Baron New Correlations

BNAUX Fund

USD 9.23 0.00 0.00%

The current 90-days correlation between Baron New Asia and Baron Real Estate is -0.06 (i.e., Good 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

Significant diversification

The correlation between Baron New Asia and DJI is 0.06 (i.e., Significant 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 employment.

Moving together with Baron Mutual Fund

0.66	BEXIX	Baron Emerging Markets	Pair Corr
0.66	BEXFX	Baron Emerging Markets	Pair Corr
1.0	BNAIX	Baron New Asia	Pair Corr
0.99	BNAFX	Baron New Asia	Pair Corr

Moving against Baron Mutual Fund

0.51	PPROX	Putnam Panagora Risk	Pair Corr
0.33	BPTRX	Baron Partners	Pair Corr
0.33	BPTIX	Baron Partners	Pair Corr

Related Correlations Analysis

	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX	BTEEX	BTECX	BTEUX
BREIX		1.0	0.94	0.91	0.9	0.91	0.9	0.86	0.86	0.86	BREIX
BREFX	1.0		0.93	0.91	0.9	0.91	0.9	0.85	0.86	0.86	BREFX
BRIIX	0.94	0.93		0.87	0.9	0.87	0.9	0.9	0.9	0.9	BRIIX
BSCFX	0.91	0.91	0.87		0.96	1.0	0.96	0.92	0.92	0.92	BSCFX
BARAX	0.9	0.9	0.9	0.96		0.96	1.0	0.92	0.92	0.92	BARAX
BSFIX	0.91	0.91	0.87	1.0	0.96		0.96	0.92	0.92	0.92	BSFIX
BARIX	0.9	0.9	0.9	0.96	1.0	0.96		0.92	0.92	0.92	BARIX
BTEEX	0.86	0.85	0.9	0.92	0.92	0.92	0.92		1.0	1.0	BTEEX
BTECX	0.86	0.86	0.9	0.92	0.92	0.92	0.92	1.0		1.0	BTECX
BTEUX	0.86	0.86	0.9	0.92	0.92	0.92	0.92	1.0	1.0		BTEUX
	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX	BTEEX	BTECX	BTEUX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BREIX	0.79	0.06	0.02	0.21	0.72	(0.94)	1.65	(1.58)	4.15
BREFX	0.79	0.06	0.02	0.21	0.72	(0.91)	1.65	(1.58)	4.13
BRIIX	0.64	0.10	0.04	0.37	0.58	(0.76)	1.25	(1.25)	3.84
BSCFX	0.82	0.02	0.05	0.13	0.88	(0.91)	1.65	(1.46)	6.95
BARAX	0.60	0.03	0.01	0.15	0.69	(0.62)	1.23	(1.16)	4.40
BSFIX	0.82	0.02	0.05	0.13	0.90	(0.91)	1.63	(1.46)	6.92
BARIX	0.60	0.03	0.01	0.15	0.68	(0.62)	1.24	(1.16)	4.41
BTEEX	0.95	0.10	0.07	0.21	1.33	(1.03)	2.42	(2.64)	6.35
BTECX	0.96	0.10	0.07	0.22	1.28	(1.03)	2.45	(2.62)	6.38
BTEUX	0.97	0.10	0.07	0.21	1.34	(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.

Baron Real Estate Baron Real Estate Baron Real Estate Baron Small Cap Baron Asset Fund Baron Small Cap Baron Asset Fund Baron Select Funds Baron Select Funds Baron Select Funds American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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