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.
  
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 american community survey.

Moving together with Baron Mutual Fund

  0.75BTEEX Baron Select FundsPairCorr
  0.75BTECX Baron Select FundsPairCorr
  0.86BDAIX Baron Durable AdvantagePairCorr
  0.86BDAFX Baron Durable AdvantagePairCorr
  0.83BDFIX Baron DiscoveryPairCorr
  0.83BDFFX Baron DiscoveryPairCorr
  0.92BWBIX Baron WealthbuilderPairCorr
  0.93BWBFX Baron WealthbuilderPairCorr
  0.78BFGFX Baron Focused GrowthPairCorr
  0.94BFTHX Baron Fifth AvenuePairCorr
  0.85BFTIX Baron Fifth AvenuePairCorr
  0.84BGAIX Baron Global AdvantagePairCorr
  0.84BGAFX Baron Global AdvantagePairCorr
  1.0BIOIX Baron OpportunityPairCorr
  0.72BPTRX Baron PartnersPairCorr
  0.72BPTIX Baron PartnersPairCorr
  0.93AGTHX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.36BEXFX Baron Emerging MarketsPairCorr
  0.31BEXIX Baron Emerging MarketsPairCorr
  0.57BCMIX Brown CapitalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
BFGFXBPTRX
BFTHXBGAFX
BFGFXBGAFX
BGAFXBPTRX
BFGFXBFTHX
BFTHXBPTRX
  
High negative correlations   
BSCFXBPTRX
BSCFXBFGFX
BSCFXBGAFX
BSCFXBFTHX

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.