Baron Fintech Correlations

BFIUX Fund

USD 18.66 0.02 0.11%

The current 90-days correlation between Baron Fintech and Siit High Yield is 0.03 (i.e., Significant 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

Significant diversification

The correlation between Baron Fintech and DJI is 0.03 (i.e., Significant 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 employment.

Moving together with Baron Mutual Fund

0.74	WEBB	Web Global Holdings	Pair Corr
0.72	WELX	Winland Holdings	Pair Corr
0.7	WGNR	Wegener	Pair Corr
0.62	CETXP	Cemtrex Pref	Pair Corr
0.66	ENV	Envestnet	Pair Corr
0.61	ITI	Iteris Inc	Pair Corr

Moving against Baron Mutual Fund

0.7	EVOL	Evolving Systems	Pair Corr
0.63	XELAP	Exela Technologies	Pair Corr
0.62	DLPX	Delphax Technologies	Pair Corr
0.61	DZSI	DZS Inc	Pair Corr
0.55	SBIGW	SpringBig Holdings	Pair Corr
0.52	ELCO	Elcom International	Pair Corr
0.43	VEEA	Veea Inc Symbol Change	Pair Corr
0.37	VVPR	VivoPower International Tech Boost	Pair Corr
0.36	DMAN	Innovativ Media Group	Pair Corr
0.32	EACO	Eaco Corp	Pair Corr
0.31	VHAI	VHAI	Pair Corr
0.8	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.78	VLD	Velo3D Inc	Pair Corr
0.75	ZPTAW	Zapata Computing Holdings	Pair Corr
0.68	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.57	XELA	Exela Technologies Tech Boost	Pair Corr
0.54	IQST	Iqstel Inc	Pair Corr
0.4	SURGW	SurgePays Warrant	Pair Corr
0.31	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	SGYAX	WAHSX	AAARX	PHDTX	QLMABX	APDFX
SGYAX		0.88	0.75	0.91	0.82	0.95	SGYAX
WAHSX	0.88		0.81	0.94	0.77	0.96	WAHSX
AAARX	0.75	0.81		0.91	0.92	0.84	AAARX
PHDTX	0.91	0.94	0.91		0.91	0.96	PHDTX
QLMABX	0.82	0.77	0.92	0.91		0.85	QLMABX
APDFX	0.95	0.96	0.84	0.96	0.85		APDFX
	SGYAX	WAHSX	AAARX	PHDTX	QLMABX	APDFX

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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
SGYAX	0.14	0.04	(0.54)	(0.65)	0.00	(0.25)	0.28	(0.14)	1.28
WAHSX	0.13	0.02	(0.54)	0.58	0.00	(0.24)	0.43	(0.14)	0.86
AAARX	0.43	(0.01)	(0.09)	0.11	0.44	(0.51)	0.93	(0.70)	2.37
PHDTX	0.09	0.02	(0.67)	0.41	0.00	(0.15)	0.23	(0.11)	0.56
QLMABX	0.48	0.07	(0.08)	7.66	0.58	(0.50)	0.95	(1.07)	3.04
APDFX	0.11	0.03	(0.60)	0.56	0.00	(0.18)	0.33	(0.22)	0.90

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