Baron Durable Correlations
| BDAFX Fund | USD 29.45 0.12 0.41% |
The current 90-days correlation between Baron Durable Advantage and Baron Discovery Fund is 0.21 (i.e., Modest diversification). The correlation of Baron Durable 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 Durable Correlation With Market
Average diversification
The correlation between Baron Durable Advantage and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Durable Advantage and DJI in the same portfolio, assuming nothing else is changed.
Baron |
Moving together with Baron Mutual Fund
| 0.72 | FAFGX | American Funds | PairCorr |
| 0.72 | FFAFX | American Funds | PairCorr |
| 0.72 | GFACX | Growth Fund | PairCorr |
| 0.72 | GFAFX | Growth Fund | PairCorr |
| 0.72 | CGFFX | Growth Fund | PairCorr |
| 0.72 | CGFCX | Growth Fund | PairCorr |
| 0.72 | CGFAX | Growth Fund | PairCorr |
| 0.72 | CGFEX | Growth Fund | PairCorr |
| 0.72 | RGAEX | Growth Fund | PairCorr |
| 0.64 | IFN | India Closed | PairCorr |
| 0.63 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.64 | JNJ | Johnson Johnson | PairCorr |
Moving against Baron Mutual Fund
Related Correlations Analysis
| 0.73 | 0.66 | 0.76 | 0.88 | BDFFX | ||
| 0.73 | 0.18 | 0.93 | 0.84 | BFTHX | ||
| 0.66 | 0.18 | 0.21 | 0.48 | BHCFX | ||
| 0.76 | 0.93 | 0.21 | 0.87 | BWBFX | ||
| 0.88 | 0.84 | 0.48 | 0.87 | BIGFX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Baron Mutual Fund performing well and Baron Durable 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 Durable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDFFX | 0.91 | 0.05 | 0.01 | 0.17 | 1.04 | 1.81 | 6.42 | |||
| BFTHX | 1.12 | 0.12 | 0.04 | 0.35 | 1.30 | 2.52 | 7.03 | |||
| BHCFX | 0.69 | (0.09) | 0.00 | (0.24) | 0.00 | 1.40 | 3.82 | |||
| BWBFX | 0.74 | 0.05 | (0.01) | 0.22 | 0.99 | 1.37 | 6.93 | |||
| BIGFX | 0.53 | 0.00 | (0.08) | 0.07 | 0.79 | 1.08 | 2.99 |
Baron Durable Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baron Durable mutual fund to make a market-neutral strategy. Peer analysis of Baron Durable could also be used in its relative valuation, which is a method of valuing Baron Durable by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |