Baron India Correlations

BINUX Fund

8.57 0.09 1.06%

The current 90-days correlation between Baron India R6 and Ab International Growth is 0.04 (i.e., Significant diversification). The correlation of Baron India 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 India Correlation With Market

Excellent diversification

The correlation between Baron India R6 and DJI is -0.59 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron India R6 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 India R6. 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 persons.

Moving together with Baron Mutual Fund

0.74

INDAX

Alpskotak India Growth

Pair Corr

Moving against Baron Mutual Fund

0.71	RSNRX	Victory Global Natural	Pair Corr
0.69	RSNYX	Victory Global Natural	Pair Corr
0.65	ECGIX	Eaton Vance Greater	Pair Corr
0.61	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.59	ETGIX	Eaton Vance Greater	Pair Corr
0.55	WAINX	Wasatch Emerging India	Pair Corr
0.54	WIINX	Wasatch Emerging India	Pair Corr
0.53	SMPIX	Semiconductor Ultrasector	Pair Corr
0.52	SMPSX	Semiconductor Ultrasector	Pair Corr
0.46	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.46	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.46	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.36	EGIIX	Eaton Vance Greater	Pair Corr
0.89	RAPZX	Cohen Steers Real	Pair Corr
0.87	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.85	SWPRX	Schwab Target 2060	Pair Corr
0.85	HAHAX	Hartford High	Pair Corr
0.84	OBMCX	Oberweis Micro Cap	Pair Corr
0.82	IXISX	Voya Index Solution	Pair Corr
0.8	BRMPX	Blackrock Moderate	Pair Corr
0.75	FFARX	Franklin Founding Funds	Pair Corr
0.69	RGNCX	Victory Global Natural	Pair Corr
0.69	TNURX	1290 Unconstrained Bond	Pair Corr
0.65	QLSCX	Federated Mdt Small	Pair Corr
0.63	AGVRX	Invesco Government	Pair Corr
0.59	PPIPX	T Rowe Price	Pair Corr
0.57	GEQZX	Equity Index Investor	Pair Corr
0.57	VINIX	Vanguard Institutional	Pair Corr
0.56	BRLVX	American Beacon Bridgeway	Pair Corr
0.46	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.89	TIGIX	Timothy Plan Growth	Pair Corr
0.87	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.87	CRSOX	Credit Suisse Modity	Pair Corr
0.84	SWMRX	Schwab Target 2045	Pair Corr

Related Correlations Analysis

	CIPMX	AUERX	NEAIX	PLAAX	CDGCX	GETFX	AWPIX
CIPMX		0.92	0.74	0.96	0.86	0.83	0.75	CIPMX
AUERX	0.92		0.75	0.88	0.84	0.91	0.71	AUERX
NEAIX	0.74	0.75		0.7	0.88	0.81	0.94	NEAIX
PLAAX	0.96	0.88	0.7		0.83	0.79	0.74	PLAAX
CDGCX	0.86	0.84	0.88	0.83		0.8	0.89	CDGCX
GETFX	0.83	0.91	0.81	0.79	0.8		0.75	GETFX
AWPIX	0.75	0.71	0.94	0.74	0.89	0.75		AWPIX
	CIPMX	AUERX	NEAIX	PLAAX	CDGCX	GETFX	AWPIX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron India 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 India'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
CIPMX	1.02	0.28	0.30	0.69	0.38	(1.39)	1.68	(1.22)	23.97
AUERX	0.87	0.35	0.37	0.83	0.23	(1.16)	1.77	(1.38)	12.63
NEAIX	1.10	0.09	0.07	0.13	1.36	(1.13)	2.18	(2.76)	5.60
PLAAX	1.26	0.52	0.35	(1.12)	0.58	(1.49)	1.46	(1.92)	37.01
CDGCX	0.51	0.07	0.06	0.19	0.44	(0.61)	1.01	(0.96)	6.40
GETFX	0.57	0.14	0.19	0.24	0.28	(0.69)	1.01	(1.06)	10.15
AWPIX	0.61	0.04	0.02	0.11	0.67	(0.64)	1.29	(1.26)	2.73

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