Baron Opportunity Correlations

Mutual Funds . USA . 
Fund . Baron Opportunity Fund
BIOUX Fund  USD 52.43  0.05  0.1%   
The current 90-days correlation between Baron Opportunity and Baron Partners Fund is 0.06 (i.e., Significant diversification). The correlation of Baron Opportunity 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 Opportunity Correlation With Market

Good diversification

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

  0.72BRIUX Baron Real EstatePairCorr
  0.72BRIFX Baron Real EstatePairCorr
  0.94BDAUX Baron Durable AdvantagePairCorr
  0.93BDFUX Baron DiscoveryPairCorr
  0.96BWBTX Baron WealthbuilderPairCorr
  0.92BFGUX Baron Focused GrowthPairCorr
  0.89BFIUX Baron FintechPairCorr
  0.98BFTUX Baron Fifth AvenuePairCorr
  0.95BGLUX Baron Global AdvantagePairCorr
  0.87BPTUX Baron PartnersPairCorr
  0.77FAFGX American FundsPairCorr
  0.77FFAFX American FundsPairCorr
  0.64GFACX Growth FundPairCorr
  0.69GFAFX Growth FundPairCorr
  0.95AGTHX Growth FundPairCorr
  0.68CGFFX Growth FundPairCorr
  0.64CGFCX Growth FundPairCorr
  0.69CGFAX Growth FundPairCorr
  0.69CGFEX Growth FundPairCorr
  0.69RGAEX Growth FundPairCorr
  0.71LETRX Voya Russia FundPairCorr
  0.78KMKAX Kinetics Market OppoPairCorr
  0.71KNPAX Kinetics ParadigmPairCorr
  0.71KNPYX Kinetics ParadigmPairCorr
  0.7KNPCX Kinetics ParadigmPairCorr
  0.71WWNPX Kinetics ParadigmPairCorr
  0.73IIRFX Voya Russia FundPairCorr
  0.71IWRFX Voya Russia FundPairCorr
  0.81LUBYX Lord Abbett UltraPairCorr
  0.95ALMRX Alger Midcap GrowthPairCorr

Moving against Baron Mutual Fund

  0.77BEXUX Baron Emerging MarketsPairCorr
  0.58BHCUX Baron Health CarePairCorr
  0.58BIGUX Baron Intl GrowthPairCorr

Related Correlations Analysis

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 Opportunity 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 Opportunity'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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