Baron Emerging Correlations

Mutual Funds . USA . 
Fund . Baron Emerging Markets
BEXIX Fund  USD 19.94  0.10  0.50%   
The current 90-days correlation between Baron Emerging Markets and Community Reinvestment Act is -0.06 (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

Very poor diversification

The correlation between Baron Emerging Markets and DJI is 0.82 (i.e., Very 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

  0.64BREIX Baron Real EstatePairCorr
  0.64BREFX Baron Real EstatePairCorr
  0.75BRIIX Baron Real EstatePairCorr
  1.0BEXFX Baron Emerging MarketsPairCorr
  0.99BIGFX Baron InternationalPairCorr
  0.99BINIX Baron InternationalPairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr

Moving against Baron Mutual Fund

  0.68BFTIX Baron Fifth AvenuePairCorr
  0.47BDFFX Baron DiscoveryPairCorr
  0.46BTEEX Baron Select FundsPairCorr
  0.46BDFIX Baron DiscoveryPairCorr
  0.45BARAX Baron Asset FundPairCorr
  0.45BTECX Baron Select FundsPairCorr
  0.45BTEUX Baron Select FundsPairCorr
  0.43BFTHX Baron Fifth AvenuePairCorr
  0.62BHCHX Baron Health CarePairCorr
  0.62BHCFX Baron Health CarePairCorr
  0.62BIOIX Baron OpportunityPairCorr
  0.61BIOPX Baron OpportunityPairCorr
  0.57IIF Morgan Stanley IndiaPairCorr
  0.55BINDX Baron India InstitutionalPairCorr
  0.55BINUX Baron India R6PairCorr
  0.54BINRX Baron India RetailPairCorr

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
BEXFX  0.80  0.05  0.03  0.09  1.13 
(0.89)
 1.48 
(1.41)
 7.67 
DEMSX  0.55  0.04  0.02  0.14  0.88 
(0.57)
 1.13 
(1.26)
 5.39 
AADEX  0.56  0.06  0.07  0.10  0.59 
(0.62)
 1.36 
(1.30)
 3.34 
MISAX  0.64  0.16  0.13  0.24  0.89 
(0.70)
 1.21 
(1.28)
 6.32 
FBLAX  0.24  0.08  0.18  0.38  0.00 
(0.29)
 0.55 
(0.39)
 1.27 
TVIIX  0.49  0.03  0.03  0.08  0.58 
(0.54)
 0.82 
(1.08)
 3.80 
PNSAX  1.00  0.03  0.03  0.06  1.16 
(1.08)
 2.13 
(2.32)
 7.04 
CSRIX  0.61  0.09  0.07  0.33  0.83 
(0.60)
 1.40 
(1.26)
 3.94 
TSWIX  0.64  0.16  0.14  0.31  0.75 
(0.73)
 1.42 
(1.13)
 7.05 
CRANX  0.12  0.01 (0.17)(0.59) 0.00 
(0.19)
 0.21 
(0.21)
 0.72 

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