Baron Small Correlations

Mutual Funds . USA . 
Fund . Baron Small Cap
BSCFX Fund  USD 30.51  0.24  0.78%   
The current 90-days correlation between Baron Small Cap and Baron Growth Fund is 0.87 (i.e., Very poor diversification). The correlation of Baron Small 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 Small Correlation With Market

Very poor diversification

The correlation between Baron Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Small Cap 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 Small Cap. 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

  0.93BREIX Baron Real EstatePairCorr
  0.93BREFX Baron Real EstatePairCorr
  0.92BRIIX Baron Real EstatePairCorr
  0.96BARAX Baron Asset FundPairCorr
  1.0BSFIX Baron Small CapPairCorr
  0.94BARIX Baron Asset FundPairCorr
  0.97BTEEX Baron Select FundsPairCorr
  0.99BTECX Baron Select FundsPairCorr
  0.97BTEUX Baron Select FundsPairCorr
  0.97BDAIX Baron Durable AdvantagePairCorr
  0.95BDAFX Baron Durable AdvantagePairCorr
  0.97BDFIX Baron DiscoveryPairCorr
  0.97BDFFX Baron DiscoveryPairCorr
  0.97BWBIX Baron WealthbuilderPairCorr
  0.99BWBFX Baron WealthbuilderPairCorr
  0.96BEXIX Baron Emerging MarketsPairCorr
  0.96BEXFX Baron Emerging MarketsPairCorr
  0.99BFGIX Baron Focused GrowthPairCorr
  0.99BFGFX Baron Focused GrowthPairCorr
  0.95BFINX Baron FintechPairCorr
  0.98BFIIX Baron FintechPairCorr
  0.99BFTHX Baron Fifth AvenuePairCorr
  0.97BFTIX Baron Fifth AvenuePairCorr
  0.99BGAIX Baron Global AdvantagePairCorr
  0.99BGAFX Baron Global AdvantagePairCorr
  0.94BGRIX Baron GrowthPairCorr
  0.94BGRFX Baron GrowthPairCorr
  0.96BIGFX Baron InternationalPairCorr
  0.8BINDX Baron India InstitutionalPairCorr
  0.8BINUX Baron India R6PairCorr
  0.8BINRX Baron India RetailPairCorr
  0.96BINIX Baron InternationalPairCorr
  0.99BIOPX Baron OpportunityPairCorr
  0.99BIOIX Baron OpportunityPairCorr
  0.87BPTRX Baron PartnersPairCorr
  0.89BPTIX Baron PartnersPairCorr
  0.97VSGAX Vanguard Small CapPairCorr

Moving against Baron Mutual Fund

  0.48BHCHX Baron Health Care Potential GrowthPairCorr
  0.44BHCFX 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 Small 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 Small'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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