Baron Select Funds Fund Market Value
| BTEUX Fund | USD 13.08 0.05 0.38% |
| Symbol | Baron |
Baron Select '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 Select'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 Select.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Baron Select on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Baron Select Funds or generate 0.0% return on investment in Baron Select over 300 days. Baron Select is related to or competes with Franklin Federal, Federated Short-intermedia, Locorr Long/short, Vanguard Short-term, and Calvert Short. The fund, under normal market conditions, invests at least 80 percent of its net assets in equity securities in the form... More
Baron Select 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 Select'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 Select Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1009 | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.4 |
Baron Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Select's standard deviation. In reality, there are many statistical measures that can use Baron Select historical prices to predict the future Baron Select's volatility.| Risk Adjusted Performance | 0.1556 | |||
| Jensen Alpha | 0.1262 | |||
| Total Risk Alpha | 0.0443 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 0.2373 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Select'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 Select Funds Backtested Returns
Baron Select appears to be very steady, given 3 months investment horizon. Baron Select Funds secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baron Select Funds, which you can use to evaluate the volatility of the entity. Please makes use of Baron Select's Risk Adjusted Performance of 0.1556, downside deviation of 1.63, and Mean Deviation of 0.9459 to double-check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. Baron Select returns are very sensitive to returns on the market. As the market goes up or down, Baron Select is expected to follow.
Auto-correlation | 0.58 |
Modest predictability
Baron Select Funds has modest predictability. Overlapping area represents the amount of predictability between Baron Select time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Select Funds price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Baron Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Baron Select Funds lagged returns against current returns
Autocorrelation, which is Baron Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Baron Select returns to help us make a trade decision. For example, suppose you find that Baron Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Select 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 Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Select Lagged Returns
When evaluating Baron Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Select mutual fund have on its future price. Baron Select 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 Select autocorrelation shows the relationship between Baron Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Select Funds.
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 Select 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 Select security.
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