Baron Fifth Correlations

Mutual Funds . USA . 
Fund . Baron Fifth Avenue
BFTUX Fund  USD 61.62  0.25  0.40%   
The current 90-days correlation between Baron Fifth Avenue and Baron Partners Fund is -0.09 (i.e., Good diversification). The correlation of Baron Fifth 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 Fifth Correlation With Market

Significant diversification

The correlation between Baron Fifth Avenue and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fifth Avenue 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 Fifth Avenue. 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

  0.68BRIUX Baron Real EstatePairCorr
  0.68BRIFX Baron Real EstatePairCorr
  0.91BDAUX Baron Durable AdvantagePairCorr
  0.93BDFUX Baron DiscoveryPairCorr
  0.97BWBTX Baron WealthbuilderPairCorr
  0.94BFGUX Baron Focused GrowthPairCorr
  0.89BFIUX Baron FintechPairCorr
  0.98BGLUX Baron Global AdvantagePairCorr
  0.98BIOUX Baron OpportunityPairCorr
  0.88BPTUX Baron PartnersPairCorr
  0.71FAFGX American FundsPairCorr
  0.71FFAFX American FundsPairCorr
  0.62GFAFX Growth FundPairCorr
  0.95AGTHX Growth FundPairCorr
  0.61CGFFX Growth FundPairCorr
  0.62CGFAX Growth FundPairCorr
  0.62CGFEX Growth FundPairCorr
  0.62RGAEX Growth FundPairCorr
  0.72LETRX Voya Russia FundPairCorr
  0.78KMKAX Kinetics Market OppoPairCorr
  0.7KNPAX Kinetics ParadigmPairCorr
  0.7KNPYX Kinetics ParadigmPairCorr
  0.7KNPCX Kinetics ParadigmPairCorr
  0.7WWNPX Kinetics ParadigmPairCorr
  0.74IIRFX Voya Russia FundPairCorr
  0.72IWRFX Voya Russia FundPairCorr
  0.82LUBYX Lord Abbett UltraPairCorr
  0.95ALMRX Alger Midcap GrowthPairCorr

Moving against Baron Mutual Fund

  0.8BEXUX Baron Emerging MarketsPairCorr
  0.65BHCUX Baron Health CarePairCorr
  0.61BIGUX Baron Intl GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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