Baron Health Care Fund Market Value
| BHCUX Fund | USD 20.60 0.17 0.83% |
| Symbol | Baron |
Baron Health 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baron Health's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baron Health.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Baron Health on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Baron Health Care or generate 0.0% return on investment in Baron Health over 90 days. Baron Health is related to or competes with Baron Real, Baron Real, Baron Real, Baron Small, Baron Asset, Baron Durable, and Baron Discovery. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities in the form of c... More
Baron Health Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baron Health's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baron Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.27 |
Baron Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Health's standard deviation. In reality, there are many statistical measures that can use Baron Health historical prices to predict the future Baron Health's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baron Health Care Backtested Returns
Baron Health Care secures Sharpe Ratio (or Efficiency) of -0.0653, which signifies that the fund had a -0.0653% return per unit of risk over the last 3 months. Baron Health Care exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baron Health's Risk Adjusted Performance of (0.05), standard deviation of 0.8311, and Mean Deviation of 0.6459 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baron Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baron Health is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Baron Health Care has poor predictability. Overlapping area represents the amount of predictability between Baron Health time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baron Health Care price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Baron Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Baron Health Care lagged returns against current returns
Autocorrelation, which is Baron Health mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baron Health's mutual fund expected returns. We can calculate the autocorrelation of Baron Health returns to help us make a trade decision. For example, suppose you find that Baron Health has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baron Health regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baron Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Health mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baron Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Health Lagged Returns
When evaluating Baron Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Health mutual fund have on its future price. Baron Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baron Health autocorrelation shows the relationship between Baron Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Health Care.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Baron Mutual Fund
Baron Health financial ratios help investors to determine whether Baron Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Baron with respect to the benefits of owning Baron Health security.
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