Baron Emerging Correlations

Mutual Funds . USA . 
Fund . Baron Emerging Markets
BEXIX Fund  USD 20.91  0.25  1.21%   
The current 90-days correlation between Baron Emerging Markets and Community Reinvestment Act is -0.07 (i.e., Good diversification). The correlation of Baron Emerging 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 Emerging Correlation With Market

Poor diversification

The correlation between Baron Emerging Markets and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Emerging Markets 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 Emerging Markets. 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

  0.68BREIX Baron Real EstatePairCorr
  0.68BREFX Baron Real EstatePairCorr
  0.64BSCFX Baron Small CapPairCorr
  0.64BSFIX Baron Small CapPairCorr
  0.63BDAIX Baron Durable AdvantagePairCorr
  0.62BDAFX Baron Durable AdvantagePairCorr
  1.0BEXFX Baron Emerging MarketsPairCorr
  0.97BIGFX Baron InternationalPairCorr
  0.97BINIX Baron InternationalPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr

Moving against Baron Mutual Fund

  0.74BINDX Baron India InstitutionalPairCorr
  0.74BINUX Baron India R6PairCorr
  0.74BINRX Baron India RetailPairCorr
  0.4ODVYX Oppenheimer DevelopingPairCorr
  0.34BHCHX Baron Health CarePairCorr
  0.34BHCFX Baron Health CarePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BEXIX  0.73  0.05  0.03  0.17  0.63 
(0.89)
 1.40 
(1.37)
 3.94 
DEMSX  0.52  0.08  0.03  0.32  0.46 
(0.59)
 1.13 
(1.22)
 2.85 
AADEX  0.58  0.07  0.07  0.17  0.47 
(0.67)
 1.41 
(1.07)
 3.60 
MISAX  0.64  0.18  0.11 (1.86) 0.59 
(0.74)
 1.25 
(1.34)
 3.62 
FBLAX  0.26  0.11  0.10  2.88  0.00 
(0.32)
 0.71 
(0.39)
 1.34 
TVIIX  0.52  0.03  0.00  0.13  0.56 
(0.58)
 1.04 
(1.08)
 2.90 
PNSAX  1.12  0.05 (0.02) 0.45  1.34 
(1.26)
 2.22 
(2.54)
 5.43 
CSRIX  0.61  0.02 (0.03) 0.12  0.81 
(0.58)
 1.37 
(1.26)
 3.72 
TSWIX  0.69  0.21  0.25  0.41  0.32 
(0.86)
 1.77 
(1.13)
 5.33 
CRANX  0.11  0.01 (0.52) 0.42  0.00 
(0.17)
 0.21 
(0.21)
 0.52 

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