Baron Focused Correlations

Mutual Funds . USA . 
Fund . Baron Focused Growth
BFGIX Fund  USD 47.74  0.62  1.32%   
The current 90-days correlation between Baron Focused Growth and Baron Partners Fund is 0.84 (i.e., Very poor diversification). The correlation of Baron Focused 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 Focused Correlation With Market

Poor diversification

The correlation between Baron Focused Growth and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Focused Growth 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 Focused Growth. 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

  0.82BREIX Baron Real EstatePairCorr
  0.81BREFX Baron Real EstatePairCorr
  0.87BRIIX Baron Real EstatePairCorr
  0.9BSCFX Baron Small CapPairCorr
  0.91BARAX Baron Asset FundPairCorr
  0.9BSFIX Baron Small CapPairCorr
  0.89BARIX Baron Asset FundPairCorr
  0.96BTEEX Baron Select FundsPairCorr
  0.96BTECX Baron Select FundsPairCorr
  0.96BTEUX Baron Select FundsPairCorr
  0.86BDAIX Baron Durable AdvantagePairCorr
  0.84BDAFX Baron Durable AdvantagePairCorr
  0.95BDFIX Baron DiscoveryPairCorr
  0.95BDFFX Baron DiscoveryPairCorr
  0.95BWBIX Baron WealthbuilderPairCorr
  0.95BWBFX Baron WealthbuilderPairCorr
  1.0BFGFX Baron Focused GrowthPairCorr
  0.94BFINX Baron FintechPairCorr
  0.94BFTHX Baron Fifth AvenuePairCorr
  0.94BFTIX Baron Fifth AvenuePairCorr
  0.93BGAIX Baron Global AdvantagePairCorr
  0.89BGAFX Baron Global AdvantagePairCorr
  0.71BGRIX Baron GrowthPairCorr
  0.71BGRFX Baron GrowthPairCorr
  0.95BIOPX Baron OpportunityPairCorr
  0.94BIOIX Baron OpportunityPairCorr
  0.91BPTRX Baron PartnersPairCorr
  0.94BPTIX Baron PartnersPairCorr
  0.87PAMCX T Rowe PricePairCorr
  0.82RRMGX T Rowe PricePairCorr

Moving against Baron Mutual Fund

  0.61BHCHX Baron Health CarePairCorr
  0.6BHCFX Baron Health CarePairCorr

Related Correlations Analysis

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 Focused 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 Focused'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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