Baron Fintech Correlations

BFIUX Fund

USD 17.93 0.02 0.11%

The current 90-days correlation between Baron Fintech and Veea Inc is -0.04 (i.e., Good diversification). The correlation of Baron Fintech 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 Fintech Correlation With Market

Significant diversification

The correlation between Baron Fintech and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fintech 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 Fintech. 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

0.88	CETXP	Cemtrex Pref	Pair Corr
0.7	FUJIY	FUJIFILM Holdings Corp	Pair Corr
0.67	INST	Instructure Holdings	Pair Corr
0.62	LTCH	Latch Inc	Pair Corr

Moving against Baron Mutual Fund

0.85	FOXX	Foxx Development Holdings	Pair Corr
0.82	EVOL	Evolving Systems	Pair Corr
0.79	DLPX	Delphax Technologies	Pair Corr
0.76	VEEA	Veea Inc Symbol Change	Pair Corr
0.59	VHAI	VHAI	Pair Corr
0.53	SBIGW	SpringBig Holdings	Pair Corr
0.36	DZSI	DZS Inc	Pair Corr
0.83	GETR	Getaround	Pair Corr
0.77	VLD	Velo3D Inc	Pair Corr
0.7	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.63	ZPTAW	Zapata Computing Holdings	Pair Corr
0.54	KBNT	Kubient	Pair Corr

Related Correlations Analysis

	VEEA	VVPR	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX	BDFUX	BWBTX
VEEA		-0.01	-0.38	-0.55	-0.55	-0.35	-0.24	-0.58	-0.68	-0.54	VEEA
VVPR	-0.01		0.05	0.26	0.27	-0.16	-0.25	0.53	0.55	0.68	VVPR
BREUX	-0.38	0.05		0.88	0.88	0.88	0.81	0.43	0.58	0.39	BREUX
BRIUX	-0.55	0.26	0.88		1.0	0.71	0.61	0.66	0.82	0.67	BRIUX
BRIFX	-0.55	0.27	0.88	1.0		0.71	0.61	0.66	0.82	0.67	BRIFX
BSCUX	-0.35	-0.16	0.88	0.71	0.71		0.97	0.3	0.46	0.23	BSCUX
BARUX	-0.24	-0.25	0.81	0.61	0.61	0.97		0.17	0.3	0.09	BARUX
BDAUX	-0.58	0.53	0.43	0.66	0.66	0.3	0.17		0.86	0.91	BDAUX
BDFUX	-0.68	0.55	0.58	0.82	0.82	0.46	0.3	0.86		0.94	BDFUX
BWBTX	-0.54	0.68	0.39	0.67	0.67	0.23	0.09	0.91	0.94		BWBTX
	VEEA	VVPR	BREUX	BRIUX	BRIFX	BSCUX	BARUX	BDAUX	BDFUX	BWBTX

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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

BRIFX	+ 1.0	BRIUX
BARUX	+ 0.97	BSCUX
BWBTX	+ 0.94	BDFUX
BWBTX	+ 0.91	BDAUX
BRIUX	+ 0.88	BREUX
BRIFX	+ 0.88	BREUX

High negative correlations

BDFUX	- 0.68	VEEA
BDAUX	- 0.58	VEEA
BRIFX	- 0.55	VEEA
BRIUX	- 0.55	VEEA
BWBTX	- 0.54	VEEA
BREUX	- 0.38	VEEA

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fintech 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 Fintech'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
VEEA	5.60	(0.78)	0.00	0.35	0.00	0.00	9.54	(10.34)	31.60
VVPR	6.45	0.86	0.08	(0.68)	8.85	(8.15)	16.30	(15.56)	112.34
BREUX	0.81	(0.05)	0.00	(0.28)	0.00	0.00	1.54	(1.74)	7.11
BRIUX	0.70	0.00	(0.04)	(0.09)	1.11	(0.71)	1.32	(1.41)	6.50
BRIFX	0.70	(0.01)	(0.04)	(0.09)	1.09	(0.73)	1.33	(1.37)	6.40
BSCUX	0.98	(0.16)	0.00	(0.55)	0.00	0.00	1.60	(1.66)	16.99
BARUX	0.91	(0.21)	0.00	(1.06)	0.00	0.00	1.41	(2.08)	17.62
BDAUX	0.66	0.08	0.04	(2.62)	0.96	(0.72)	1.22	(1.15)	5.79
BDFUX	0.91	0.12	0.07	0.68	1.10	(0.97)	1.84	(1.82)	8.45
BWBTX	0.71	0.12	0.08	1.75	0.92	(0.76)	1.30	(1.40)	6.95

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