Baron Growth Correlations

BGRUX Fund

USD 96.71 0.33 0.34%

The current 90-days correlation between Baron Growth and Neuberger Berman Real is 0.31 (i.e., Weak diversification). The correlation of Baron Growth 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 Growth Correlation With Market

Significant diversification

The correlation between Baron Growth 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 Growth 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 Growth 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

0.78	BREUX	Baron Real Estate	Pair Corr
0.94	BSCUX	Baron Small Cap	Pair Corr
0.97	BARUX	Baron Asset Fund	Pair Corr
0.63	BHCUX	Baron Health Care	Pair Corr
0.78	PAMCX	T Rowe Price	Pair Corr
0.79	RRMGX	T Rowe Price	Pair Corr
0.83	TRQZX	T Rowe Price	Pair Corr
0.78	RPMGX	T Rowe Price	Pair Corr
0.62	PCBIX	Midcap Fund Institutional	Pair Corr
0.66	PEMGX	Midcap Fund Class	Pair Corr
0.67	PMBCX	Midcap Fund Class	Pair Corr

Moving against Baron Mutual Fund

0.34

BPTUX

Baron Partners

Pair Corr

Related Correlations Analysis

	NREEX	GMJPX	DREYX	MRESX	IVRSX	DAREX
NREEX		0.93	0.9	0.99	0.99	0.88	NREEX
GMJPX	0.93		0.87	0.93	0.91	0.84	GMJPX
DREYX	0.9	0.87		0.89	0.89	0.92	DREYX
MRESX	0.99	0.93	0.89		0.99	0.88	MRESX
IVRSX	0.99	0.91	0.89	0.99		0.87	IVRSX
DAREX	0.88	0.84	0.92	0.88	0.87		DAREX
	NREEX	GMJPX	DREYX	MRESX	IVRSX	DAREX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Growth 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 Growth'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NREEX	0.80	(0.14)	(1.51)	1.29	(1.60)	5.53
GMJPX	0.83	(0.17)	(2.08)	1.45	(2.05)	6.48
DREYX	0.77	(0.13)	(0.66)	1.34	(1.60)	5.63
MRESX	0.75	(0.12)	(1.22)	1.26	(1.73)	5.40
IVRSX	0.73	(0.12)	(1.16)	1.28	(1.50)	5.23
DAREX	0.72	(0.11)	(0.85)	1.28	(1.82)	5.58

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