Baron New Correlations

Mutual Funds . USA . 
Fund . Baron New Asia
BNAIX Fund  USD 9.22  0.00  0.00%   
The current 90-days correlation between Baron New Asia and Baron Real Estate is 0.21 (i.e., Modest diversification). The correlation of Baron New 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 New Correlation With Market

Modest diversification

The correlation between Baron New Asia and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron New Asia and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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

  0.68BEXIX Baron Emerging MarketsPairCorr
  0.68BEXFX Baron Emerging MarketsPairCorr
  1.0BNAUX Baron New AsiaPairCorr
  0.99BNAFX Baron New AsiaPairCorr
  0.63MAPTX Matthews Pacific TigerPairCorr

Moving against Baron Mutual Fund

  0.59FMFFX Fs Managed FuturesPairCorr
  0.44FSMMX Fs Multi StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron New 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 New'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BREIX  0.77  0.09  0.05  0.27  0.69 
(0.90)
 1.65 
(1.58)
 4.15 
BREFX  0.77  0.09  0.05  0.27  0.69 
(0.87)
 1.65 
(1.58)
 4.13 
BRIIX  0.65  0.12  0.05  0.44  0.55 
(0.77)
 1.25 
(1.25)
 3.84 
BSCFX  0.83  0.00  0.04  0.13  0.88 
(0.91)
 1.65 
(1.46)
 6.95 
BARAX  0.59  0.02  0.01  0.16  0.66 
(0.62)
 1.23 
(1.16)
 4.40 
BSFIX  0.83  0.00  0.04  0.13  0.90 
(0.91)
 1.63 
(1.46)
 6.92 
BARIX  0.59  0.03  0.01  0.16  0.66 
(0.61)
 1.24 
(1.16)
 4.41 
BTEEX  0.93  0.14  0.09  0.26  1.19 
(1.03)
 2.42 
(2.64)
 6.35 
BTECX  0.93  0.15  0.10  0.26  1.20 
(1.03)
 2.45 
(2.62)
 6.38 
BTEUX  0.94  0.14  0.10  0.26  1.24 
(1.04)
 2.40 
(2.70)
 6.31 

Baron New Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baron New mutual fund to make a market-neutral strategy. Peer analysis of Baron New could also be used in its relative valuation, which is a method of valuing Baron New by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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