Baron Growth Correlations

BGRUX Fund

USD 90.58 0.58 0.64%

The current 90-days correlation between Baron Growth and Baron Focused Growth is 0.79 (i.e., 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 employment.

Moving together with Baron Mutual Fund

0.82	BREUX	Baron Real Estate	Pair Corr
0.79	BRIUX	Baron Real Estate	Pair Corr
0.79	BRIFX	Baron Real Estate	Pair Corr
0.9	BSCUX	Baron Small Cap	Pair Corr
0.9	BARUX	Baron Asset Fund	Pair Corr
0.87	BDAUX	Baron Durable Advantage	Pair Corr
0.89	BDFUX	Baron Discovery	Pair Corr
0.9	BWBTX	Baron Wealthbuilder	Pair Corr
0.84	BEXUX	Baron Emerging Markets	Pair Corr
0.89	BFGUX	Baron Focused Growth	Pair Corr
0.92	BFIUX	Baron Fintech	Pair Corr
0.88	BFTUX	Baron Fifth Avenue	Pair Corr
0.88	BGLUX	Baron Global Advantage	Pair Corr
0.87	BIOUX	Baron Opportunity	Pair Corr
0.93	PAMCX	T Rowe Price	Pair Corr
0.93	RRMGX	T Rowe Price	Pair Corr
0.93	TRQZX	T Rowe Price	Pair Corr
0.93	RPMGX	T Rowe Price	Pair Corr
0.85	PRJIX	T Rowe Price	Pair Corr
0.9	PRNHX	T Rowe Price	Pair Corr
0.9	TRUZX	T Rowe Price	Pair Corr
0.9	PCBIX	Midcap Fund Institutional	Pair Corr
0.9	PEMGX	Midcap Fund Class	Pair Corr
0.94	PMBCX	Midcap Fund Class	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VGTSX	Vanguard Total Inter	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.75	CIRRX	Cohen Steers Real	Pair Corr
0.91	ILGRX	Ivy Large Cap	Pair Corr

Moving against Baron Mutual Fund

0.5

BHCUX

Baron Health Care

Pair Corr

Related Correlations Analysis

	BFGFX	BFGIX	BPTIX	BPTRX	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX
BFGFX		1.0	0.94	0.92	0.9	0.9	0.89	0.98	0.94	0.96	BFGFX
BFGIX	1.0		0.94	0.92	0.9	0.9	0.89	0.98	0.94	0.96	BFGIX
BPTIX	0.94	0.94		0.96	0.78	0.82	0.82	0.87	0.88	0.84	BPTIX
BPTRX	0.92	0.92	0.96		0.79	0.84	0.84	0.89	0.9	0.86	BPTRX
BREUX	0.9	0.9	0.78	0.79		0.93	0.93	0.93	0.87	0.93	BREUX
BRIUX	0.9	0.9	0.82	0.84	0.93		1.0	0.92	0.91	0.89	BRIUX
BRIFX	0.89	0.89	0.82	0.84	0.93	1.0		0.91	0.91	0.88	BRIFX
BSCUX	0.98	0.98	0.87	0.89	0.93	0.92	0.91		0.96	0.99	BSCUX
BARUX	0.94	0.94	0.88	0.9	0.87	0.91	0.91	0.96		0.92	BARUX
BDAUX	0.96	0.96	0.84	0.86	0.93	0.89	0.88	0.99	0.92		BDAUX
	BFGFX	BFGIX	BPTIX	BPTRX	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BFGFX	0.76	0.14	0.13	0.29	0.67	(0.94)	2.25	(1.26)	4.77
BFGIX	0.76	0.14	0.13	0.29	0.67	(0.91)	2.22	(1.24)	4.76
BPTIX	1.31	0.13	0.08	0.25	1.47	(1.47)	3.26	(2.38)	9.41
BPTRX	1.31	0.29	0.08	(3.97)	1.49	(1.43)	3.27	(2.38)	9.41
BREUX	0.85	0.22	0.05	(1.44)	0.96	(0.90)	1.92	(1.87)	5.83
BRIUX	0.61	0.14	(0.02)	(0.72)	0.70	(0.70)	1.49	(1.15)	4.53
BRIFX	0.61	0.14	(0.02)	(0.72)	0.70	(0.68)	1.50	(1.16)	4.52
BSCUX	0.86	0.26	0.09	(1.46)	0.82	(0.98)	2.46	(1.37)	6.03
BARUX	0.65	0.15	0.00	(1.12)	0.69	(0.75)	1.78	(1.23)	5.14
BDAUX	0.81	0.31	0.15	(3.28)	0.65	(1.08)	2.38	(1.84)	6.21

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