Baron Select Correlations

BTEUX Fund

USD 13.05 0.05 0.38%

The current 90-days correlation between Baron Select Funds and VEEA is -0.07 (i.e., Good diversification). The correlation of Baron Select 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 Select Correlation With Market

Poor diversification

The correlation between Baron Select Funds and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Select Funds 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 Select Funds. 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

0.61	DYSL	Dynasil Of	Pair Corr
0.75	DIDIY	Didi Global ADR	Pair Corr
0.87	WEBB	Web Global Holdings	Pair Corr
0.77	WELX	Winland Holdings	Pair Corr
0.77	WGNR	Wegener	Pair Corr
0.8	CETXP	Cemtrex Pref	Pair Corr
0.66	GVP	GSE Systems	Pair Corr
0.63	ITI	Iteris Inc	Pair Corr

Moving against Baron Mutual Fund

0.85	VHAI	VHAI	Pair Corr
0.78	DLPX	Delphax Technologies	Pair Corr
0.75	VVPR	VivoPower International	Pair Corr
0.69	ELCO	Elcom International	Pair Corr
0.68	DZSI	DZS Inc	Pair Corr
0.59	DMAN	Innovativ Media Group	Pair Corr
0.33	WBTN	WEBTOON Entertainment	Pair Corr
0.85	EVOL	Evolving Systems	Pair Corr
0.66	SBIGW	SpringBig Holdings	Pair Corr
0.65	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.61	XELA	Exela Technologies Earnings Call This Week	Pair Corr
0.51	WRNT	Warrantee American	Pair Corr
0.92	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.88	VLD	Velo3D Inc	Pair Corr
0.88	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.87	ZPTAW	Zapata Computing Holdings	Pair Corr
0.69	SURGW	SurgePays Warrant	Pair Corr
0.37	GTLL	Global Techs	Pair Corr

Related Correlations Analysis

	VEEA	VVPR	WBTN	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX
VEEA		0.07	-0.39	0.07	0.07	0.0	-0.1	-0.01	-0.11	-0.03	VEEA
VVPR	0.07		0.54	-0.86	-0.86	-0.82	-0.77	-0.75	-0.77	-0.77	VVPR
WBTN	-0.39	0.54		-0.46	-0.46	-0.55	-0.25	-0.42	-0.26	-0.45	WBTN
BREIX	0.07	-0.86	-0.46		1.0	0.9	0.9	0.9	0.9	0.88	BREIX
BREFX	0.07	-0.86	-0.46	1.0		0.9	0.9	0.9	0.9	0.88	BREFX
BRIIX	0.0	-0.82	-0.55	0.9	0.9		0.84	0.86	0.84	0.9	BRIIX
BSCFX	-0.1	-0.77	-0.25	0.9	0.9	0.84		0.96	1.0	0.91	BSCFX
BARAX	-0.01	-0.75	-0.42	0.9	0.9	0.86	0.96		0.96	0.94	BARAX
BSFIX	-0.11	-0.77	-0.26	0.9	0.9	0.84	1.0	0.96		0.91	BSFIX
BARIX	-0.03	-0.77	-0.45	0.88	0.88	0.9	0.91	0.94	0.91		BARIX
	VEEA	VVPR	WBTN	BREIX	BREFX	BRIIX	BSCFX	BARAX	BSFIX	BARIX

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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

BREFX	+ 1.0	BREIX
BSFIX	+ 1.0	BSCFX
BARAX	+ 0.96	BSCFX
BSFIX	+ 0.96	BARAX
BARIX	+ 0.94	BARAX
BARIX	+ 0.91	BSCFX

High negative correlations

BREFX	- 0.86	VVPR
BREIX	- 0.86	VVPR
BRIIX	- 0.82	VVPR
BARIX	- 0.77	VVPR
BSFIX	- 0.77	VVPR
BSCFX	- 0.77	VVPR

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Select 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 Select'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
VEEA	9.51	(0.96)	0.00	0.52	0.00	0.00	11.11	(23.71)	157.04
VVPR	6.13	(0.60)	0.00	(1.81)	0.00	0.00	6.40	(15.56)	112.34
WBTN	3.08	(0.32)	0.00	(0.07)	0.00	0.00	7.65	(7.67)	20.14
BREIX	0.79	0.06	0.02	0.22	0.72	(0.94)	1.65	(1.58)	4.84
BREFX	0.79	0.06	0.02	0.21	0.72	(0.91)	1.65	(1.58)	4.83
BRIIX	0.65	0.15	0.04	2.37	0.57	(0.77)	1.38	(1.25)	3.84
BSCFX	0.84	0.03	0.07	0.14	0.87	(0.95)	1.71	(1.46)	6.95
BARAX	0.60	0.02	0.01	0.15	0.69	(0.62)	1.23	(1.16)	4.40
BSFIX	0.84	0.03	0.07	0.14	0.89	(0.95)	1.71	(1.46)	6.92
BARIX	0.59	0.09	(0.02)	0.93	0.69	(0.61)	1.24	(1.16)	4.41

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