Baron Fintech Correlations

BFIIX Fund

USD 17.77 0.00 0.00%

The current 90-days correlation between Baron Fintech and Baron Discovery Fund is -0.2 (i.e., Good diversification). The correlation of Baron Fintech 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 Fintech Correlation With Market

Average diversification

The correlation between Baron Fintech and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fintech and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 against Baron Mutual Fund

0.64	BARAX	Baron Asset Fund	Pair Corr
0.6	BFTHX	Baron Fifth Avenue	Pair Corr
0.51	BFGIX	Baron Focused Growth	Pair Corr
0.51	BFGFX	Baron Focused Growth	Pair Corr
0.51	BFTIX	Baron Fifth Avenue	Pair Corr
0.4	BDFIX	Baron Discovery	Pair Corr
0.4	BDFFX	Baron Discovery	Pair Corr
0.38	BARIX	Baron Asset Fund	Pair Corr
0.38	BWBIX	Baron Wealthbuilder	Pair Corr
0.37	BWBFX	Baron Wealthbuilder	Pair Corr
0.34	BGAIX	Baron Global Advantage	Pair Corr
0.7	BIOPX	Baron Opportunity	Pair Corr
0.7	BIOIX	Baron Opportunity	Pair Corr
0.44	VITAX	Vanguard Information	Pair Corr
0.4	BPTRX	Baron Partners	Pair Corr
0.4	BPTIX	Baron Partners	Pair Corr
0.36	BGRIX	Baron Growth Steady Growth	Pair Corr
0.35	BGAFX	Baron Global Advantage	Pair Corr
0.34	BGRFX	Baron Growth Steady Growth	Pair Corr

Related Correlations Analysis

	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX	BDAIX	BDAFX	BDFIX
BREIX		1.0	0.53	0.81	0.19	0.81	0.69	0.29	0.27	0.14	BREIX
BREFX	1.0		0.53	0.82	0.2	0.82	0.7	0.29	0.28	0.15	BREFX
BRIIX	0.53	0.53		0.15	-0.38	0.14	0.13	-0.52	-0.52	-0.56	BRIIX
BSCFX	0.81	0.82	0.15		0.44	1.0	0.95	0.44	0.43	0.32	BSCFX
BARAX	0.19	0.2	-0.38	0.44		0.46	0.58	0.59	0.59	0.78	BARAX
BSFIX	0.81	0.82	0.14	1.0	0.46		0.94	0.46	0.45	0.35	BSFIX
BARIX	0.69	0.7	0.13	0.95	0.58	0.94		0.35	0.33	0.28	BARIX
BDAIX	0.29	0.29	-0.52	0.44	0.59	0.46	0.35		1.0	0.78	BDAIX
BDAFX	0.27	0.28	-0.52	0.43	0.59	0.45	0.33	1.0		0.79	BDAFX
BDFIX	0.14	0.15	-0.56	0.32	0.78	0.35	0.28	0.78	0.79		BDFIX
	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX	BDAIX	BDAFX	BDFIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BREFX	+ 1.0	BREIX
BSFIX	+ 1.0	BSCFX
BDAFX	+ 1.0	BDAIX
BARIX	+ 0.95	BSCFX
BARIX	+ 0.94	BSFIX
BSCFX	+ 0.82	BREFX

High negative correlations

BDFIX	- 0.56	BRIIX
BDAFX	- 0.52	BRIIX
BDAIX	- 0.52	BRIIX
BARAX	- 0.38	BRIIX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fintech 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 Fintech'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
BREIX	0.74	0.09	0.01	(0.54)	0.92	(0.73)	1.59	(1.59)	5.20
BREFX	0.74	0.09	0.01	(0.53)	0.90	(0.75)	1.56	(1.59)	5.19
BRIIX	0.51	0.11	0.04	(0.95)	0.51	(0.61)	1.10	(1.03)	3.15
BSCFX	1.03	0.22	0.11	(0.47)	0.89	(1.21)	2.26	(1.93)	12.61
BARAX	0.68	0.09	(0.01)	(0.24)	0.68	(0.80)	1.37	(1.17)	8.61
BSFIX	1.01	0.21	0.10	(0.46)	0.90	(1.18)	2.25	(1.93)	11.51
BARIX	0.89	0.28	0.22	(0.56)	0.46	(1.13)	1.62	(1.17)	13.40
BDAIX	0.78	0.01	(0.06)	0.00	1.25	(0.66)	1.26	(1.74)	4.78
BDAFX	0.78	0.01	(0.06)	0.01	1.22	(0.67)	1.25	(1.74)	4.80
BDFIX	0.88	0.02	(0.05)	(0.09)	1.04	(0.96)	1.83	(1.89)	5.47

Baron Fintech 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 Fintech mutual fund to make a market-neutral strategy. Peer analysis of Baron Fintech could also be used in its relative valuation, which is a method of valuing Baron Fintech by comparing valuation metrics with similar companies.

Baron Real Estate Baron Real Estate Baron Real Estate Baron Small Cap Baron Asset Fund Baron Small Cap Baron Asset Fund Baron Durable Advantage Baron Durable Advantage Baron Discovery Fund American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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