Baron Small Correlations

BSFIX Fund

USD 34.97 0.31 0.89%

The current 90-days correlation between Baron Small Cap and Access Flex High is 0.45 (i.e., Very weak diversification). The correlation of Baron Small 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 Small Correlation With Market

Average diversification

The correlation between Baron Small Cap and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Small Cap 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 Small Cap. 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

0.92	BREIX	Baron Real Estate	Pair Corr
0.92	BREFX	Baron Real Estate	Pair Corr
0.86	BRIIX	Baron Real Estate	Pair Corr
0.96	BSCFX	Baron Small Cap	Pair Corr
0.95	BARAX	Baron Asset Fund	Pair Corr
0.98	BARIX	Baron Asset Fund	Pair Corr
0.95	BGRIX	Baron Growth	Pair Corr
0.95	BGRFX	Baron Growth	Pair Corr
0.77	BHCHX	Baron Health Care	Pair Corr
0.75	BHCFX	Baron Health Care	Pair Corr
0.89	VEXPX	Vanguard Explorer	Pair Corr

Moving against Baron Mutual Fund

0.36	BFGIX	Baron Focused Growth	Pair Corr
0.36	BFGFX	Baron Focused Growth	Pair Corr
0.33	BTEEX	Baron Select Funds	Pair Corr
0.33	BTECX	Baron Select Funds	Pair Corr
0.33	BTEUX	Baron Select Funds	Pair Corr
0.52	PQTAX	Pimco Trends Managed	Pair Corr
0.52	PQTNX	Pimco Trends Managed	Pair Corr
0.45	BPTIX	Baron Partners	Pair Corr
0.44	BPTRX	Baron Partners	Pair Corr
0.43	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	FYAIX	XHIEX	SGYAX	PHYZX	ABRUX	MFHVX	PHDTX
FYAIX		0.48	0.74	0.8	0.66	0.77	0.7	FYAIX
XHIEX	0.48		0.51	0.48	0.8	0.68	0.67	XHIEX
SGYAX	0.74	0.51		0.88	0.63	0.91	0.82	SGYAX
PHYZX	0.8	0.48	0.88		0.63	0.87	0.85	PHYZX
ABRUX	0.66	0.8	0.63	0.63		0.74	0.75	ABRUX
MFHVX	0.77	0.68	0.91	0.87	0.74		0.84	MFHVX
PHDTX	0.7	0.67	0.82	0.85	0.75	0.84		PHDTX
	FYAIX	XHIEX	SGYAX	PHYZX	ABRUX	MFHVX	PHDTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Small 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 Small'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
FYAIX	0.19	0.00	(0.21)	0.11	0.24	(0.20)	0.30	(0.37)	1.44
XHIEX	0.13	0.01	(0.15)	0.21	0.08	(0.38)	0.32	(0.32)	2.41
SGYAX	0.15	0.02	(0.24)	0.87	0.00	(0.25)	0.56	(0.28)	1.27
PHYZX	0.13	0.02	(0.23)	(1.87)	0.00	(0.30)	0.42	(0.21)	0.84
ABRUX	1.24	0.09	0.02	0.33	1.55	(1.33)	2.37	(2.13)	10.46
MFHVX	0.10	0.03	(0.28)	1.24	0.00	(0.16)	0.24	(0.12)	0.59
PHDTX	0.12	0.00	(0.27)	0.15	0.12	(0.14)	0.22	(0.23)	1.01

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