Baron International Correlations

BIGFX Fund

USD 26.64 0.15 0.57%

The current 90-days correlation between Baron International and Baron Emerging Markets is -0.2 (i.e., Good diversification). The correlation of Baron International 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 International Correlation With Market

Very weak diversification

The correlation between Baron International Growth and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron International Growth 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 International Growth. 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

0.87	BEXIX	Baron Emerging Markets	Pair Corr
0.8	BEXFX	Baron Emerging Markets	Pair Corr
0.93	BINIX	Baron International	Pair Corr
0.86	RERFX	Europacific Growth	Pair Corr

Moving against Baron Mutual Fund

0.37	BPTIX	Baron Partners	Pair Corr
0.36	BPTRX	Baron Partners	Pair Corr

Related Correlations Analysis

	BEXFX	BFTHX	BDFFX	BREFX	BFGFX
BEXFX		0.21	0.14	0.54	0.17	BEXFX
BFTHX	0.21		0.94	0.79	0.94	BFTHX
BDFFX	0.14	0.94		0.79	0.95	BDFFX
BREFX	0.54	0.79	0.79		0.81	BREFX
BFGFX	0.17	0.94	0.95	0.81		BFGFX
	BEXFX	BFTHX	BDFFX	BREFX	BFGFX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron International 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 International'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
BEXFX	0.74	(0.01)	0.00	0.19	0.00	0.00	1.67	(1.81)	4.94
BFTHX	0.93	0.21	0.05	(1.62)	1.21	(0.96)	1.97	(2.40)	5.34
BDFFX	0.86	0.08	0.09	0.18	0.93	(0.92)	1.83	(1.82)	6.23
BREFX	0.79	0.06	0.02	0.21	0.72	(0.91)	1.65	(1.58)	4.83
BFGFX	0.69	0.14	0.16	0.26	0.48	(0.83)	1.88	(1.41)	4.96

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