Baron Technology Correlations

BCTK Etf

25.19 0.48 1.87%

The current 90-days correlation between Baron Technology ETF and First Trust Exchange Traded is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baron Technology ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Baron Technology Correlation With Market

Significant diversification

The correlation between Baron Technology ETF and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Technology ETF and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Baron Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baron Technology ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Baron Etf

0.55	MCD	McDonalds	Pair Corr
0.41	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.33	AXP	American Express	Pair Corr
0.31	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	MDEV	MEDX	MEDI	MGNR	DPST	WEEL	EUFN	FBDC	FHLC
MDEV		0.53	0.65	0.77	0.75	0.81	0.65	0.61	0.76	MDEV
MEDX	0.53		0.72	0.51	0.62	0.48	0.56	0.47	0.8	MEDX
MEDI	0.65	0.72		0.6	0.56	0.57	0.52	0.37	0.94	MEDI
MGNR	0.77	0.51	0.6		0.89	0.93	0.92	0.72	0.78	MGNR
DPST	0.75	0.62	0.56	0.89		0.88	0.91	0.77	0.77	DPST
WEEL	0.81	0.48	0.57	0.93	0.88		0.86	0.8	0.74	WEEL
EUFN	0.65	0.56	0.52	0.92	0.91	0.86		0.66	0.75	EUFN
FBDC	0.61	0.47	0.37	0.72	0.77	0.8	0.66		0.53	FBDC
FHLC	0.76	0.8	0.94	0.78	0.77	0.74	0.75	0.53		FHLC
	MDEV	MEDX	MEDI	MGNR	DPST	WEEL	EUFN	FBDC	FHLC

Baron Technology Constituents Risk-Adjusted Indicators

There is a big difference between Baron Etf performing well and Baron Technology ETF 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 Technology'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
MDEV	0.65	0.00	(0.03)	0.11	0.59	(0.74)	1.75	(1.23)	4.31
MEDX	0.78	0.07	0.01	0.26	0.62	(0.96)	2.32	(1.34)	4.24
MEDI	0.82	0.08	0.01	0.30	0.80	(0.94)	2.10	(1.51)	5.15
MGNR	1.18	0.09	0.06	0.18	1.51	(1.17)	2.17	(2.17)	6.14
DPST	2.63	0.36	0.18	0.23	2.60	(3.02)	6.72	(3.56)	18.09
WEEL	0.34	0.05	(0.09)	0.50	0.24	(0.40)	0.93	(0.56)	2.25
EUFN	0.71	0.10	0.08	0.23	0.71	(0.77)	1.66	(1.34)	3.83
FBDC	0.74	0.04	0.01	0.17	0.78	(0.84)	1.46	(1.32)	4.35
FHLC	0.61	0.09	0.08	0.27	0.38	(0.73)	2.02	(1.04)	3.71

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Baron Technology Correlations

Baron Technology Correlation With Market

Significant diversification

Moving against Baron Etf

Related Correlations Analysis

Baron Technology Constituents Risk-Adjusted Indicators

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