Baron Growth Correlations

Mutual Funds . USA . 
Fund . Baron Growth Fund
BGRUX Fund  USD 112.43  0.05  0.04%   
The current 90-days correlation between Baron Growth and Pnc Emerging Markets is 0.31 (i.e., Weak diversification). The correlation of Baron Growth 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 Growth Correlation With Market

Significant diversification

The correlation between Baron Growth Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Growth Fund 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 Growth Fund. 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

  0.89BARUX Baron Asset FundPairCorr
  0.83BDAUX Baron Durable AdvantagePairCorr
  0.85BWBTX Baron WealthbuilderPairCorr
  0.74BFTUX Baron Fifth AvenuePairCorr
  0.8PAMCX T Rowe PricePairCorr
  0.8RRMGX T Rowe PricePairCorr
  0.8RPMGX T Rowe PricePairCorr
  0.76PRJIX T Rowe PricePairCorr
  0.69PRNHX T Rowe PricePairCorr
  0.76TRUZX T Rowe PricePairCorr
  0.8PCBIX Midcap Fund InstitutionalPairCorr
  0.86PEMGX Midcap Fund ClassPairCorr
  0.87PMBCX Midcap Fund ClassPairCorr
  0.62KMKCX Kinetics Market OppoPairCorr
  0.64KSCYX Kinetics Small CapPairCorr
  0.62WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.62KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.65KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.67KSOCX Kinetics Small CapPairCorr
  0.62KINCX Kinetics InternetPairCorr
  0.67KSCOX Kinetics Small CapPairCorr
  0.66LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.73VIGAX Vanguard Growth IndexPairCorr
  0.64VTWAX Vanguard Total WorldPairCorr
  0.79VFINX Vanguard 500 IndexPairCorr
  0.72LBHIX Thrivent High YieldPairCorr

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   
APDOX
+ 0.98
FEMDX
SEKRX
+ 0.97
PIEFX
FEMDX
+ 0.75
EGLNX
APDOX
+ 0.74
EGLNX
APDOX
+ 0.63
PIEFX
FEMDX
+ 0.62
PIEFX
  
High negative correlations   
BXECX
- 0.2
EGLNX

Risk-Adjusted Indicators

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