Baron Intl Correlations

BIGUX Fund

USD 27.04 0.08 0.30%

The current 90-days correlation between Baron Intl Growth and Ep Emerging Markets is 0.65 (i.e., Poor diversification). The correlation of Baron Intl 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 Intl Correlation With Market

Very weak diversification

The correlation between Baron Intl Growth and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Intl 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 Intl 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

0.92	BEXUX	Baron Emerging Markets	Pair Corr
0.76	BHCUX	Baron Health Care	Pair Corr
0.87	RERFX	Europacific Growth	Pair Corr
0.87	AEPFX	Europacific Growth	Pair Corr
0.87	CEUAX	Europacific Growth	Pair Corr
0.89	CEUCX	Europacific Growth	Pair Corr
0.88	RERCX	Europacific Growth	Pair Corr
0.87	REREX	Europacific Growth	Pair Corr
0.96	RERGX	Europacific Growth	Pair Corr
0.87	CEUFX	Europacific Growth	Pair Corr
0.88	CEUEX	Europacific Growth	Pair Corr
0.89	RERAX	Europacific Growth	Pair Corr
0.92	BTMPX	Ishares Msci Eafe Potential Growth	Pair Corr
0.91	BTMKX	Blackrock International	Pair Corr
0.92	MDIIX	Blackrock Intern Index Potential Growth	Pair Corr

Moving against Baron Mutual Fund

0.63	BFIUX	Baron Fintech	Pair Corr
0.62	BFGUX	Baron Focused Growth	Pair Corr
0.61	BFTUX	Baron Fifth Avenue	Pair Corr
0.59	BPTUX	Baron Partners	Pair Corr
0.58	BIOUX	Baron Opportunity	Pair Corr
0.57	BGLUX	Baron Global Advantage	Pair Corr
0.56	BDFUX	Baron Discovery	Pair Corr
0.53	BWBTX	Baron Wealthbuilder	Pair Corr
0.4	BDAUX	Baron Durable Advantage	Pair Corr
0.33	BRIUX	Baron Real Estate	Pair Corr
0.33	BRIFX	Baron Real Estate	Pair Corr
0.74	BTCYX	Cboe Vest Bitcoin	Pair Corr
0.67	PCBAX	Blackrock Tactical	Pair Corr
0.61	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.61	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.61	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.48	COGVX	Cognios Large Cap	Pair Corr
0.47	SNXFX	Schwab 1000 Index	Pair Corr
0.46	NLSAX	Neuberger Berman Long	Pair Corr
0.46	TFBRX	American Beacon Twen	Pair Corr
0.41	BSTSX	Blackrock Science	Pair Corr

Related Correlations Analysis

	EPASX	SEKRX	PCEMX	RYCCX	PIEFX	BXECX
EPASX		0.93	0.97	-0.58	0.91	0.83	EPASX
SEKRX	0.93		0.92	-0.41	0.92	0.76	SEKRX
PCEMX	0.97	0.92		-0.48	0.95	0.8	PCEMX
RYCCX	-0.58	-0.41	-0.48		-0.38	-0.46	RYCCX
PIEFX	0.91	0.92	0.95	-0.38		0.67	PIEFX
BXECX	0.83	0.76	0.8	-0.46	0.67		BXECX
	EPASX	SEKRX	PCEMX	RYCCX	PIEFX	BXECX

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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

PCEMX	+ 0.97	EPASX
PIEFX	+ 0.95	PCEMX
SEKRX	+ 0.93	EPASX
PCEMX	+ 0.92	SEKRX
PIEFX	+ 0.92	SEKRX
PIEFX	+ 0.91	EPASX

High negative correlations

RYCCX	- 0.58	EPASX
RYCCX	- 0.48	PCEMX
BXECX	- 0.46	RYCCX
RYCCX	- 0.41	SEKRX
PIEFX	- 0.38	RYCCX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Intl 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 Intl'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
EPASX	0.72	(0.04)	0.00	(1.06)	0.00	0.00	1.52	(1.70)	6.47
SEKRX	0.71	(0.03)	0.00	(0.04)	0.00	0.00	1.64	(1.47)	5.33
PCEMX	0.72	(0.04)	0.00	(0.20)	0.00	0.00	1.63	(1.69)	6.32
RYCCX	1.63	0.09	0.04	0.08	2.75	(1.50)	3.07	(4.84)	13.87
PIEFX	0.70	(0.04)	0.00	(0.06)	0.00	0.00	1.70	(1.42)	4.82
BXECX	0.21	(0.06)	0.00	(0.54)	0.00	0.00	0.39	(0.52)	1.45

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