Baron Global Correlations

Mutual Funds USA . 
Fund . Baron Global Advantage
BGAFX Fund  USD 38.57  0.31  0.81%   
The current 90-days correlation between Baron Global Advantage and Baron Opportunity Fund is 0.02 (i.e., Significant diversification). The correlation of Baron Global 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 Global Correlation With Market

Significant diversification

The correlation between Baron Global Advantage 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 Global Advantage 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 Global Advantage. 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 census.

Moving together with Baron Mutual Fund

  0.78BREIX Baron Real EstatePairCorr
  0.78BREFX Baron Real EstatePairCorr
  0.81BRIIX Baron Real EstatePairCorr
  0.88BSCFX Baron Small CapPairCorr
  0.84BARAX Baron Asset FundPairCorr
  0.88BSFIX Baron Small CapPairCorr
  0.84BARIX Baron Asset FundPairCorr
  0.93BTEEX Baron Select FundsPairCorr
  0.93BTECX Baron Select FundsPairCorr
  0.93BTEUX Baron Select FundsPairCorr
  0.83BDAIX Baron Durable AdvantagePairCorr
  0.83BDAFX Baron Durable AdvantagePairCorr
  0.92BDFIX Baron DiscoveryPairCorr
  0.92BDFFX Baron DiscoveryPairCorr
  0.9BWBIX Baron WealthbuilderPairCorr
  0.9BWBFX Baron WealthbuilderPairCorr
  0.91BFGIX Baron Focused GrowthPairCorr
  0.91BFGFX Baron Focused GrowthPairCorr
  0.93BFINX Baron FintechPairCorr
  0.93BFIIX Baron FintechPairCorr
  0.98BFTHX Baron Fifth AvenuePairCorr
  0.98BFTIX Baron Fifth AvenuePairCorr
  0.96BGAIX Baron Global AdvantagePairCorr
  0.7BGRIX Baron GrowthPairCorr
  0.7BGRFX Baron GrowthPairCorr
  0.92BIOPX Baron OpportunityPairCorr
  0.92BIOIX Baron OpportunityPairCorr
  0.78BPTRX Baron PartnersPairCorr
  0.78BPTIX Baron PartnersPairCorr
  0.65FNFPX American Funds NewPairCorr

Moving against Baron Mutual Fund

  0.57BHCHX Baron Health CarePairCorr
  0.57BHCFX Baron Health CarePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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