Baron Opportunity Correlations
BIOPX Fund | USD 48.98 0.05 0.10% |
The current 90-days correlation between Baron Opportunity and Baron Partners Fund is 0.61 (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
Weak diversification
The correlation between Baron Opportunity Fund and DJI is 0.32 (i.e., 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
0.75 | BTEEX | Baron Select Funds | PairCorr |
0.75 | BTECX | Baron Select Funds | PairCorr |
0.86 | BDAIX | Baron Durable Advantage | PairCorr |
0.86 | BDAFX | Baron Durable Advantage | PairCorr |
0.83 | BDFIX | Baron Discovery | PairCorr |
0.83 | BDFFX | Baron Discovery | PairCorr |
0.92 | BWBIX | Baron Wealthbuilder | PairCorr |
0.93 | BWBFX | Baron Wealthbuilder | PairCorr |
0.78 | BFGFX | Baron Focused Growth | PairCorr |
0.94 | BFTHX | Baron Fifth Avenue | PairCorr |
0.85 | BFTIX | Baron Fifth Avenue | PairCorr |
0.84 | BGAIX | Baron Global Advantage | PairCorr |
0.84 | BGAFX | Baron Global Advantage | PairCorr |
1.0 | BIOIX | Baron Opportunity | PairCorr |
0.72 | BPTRX | Baron Partners | PairCorr |
0.72 | BPTIX | Baron Partners | PairCorr |
0.93 | AGTHX | Growth Fund | PairCorr |
Moving against Baron Mutual Fund
0.36 | BEXFX | Baron Emerging Markets | PairCorr |
0.31 | BEXIX | Baron Emerging Markets | PairCorr |
0.57 | BCMIX | Brown Capital | PairCorr |
Related Correlations Analysis
0.92 | 0.84 | 0.98 | -0.51 | BPTRX | ||
0.92 | 0.96 | 0.96 | -0.3 | BGAFX | ||
0.84 | 0.96 | 0.9 | -0.09 | BFTHX | ||
0.98 | 0.96 | 0.9 | -0.42 | BFGFX | ||
-0.51 | -0.3 | -0.09 | -0.42 | BSCFX | ||
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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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
BPTRX | 1.81 | 0.49 | 0.24 | 2.22 | 1.46 | 4.64 | 15.67 | |||
BGAFX | 1.01 | 0.20 | 0.10 | 0.94 | 1.15 | 2.40 | 9.28 | |||
BFTHX | 1.16 | 0.19 | 0.10 | 0.54 | 1.32 | 2.52 | 7.03 | |||
BFGFX | 0.84 | 0.26 | 0.21 | 1.19 | 0.66 | 2.25 | 10.17 | |||
BSCFX | 1.05 | (0.20) | 0.00 | (0.10) | 0.00 | 1.66 | 17.87 |