Baron Opportunity Correlations

BIOUX Fund

USD 51.54 0.12 0.23%

The current 90-days correlation between Baron Opportunity and Baron Real Estate is 0.42 (i.e., Very weak 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 employment.

Moving together with Baron Mutual Fund

0.87	BREUX	Baron Real Estate	Pair Corr
0.91	BRIUX	Baron Real Estate	Pair Corr
0.89	BRIFX	Baron Real Estate	Pair Corr
0.93	BSCUX	Baron Small Cap	Pair Corr
0.93	BARUX	Baron Asset Fund	Pair Corr
0.94	BDAUX	Baron Durable Advantage	Pair Corr
0.96	BDFUX	Baron Discovery	Pair Corr
0.97	BWBTX	Baron Wealthbuilder	Pair Corr
0.95	BFGUX	Baron Focused Growth	Pair Corr
0.96	BFIUX	Baron Fintech	Pair Corr
0.99	BFTUX	Baron Fifth Avenue	Pair Corr
0.96	BGLUX	Baron Global Advantage	Pair Corr
0.74	BGRUX	Baron Growth	Pair Corr
0.84	BPTUX	Baron Partners	Pair Corr
0.94	FAFGX	American Funds	Pair Corr
0.94	FFAFX	American Funds	Pair Corr
0.94	GFACX	Growth Fund	Pair Corr
0.98	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.98	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.98	CGFEX	Growth Fund	Pair Corr
0.98	RGAEX	Growth Fund	Pair Corr
0.98	AULYX	Ultra Fund Y	Pair Corr
0.91	SSIAX	1919 Socially Responsive	Pair Corr

Moving against Baron Mutual Fund

0.53	BHCUX	Baron Health Care	Pair Corr
0.76	GPBFX	Gmo E Plus	Pair Corr
0.66	GAAGX	Gmo Alternative Allo	Pair Corr
0.65	GAAKX	Gmo Alternative Allo	Pair Corr
0.56	GPMFX	Guidepath Managed Futures	Pair Corr
0.39	PQTNX	Pimco Trends Managed	Pair Corr
0.37	PQTAX	Pimco Trends Managed	Pair Corr
0.36	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDFUX	BWBTX	BEXUX	BFGUX
BREUX		0.94	0.89	0.91	0.9	0.81	0.89	0.51	0.82	BREUX
BRIUX	0.94		0.96	0.87	0.9	0.85	0.91	0.25	0.88	BRIUX
BRIFX	0.89	0.96		0.84	0.86	0.82	0.88	0.25	0.87	BRIFX
BSCUX	0.91	0.87	0.84		0.96	0.94	0.97	0.35	0.91	BSCUX
BARUX	0.9	0.9	0.86	0.96		0.93	0.97	0.27	0.92	BARUX
BDFUX	0.81	0.85	0.82	0.94	0.93		0.97	0.07	0.96	BDFUX
BWBTX	0.89	0.91	0.88	0.97	0.97	0.97		0.22	0.98	BWBTX
BEXUX	0.51	0.25	0.25	0.35	0.27	0.07	0.22		0.11	BEXUX
BFGUX	0.82	0.88	0.87	0.91	0.92	0.96	0.98	0.11		BFGUX
	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDFUX	BWBTX	BEXUX	BFGUX

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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
BREUX	0.79	0.06	0.02	0.22	0.72	(0.94)	1.65	(1.56)	4.15
BRIUX	0.64	0.10	0.04	0.38	0.56	(0.76)	1.32	(1.29)	3.84
BRIFX	0.65	0.15	0.05	2.24	0.57	(0.80)	1.33	(1.27)	3.83
BSCUX	0.83	0.02	0.05	0.13	0.88	(0.92)	1.66	(1.46)	6.95
BARUX	0.60	0.03	0.01	0.15	0.68	(0.63)	1.24	(1.16)	4.41
BDFUX	0.86	0.08	0.09	0.18	0.93	(0.94)	1.84	(1.82)	6.24
BWBTX	0.68	0.04	0.04	0.16	0.74	(0.71)	1.26	(1.42)	4.61
BEXUX	0.72	(0.06)	0.00	(0.02)	0.00	0.00	1.65	(1.83)	4.83
BFGUX	0.68	0.13	0.15	0.25	0.52	(0.81)	1.89	(1.42)	4.96

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