Baron Small Correlations

BSCUX Fund

USD 33.76 0.16 0.48%

The current 90-days correlation between Baron Small Cap and Qs Growth Fund is 0.55 (i.e., Very weak diversification). The correlation of Baron Small 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 Small Correlation With Market

Average diversification

The correlation between Baron Small Cap and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Small Cap 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 Small Cap. 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	BREUX	Baron Real Estate	Pair Corr
0.71	BRIUX	Baron Real Estate	Pair Corr
0.71	BRIFX	Baron Real Estate	Pair Corr
0.97	BARUX	Baron Asset Fund	Pair Corr
0.94	BGRUX	Baron Growth	Pair Corr
0.7	VEXPX	Vanguard Explorer	Pair Corr
0.7	VEXRX	Vanguard Explorer	Pair Corr
0.71	JGMIX	Janus Triton	Pair Corr
0.77	JGMRX	Janus Triton	Pair Corr
0.71	JGMAX	Janus Triton	Pair Corr
0.75	JGMCX	Janus Triton	Pair Corr
0.71	JGMNX	Janus Triton	Pair Corr
0.87	PCF	Putnam High Income	Pair Corr

Related Correlations Analysis

	LANIX	IBSSX	LGLSX	MMDEX	NEAIX	LMLRX
LANIX		0.68	0.86	0.82	0.85	0.79	LANIX
IBSSX	0.68		0.38	0.42	0.66	0.73	IBSSX
LGLSX	0.86	0.38		0.92	0.7	0.44	LGLSX
MMDEX	0.82	0.42	0.92		0.72	0.47	MMDEX
NEAIX	0.85	0.66	0.7	0.72		0.85	NEAIX
LMLRX	0.79	0.73	0.44	0.47	0.85		LMLRX
	LANIX	IBSSX	LGLSX	MMDEX	NEAIX	LMLRX

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Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Small 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 Small'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
LANIX	0.47	0.03	(0.01)	0.39	0.62	(0.57)	0.91	(0.86)	4.70
IBSSX	0.66	(0.03)	0.00	(0.11)	0.00	0.00	1.16	(1.56)	5.85
LGLSX	0.91	0.26	0.15	71.30	1.11	(0.93)	2.43	(1.69)	7.49
MMDEX	0.67	0.11	0.06	1.84	0.90	(0.66)	1.62	(1.56)	5.43
NEAIX	1.02	0.02	(0.01)	0.11	1.22	(1.09)	2.16	(2.11)	8.12
LMLRX	0.24	(0.02)	0.00	(0.44)	0.00	0.00	0.53	(0.45)	2.26

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Baron Small Correlations

Baron Small Correlation With Market

Average diversification

Moving together with Baron Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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