Baron Capital Correlations

BCAP Stock

USD 0.0002 0.0001 33.33%

The current 90-days correlation between Baron Capital and Visa Class A is -0.05 (i.e., Good diversification). The correlation of Baron Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Baron Capital and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Capital and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Baron Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baron Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baron Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baron Capital to buy it.

Moving together with Baron Pink Sheet

0.72

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Pair Corr

Moving against Baron Pink Sheet

0.65	JXN-PA	Jackson Financial	Pair Corr
0.56	CMWCF	Cromwell Property	Pair Corr
0.56	PBMRF	PT Bumi Resources	Pair Corr
0.53	MA	Mastercard	Pair Corr
0.48	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.43	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.39	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.36	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.62	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.56	CSCO	Cisco Systems	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.42	MET	MetLife	Pair Corr
0.36	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	WMT	Walmart Aggressive Push	Pair Corr
0.34	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.31	DIS	Walt Disney Aggressive Push	Pair Corr

Related Correlations Analysis

	V	MA	AXP	PYPL	COF	DFS	SYF	IX
V		0.84	0.79	0.65	0.9	0.91	0.9	-0.42	V
MA	0.84		0.91	0.86	0.91	0.9	0.92	-0.7	MA
AXP	0.79	0.91		0.91	0.92	0.93	0.92	-0.58	AXP
PYPL	0.65	0.86	0.91		0.87	0.86	0.87	-0.71	PYPL
COF	0.9	0.91	0.92	0.87		1.0	0.99	-0.61	COF
DFS	0.91	0.9	0.93	0.86	1.0		0.99	-0.57	DFS
SYF	0.9	0.92	0.92	0.87	0.99	0.99		-0.64	SYF
IX	-0.42	-0.7	-0.58	-0.71	-0.61	-0.57	-0.64		IX
	V	MA	AXP	PYPL	COF	DFS	SYF	IX

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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

DFS	+ 1.0	COF
SYF	+ 0.99	COF
SYF	+ 0.99	DFS
DFS	+ 0.93	AXP
SYF	+ 0.92	MA
COF	+ 0.92	AXP

High negative correlations

IX	- 0.71	PYPL
IX	- 0.7	MA
IX	- 0.64	SYF
IX	- 0.61	COF
IX	- 0.58	AXP
IX	- 0.57	DFS

Risk-Adjusted Indicators

There is a big difference between Baron Pink Sheet performing well and Baron Capital Company 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 Capital'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
V	0.82	0.11	0.07	0.25	1.07	(0.92)	2.23	(1.30)	7.73
MA	0.69	0.05	0.02	0.17	0.75	(0.76)	1.46	(1.33)	5.05
AXP	1.23	0.06	0.10	0.14	1.13	(1.35)	2.83	(2.19)	9.79
PYPL	1.34	0.13	0.08	0.22	1.51	(1.44)	2.73	(2.75)	10.05
COF	1.73	0.13	0.20	0.15	1.22	(2.29)	5.23	(2.39)	18.23
DFS	1.99	0.10	0.19	0.14	1.47	(2.67)	4.04	(2.77)	24.36
SYF	1.71	0.17	0.23	0.16	1.19	(2.13)	4.38	(2.58)	23.07
IX	1.17	(0.16)	0.00	(0.16)	0.00	0.00	2.38	(2.89)	7.11

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Our tools can tell you how much better you can do entering a position in Baron Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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