Baron Asset Correlations

Mutual Funds . USA . 
Fund . Baron Asset Fund
BARUX Fund  USD 99.85  0.02  0.02%   
The current 90-days correlation between Baron Asset Fund and Baron Focused Growth is 0.33 (i.e., Weak diversification). The correlation of Baron Asset 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 Asset Correlation With Market

Significant diversification

The correlation between Baron Asset Fund and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Asset Fund 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 Asset Fund. 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

  0.81BREUX Baron Real EstatePairCorr
  0.61BRIUX Baron Real EstatePairCorr
  0.61BRIFX Baron Real EstatePairCorr
  0.97BSCUX Baron Small CapPairCorr
  0.97BGRUX Baron GrowthPairCorr
  0.78PAMCX T Rowe PricePairCorr
  0.77RRMGX T Rowe PricePairCorr
  0.84TRQZX T Rowe PricePairCorr
  0.78RPMGX T Rowe PricePairCorr
  0.69PRJIX T Rowe PricePairCorr
  0.67TRUZX T Rowe PricePairCorr
  0.7PCBIX Midcap Fund InstitutionalPairCorr
  0.73PEMGX Midcap Fund ClassPairCorr
  0.73PMBCX Midcap Fund ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Asset 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 Asset'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.

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