Baron Opportunity Correlations

Mutual Funds . USA . 
Fund . Baron Opportunity Fund
BIOIX Fund  USD 51.74  0.25  0.49%   
The current 90-days correlation between Baron Opportunity and Baron Partners Fund is 0.6 (i.e., Poor 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

Poor diversification

The correlation between Baron Opportunity Fund and DJI is 0.64 (i.e., Poor 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baron Opportunity 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 gross domestic product.

Moving together with Baron Mutual Fund

  0.87BREIX Baron Real EstatePairCorr
  0.87BREFX Baron Real EstatePairCorr
  0.91BRIIX Baron Real EstatePairCorr
  0.93BSCFX Baron Small CapPairCorr
  0.93BARAX Baron Asset FundPairCorr
  0.93BSFIX Baron Small CapPairCorr
  0.93BARIX Baron Asset FundPairCorr
  1.0BTEEX Baron Select FundsPairCorr
  1.0BTECX Baron Select FundsPairCorr
  1.0BTEUX Baron Select FundsPairCorr
  0.95BDAIX Baron Durable AdvantagePairCorr
  0.95BDFIX Baron DiscoveryPairCorr
  0.95BDFFX Baron DiscoveryPairCorr
  0.97BWBIX Baron WealthbuilderPairCorr
  0.97BWBFX Baron WealthbuilderPairCorr
  0.95BFGIX Baron Focused GrowthPairCorr
  0.95BFGFX Baron Focused GrowthPairCorr
  0.96BFINX Baron FintechPairCorr
  0.96BFTHX Baron Fifth AvenuePairCorr
  0.96BFTIX Baron Fifth AvenuePairCorr
  0.96BGAIX Baron Global AdvantagePairCorr
  0.92BGAFX Baron Global AdvantagePairCorr
  0.73BGRIX Baron GrowthPairCorr
  0.73BGRFX Baron GrowthPairCorr
  1.0BIOPX Baron OpportunityPairCorr
  0.84BPTRX Baron PartnersPairCorr
  0.84BPTIX Baron PartnersPairCorr
  0.94FAFGX American FundsPairCorr
  0.94FFAFX American FundsPairCorr
  0.94GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.53BHCHX Baron Health CarePairCorr

Related Correlations Analysis

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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.

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