Baron Focused Correlations

BFGUX Fund

USD 50.84 0.02 0.04%

The current 90-days correlation between Baron Focused Growth and Baron Focused Growth is -0.03 (i.e., Good diversification). The correlation of Baron Focused 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 Focused Correlation With Market

Significant diversification

The correlation between Baron Focused Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Focused Growth 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 Focused Growth. 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

0.84	BDAUX	Baron Durable Advantage	Pair Corr
0.86	BDFUX	Baron Discovery	Pair Corr
0.97	BWBTX	Baron Wealthbuilder	Pair Corr
0.78	BFIUX	Baron Fintech	Pair Corr
0.94	BFTUX	Baron Fifth Avenue	Pair Corr
0.97	BGLUX	Baron Global Advantage	Pair Corr
0.92	BIOUX	Baron Opportunity	Pair Corr
0.96	BPTUX	Baron Partners	Pair Corr
0.62	PRNHX	T Rowe Price	Pair Corr
0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.79	AOUIX	Angel Oak Ultrashort	Pair Corr
0.82	FADTX	Fidelity Advisor Tec	Pair Corr

Moving against Baron Mutual Fund

0.78	BEXUX	Baron Emerging Markets	Pair Corr
0.76	BHCUX	Baron Health Care	Pair Corr
0.62	BIGUX	Baron Intl Growth	Pair Corr
0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.73	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	BFGFX	BFGIX	BPTIX	BPTUX	BIOUX
BFGFX		1.0	0.98	0.98	0.91	BFGFX
BFGIX	1.0		0.98	0.98	0.91	BFGIX
BPTIX	0.98	0.98		1.0	0.87	BPTIX
BPTUX	0.98	0.98	1.0		0.87	BPTUX
BIOUX	0.91	0.91	0.87	0.87		BIOUX
	BFGFX	BFGIX	BPTIX	BPTUX	BIOUX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Focused 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 Focused'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
BFGFX	0.79	0.25	0.21	(2.74)	0.64	(0.96)	1.88	(1.44)	10.17
BFGIX	0.79	0.25	0.21	(2.70)	0.66	(0.96)	1.89	(1.42)	10.18
BPTIX	1.63	0.49	0.25	(1.52)	1.33	(1.95)	4.19	(2.81)	15.67
BPTUX	1.63	0.49	0.25	(1.52)	1.33	(1.95)	4.19	(2.81)	15.67
BIOUX	0.92	0.17	0.07	(9.15)	1.42	(0.88)	1.75	(2.61)	7.87

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC