Baron Growth Correlations

Mutual Funds . USA . 
Fund . Baron Growth Fund
BGRIX Fund  USD 91.16  0.44  0.48%   
The current 90-days correlation between Baron Growth and Fidelity Advisor Financial is -0.25 (i.e., Very good 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

Poor diversification

The correlation between Baron Growth Fund and DJI is 0.79 (i.e., 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 gross domestic product.

Moving together with Baron Mutual Fund

  0.71BREIX Baron Real EstatePairCorr
  0.69BREFX Baron Real EstatePairCorr
  0.84BRIIX Baron Real EstatePairCorr
  0.77BSCFX Baron Small CapPairCorr
  0.94BARAX Baron Asset FundPairCorr
  0.77BSFIX Baron Small CapPairCorr
  0.94BARIX Baron Asset FundPairCorr
  0.73BTEEX Baron Select FundsPairCorr
  0.88BTECX Baron Select FundsPairCorr
  0.88BTEUX Baron Select FundsPairCorr
  0.89BDAIX Baron Durable AdvantagePairCorr
  0.75BDAFX Baron Durable AdvantagePairCorr
  0.73BDFIX Baron DiscoveryPairCorr
  0.73BDFFX Baron DiscoveryPairCorr
  0.73BWBIX Baron WealthbuilderPairCorr
  0.81BWBFX Baron WealthbuilderPairCorr
  0.65BEXIX Baron Emerging MarketsPairCorr
  0.65BEXFX Baron Emerging MarketsPairCorr
  0.74BFGIX Baron Focused GrowthPairCorr
  0.74BFGFX Baron Focused GrowthPairCorr
  0.74BFINX Baron FintechPairCorr
  0.96BFIIX Baron FintechPairCorr
  0.73BFTHX Baron Fifth AvenuePairCorr
  0.73BFTIX Baron Fifth AvenuePairCorr
  0.72BGAIX Baron Global AdvantagePairCorr
  0.72BGAFX Baron Global AdvantagePairCorr
  0.81BGRFX Baron GrowthPairCorr
  0.64BIGFX Baron InternationalPairCorr
  0.67BINDX Baron India InstitutionalPairCorr
  0.64BINIX Baron InternationalPairCorr
  0.73BIOPX Baron OpportunityPairCorr
  0.73BIOIX Baron OpportunityPairCorr
  0.66BPTRX Baron PartnersPairCorr
  0.66BPTIX Baron PartnersPairCorr
  0.75PAMCX T Rowe PricePairCorr

Moving against Baron Mutual Fund

  0.4BHCHX 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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