Baron Fintech Correlations

BFINX Fund

USD 18.49 0.07 0.38%

The current 90-days correlation between Baron Fintech and The Hartford Small is 0.83 (i.e., Very poor 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

Very poor diversification

The correlation between Baron Fintech and DJI is 0.88 (i.e., Very poor 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, which includes a position in Baron Fintech. 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 board of governors.

Moving together with Baron Mutual Fund

0.63	DIDIY	Didi Global ADR	Pair Corr
0.87	WEBB	Web Global Holdings	Pair Corr
0.68	WELX	Winland Holdings Potential Growth	Pair Corr
0.85	WGNR	Wegener	Pair Corr
0.78	CETXP	Cemtrex Pref	Pair Corr
0.71	GVP	GSE Systems	Pair Corr
0.67	ITI	Iteris Inc Sell-off Trend	Pair Corr

Moving against Baron Mutual Fund

0.9	VHAI	VHAI	Pair Corr
0.78	DLPX	Delphax Technologies	Pair Corr
0.76	DZSI	DZS Inc	Pair Corr
0.69	VVPR	VivoPower International Tech Boost	Pair Corr
0.66	ELCO	Elcom International	Pair Corr
0.55	DMAN	Innovativ Media Group	Pair Corr
0.84	EVOL	Evolving Systems	Pair Corr
0.71	XELAP	Exela Technologies Earnings Call Tomorrow	Pair Corr
0.7	SBIGW	SpringBig Holdings	Pair Corr
0.65	XELA	Exela Technologies Earnings Call Tomorrow	Pair Corr
0.51	WRNT	Warrantee American	Pair Corr
0.93	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.91	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.9	ZPTAW	Zapata Computing Holdings	Pair Corr
0.85	VLD	Velo3D Inc	Pair Corr
0.65	SURGW	SurgePays Warrant	Pair Corr
0.38	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	HSCYX	KSCYX	MSSGX	JSCAX	MCSCX	GMSRX	VSCPX	TVOYX
HSCYX		0.87	0.85	0.94	0.98	0.91	0.92	0.97	HSCYX
KSCYX	0.87		0.97	0.79	0.84	0.87	0.93	0.92	KSCYX
MSSGX	0.85	0.97		0.8	0.83	0.89	0.94	0.91	MSSGX
JSCAX	0.94	0.79	0.8		0.95	0.89	0.85	0.95	JSCAX
MCSCX	0.98	0.84	0.83	0.95		0.91	0.9	0.97	MCSCX
GMSRX	0.91	0.87	0.89	0.89	0.91		0.98	0.94	GMSRX
VSCPX	0.92	0.93	0.94	0.85	0.9	0.98		0.95	VSCPX
TVOYX	0.97	0.92	0.91	0.95	0.97	0.94	0.95		TVOYX
	HSCYX	KSCYX	MSSGX	JSCAX	MCSCX	GMSRX	VSCPX	TVOYX

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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
HSCYX	0.89	(0.03)	0.01	0.09	0.99	(0.95)	1.77	(1.57)	6.60
KSCYX	1.24	0.51	0.30	0.58	1.10	(1.46)	3.29	(2.03)	7.01
MSSGX	1.48	0.58	0.31	7.97	1.07	(1.84)	3.46	(2.26)	7.23
JSCAX	0.89	(0.06)	(0.02)	0.07	0.79	(1.09)	1.79	(1.66)	7.62
MCSCX	0.93	(0.05)	0.01	0.09	1.02	(1.07)	2.11	(1.52)	7.55
GMSRX	0.95	0.15	0.05	1.14	0.88	(1.16)	2.12	(1.60)	7.57
VSCPX	0.76	0.17	0.08	1.35	0.67	(0.87)	1.75	(1.25)	5.35
TVOYX	0.79	(0.01)	0.03	0.11	0.66	(0.96)	1.70	(1.42)	6.73

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