Baron Small Correlations

Mutual Funds . USA . 
Fund . Baron Small Cap
BSFIX Fund  USD 33.44  0.26  0.77%   
The current 90-days correlation between Baron Small Cap and Elfun Government Money is -0.01 (i.e., Good 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 0.83 (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 gross domestic product.

Moving together with Baron Mutual Fund

  0.61BREFX Baron Real EstatePairCorr
  0.89BRIIX Baron Real EstatePairCorr
  0.69BSCFX Baron Small CapPairCorr
  0.95BARAX Baron Asset FundPairCorr
  0.95BARIX Baron Asset FundPairCorr
  0.7BTEEX Baron Select FundsPairCorr
  0.98BTECX Baron Select FundsPairCorr
  0.98BTEUX Baron Select FundsPairCorr
  0.99BDAIX Baron Durable AdvantagePairCorr
  0.73BDAFX Baron Durable AdvantagePairCorr
  0.67BDFIX Baron DiscoveryPairCorr
  0.67BDFFX Baron DiscoveryPairCorr
  0.66BWBIX Baron WealthbuilderPairCorr
  0.82BWBFX Baron WealthbuilderPairCorr
  0.62BEXIX Baron Emerging MarketsPairCorr
  0.62BEXFX Baron Emerging MarketsPairCorr
  0.66BFGIX Baron Focused GrowthPairCorr
  0.66BFGFX Baron Focused GrowthPairCorr
  0.64BFINX Baron FintechPairCorr
  0.97BFIIX Baron FintechPairCorr
  0.68BFTHX Baron Fifth AvenuePairCorr
  0.69BFTIX Baron Fifth AvenuePairCorr
  0.67BGAIX Baron Global AdvantagePairCorr
  0.67BGAFX Baron Global AdvantagePairCorr
  0.94BGRIX Baron GrowthPairCorr
  0.74BGRFX Baron GrowthPairCorr
  0.69BINDX Baron India InstitutionalPairCorr
  0.97BINIX Baron InternationalPairCorr
  0.69BIOPX Baron OpportunityPairCorr
  0.69BIOIX Baron OpportunityPairCorr
  0.67VSGAX Vanguard Small CapPairCorr
  0.68VSGIX Vanguard Small CapPairCorr

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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