| BRIIX Fund | | | USD 16.78 0.03 0.18% |
The current 90-days correlation between Baron Real Estate and Baron Real Estate is 0.85 (i.e., Very poor diversification). The correlation of Baron Real 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 Real Correlation With Market
Poor diversification
The correlation between Baron Real Estate and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Real Estate and DJI in the same portfolio, assuming nothing else is changed.
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