Baron Focused Correlations

BFGUX Fund

USD 51.77 0.82 1.61%

The current 90-days correlation between Baron Focused Growth and Baron Focused Growth is 1.0 (i.e., No risk reduction). 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

Average diversification

The correlation between Baron Focused Growth and DJI is 0.18 (i.e., Average 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 employment.

Moving together with Baron Mutual Fund

0.72	BDFUX	Baron Discovery	Pair Corr
0.92	BWBTX	Baron Wealthbuilder	Pair Corr
0.88	BFTUX	Baron Fifth Avenue	Pair Corr
0.96	BGLUX	Baron Global Advantage	Pair Corr
0.79	BIOUX	Baron Opportunity	Pair Corr
0.95	BPTUX	Baron Partners	Pair Corr
0.83	TSDCX	Touchstone Ultra Short	Pair Corr
0.88	CSQIX	Credit Suisse Multia	Pair Corr
0.91	HGOAX	Hartford Growth	Pair Corr
0.91	DFFLX	Doubleline Flexible	Pair Corr
0.64	TINRX	Tiaa Cref Equity	Pair Corr
0.66	SJCRX	Steward Large Cap	Pair Corr
0.73	VFINX	Vanguard 500 Index	Pair Corr

Moving against Baron Mutual Fund

0.68	BEXUX	Baron Emerging Markets	Pair Corr
0.56	BHCUX	Baron Health Care	Pair Corr
0.53	RRMGX	T Rowe Price	Pair Corr
0.51	BARUX	Baron Asset Fund	Pair Corr
0.51	PAMCX	T Rowe Price	Pair Corr
0.41	BSCUX	Baron Small Cap	Pair Corr
0.76	PFHCX	Pacific Funds Small	Pair Corr
0.56	NHS	Neuberger Berman High	Pair Corr
0.49	TRQZX	T Rowe Price	Pair Corr
0.49	RPMGX	T Rowe Price	Pair Corr

Related Correlations Analysis

	BFGFX	BFGIX	BPTIX	BPTUX	BIOUX
BFGFX		1.0	0.97	0.95	0.79	BFGFX
BFGIX	1.0		0.97	0.95	0.79	BFGIX
BPTIX	0.97	0.97		0.97	0.74	BPTIX
BPTUX	0.95	0.95	0.97		0.67	BPTUX
BIOUX	0.79	0.79	0.74	0.67		BIOUX
	BFGFX	BFGIX	BPTIX	BPTUX	BIOUX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BFGFX	0.83	0.25	0.18	0.98	0.67	(1.00)	1.88	(1.20)	10.17
BFGIX	0.83	0.25	0.18	0.98	0.67	(1.00)	1.89	(1.18)	10.18
BPTIX	1.71	0.39	0.18	1.20	1.49	(2.10)	4.19	(2.86)	15.67
BPTUX	1.81	0.53	0.23	(1.59)	1.46	(2.27)	4.63	(2.86)	15.67
BIOUX	1.12	0.07	0.02	0.20	1.55	(1.13)	2.82	(2.76)	7.87

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