
  0.85BEXFX Baron Emerging MarketsPairCorr
  0.93BFGIX Baron Focused GrowthPairCorr
  0.93BFGFX Baron Focused GrowthPairCorr
  0.92BFINX Baron FintechPairCorr
  0.96BFIIX Baron FintechPairCorr
  0.91BFTHX Baron Fifth AvenuePairCorr
  0.89BFTIX Baron Fifth AvenuePairCorr
  0.9BGAIX Baron Global AdvantagePairCorr
  0.9BGAFX Baron Global AdvantagePairCorr
  1.0BGRIX Baron GrowthPairCorr
  0.86BIGFX Baron InternationalPairCorr
  0.75BINDX Baron India InstitutionalPairCorr
  0.75BINUX Baron India R6PairCorr
  0.75BINRX Baron India RetailPairCorr
  0.86BINIX Baron InternationalPairCorr
  0.9BIOPX Baron OpportunityPairCorr
  0.9BIOIX Baron OpportunityPairCorr
  0.83BPTRX Baron PartnersPairCorr
  0.86BPTIX Baron PartnersPairCorr
  0.93PAMCX T Rowe PricePairCorr

Moving against Baron Mutual Fund

  0.51BHCHX Baron Health Care Potential GrowthPairCorr
  0.4BHCFX 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 Growth 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 Growth'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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