Baron Opportunity Correlations
| BIOIX Fund | USD 52.45 0.01 0.02% |
The current 90-days correlation between Baron Opportunity and Baron Partners Fund is 0.07 (i.e., Significant diversification). The correlation of Baron Opportunity 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 Opportunity Correlation With Market
Very weak diversification
The correlation between Baron Opportunity Fund 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 Opportunity Fund and DJI in the same portfolio, assuming nothing else is changed.
Baron |
Moving together with Baron Mutual Fund
| 0.79 | BDAIX | Baron Durable Advantage | PairCorr |
| 0.72 | BIOPX | Baron Opportunity | PairCorr |
| 0.66 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.75 | FLRDX | Franklin Lifesmart | PairCorr |
| 0.66 | VFINX | Vanguard 500 Index | PairCorr |
| 0.61 | DABJX | Dreyfus Yield Enhancement | PairCorr |
| 0.7 | CLIRX | Columbia Capital All | PairCorr |
Related Correlations Analysis
| 0.72 | 0.96 | 0.32 | 0.73 | BPTIX | ||
| 0.72 | 0.76 | 0.48 | 0.74 | BGAIX | ||
| 0.96 | 0.76 | 0.51 | 0.83 | BFGIX | ||
| 0.32 | 0.48 | 0.51 | 0.77 | BDFIX | ||
| 0.73 | 0.74 | 0.83 | 0.77 | BFTIX | ||
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Risk-Adjusted Indicators
There is a big difference between Baron Mutual Fund performing well and Baron Opportunity 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 Opportunity'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BPTIX | 1.74 | 0.52 | 0.26 | 1.46 | 1.42 | 4.19 | 15.67 | |||
| BGAIX | 1.06 | 0.19 | 0.11 | 0.33 | 1.13 | 2.41 | 9.27 | |||
| BFGIX | 0.84 | 0.28 | 0.24 | 0.86 | 0.61 | 1.89 | 10.18 | |||
| BDFIX | 1.00 | 0.17 | 0.12 | 0.36 | 1.02 | 1.90 | 8.45 | |||
| BFTIX | 1.17 | 0.20 | 0.11 | 0.48 | 1.29 | 2.52 | 7.02 |