Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTHX Fund  USD 57.89  1.12  1.97%   
The current 90-days correlation between Baron Fifth Avenue and Vulcan Value Partners is 0.58 (i.e., Very weak diversification). The correlation of Baron Fifth 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 Fifth Correlation With Market

Good diversification

The correlation between Baron Fifth Avenue and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fifth Avenue 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 Fifth Avenue. 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 rate.

Moving together with Baron Mutual Fund

  0.8BREIX Baron Real EstatePairCorr
  0.79BREFX Baron Real EstatePairCorr
  0.86BRIIX Baron Real EstatePairCorr
  0.88BSCFX Baron Small CapPairCorr
  0.86BARAX Baron Asset FundPairCorr
  0.88BSFIX Baron Small CapPairCorr
  0.89BARIX Baron Asset FundPairCorr
  0.99BTEEX Baron Select FundsPairCorr
  0.97BTECX Baron Select FundsPairCorr
  1.0BTEUX Baron Select FundsPairCorr
  0.83BDAIX Baron Durable AdvantagePairCorr
  0.94BDFIX Baron DiscoveryPairCorr
  0.94BDFFX Baron DiscoveryPairCorr
  0.95BWBIX Baron WealthbuilderPairCorr
  0.94BFGIX Baron Focused GrowthPairCorr
  0.94BFGFX Baron Focused GrowthPairCorr
  0.96BFINX Baron FintechPairCorr
  1.0BFTIX Baron Fifth AvenuePairCorr
  0.95BGAIX Baron Global AdvantagePairCorr
  0.98BGAFX Baron Global AdvantagePairCorr
  0.66BGRIX Baron GrowthPairCorr
  0.65BGRFX Baron GrowthPairCorr
  0.96BIOPX Baron OpportunityPairCorr
  0.99BIOIX Baron OpportunityPairCorr
  0.82BPTRX Baron PartnersPairCorr
  0.8BPTIX Baron PartnersPairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.94GFAFX Growth FundPairCorr
  0.94AGTHX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.6BHCHX Baron Health CarePairCorr

Related Correlations Analysis

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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   
BIOPX
+ 0.96
LCCAX
BGAFX
+ 0.91
BIOPX
BGAFX
+ 0.9
LCCAX
CGAEX
+ 0.56
VVPSX
  
High negative correlations   
BIOPX
- 0.49
VVPSX
BGAFX
- 0.38
VVPSX
LCCAX
- 0.32
VVPSX
BGAFX
- 0.16
CGAEX
BIOPX
- 0.15
CGAEX
CGAEX
- 0.03
LCCAX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fifth 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 Fifth'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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