Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTIX Fund  USD 53.72  0.38  0.71%   
The current 90-days correlation between Baron Fifth Avenue and Baron Partners Fund is 0.73 (i.e., Poor 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

BaronDowDiversified AwayBaronDowDiversified Away100%

Very weak diversification

The correlation between Baron Fifth Avenue and DJI is 0.57 (i.e., Very weak 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 gross domestic product.

Moving together with Baron Mutual Fund

  0.92BREIX Baron Real EstatePairCorr
  0.92BREFX Baron Real EstatePairCorr
  0.87BSCFX Baron Small CapPairCorr
  0.69BARAX Baron Asset FundPairCorr
  0.88BSFIX Baron Small CapPairCorr
  0.7BARIX Baron Asset FundPairCorr
  0.99BTEEX Baron Select FundsPairCorr
  0.99BTECX Baron Select FundsPairCorr
  0.99BTEUX Baron Select FundsPairCorr
  0.98BDAIX Baron Durable AdvantagePairCorr
  0.98BDAFX Baron Durable AdvantagePairCorr
  0.92BDFIX Baron DiscoveryPairCorr
  0.92BDFFX Baron DiscoveryPairCorr
  0.98BWBIX Baron WealthbuilderPairCorr
  0.98BWBFX Baron WealthbuilderPairCorr
  0.98BFGIX Baron Focused GrowthPairCorr
  0.98BFGFX Baron Focused GrowthPairCorr
  0.86BFINX Baron FintechPairCorr
  1.0BFTHX Baron Fifth AvenuePairCorr
  0.93BGAIX Baron Global AdvantagePairCorr
  0.94BGAFX Baron Global AdvantagePairCorr
  0.72BGRIX Baron GrowthPairCorr
  0.7BGRFX Baron GrowthPairCorr
  0.89BHCHX Baron Health CarePairCorr
  0.89BHCFX Baron Health CarePairCorr
  0.98BIOPX Baron OpportunityPairCorr
  0.99BIOIX Baron OpportunityPairCorr
  0.84BPTRX Baron PartnersPairCorr
  0.84BPTIX Baron PartnersPairCorr
  0.9FAFGX American FundsPairCorr
  0.9FFAFX American FundsPairCorr
  0.88GFACX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.45BEXIX Baron Emerging MarketsPairCorr
  0.45BEXFX Baron Emerging MarketsPairCorr

Related Correlations Analysis

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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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