Baron Select Correlations

BTEEX Fund

USD 12.90 0.08 0.62%

The current 90-days correlation between Baron Select Funds and Dreyfus Government Cash is -0.15 (i.e., Good diversification). The correlation of Baron Select 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 Select Correlation With Market

Significant diversification

The correlation between Baron Select Funds and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Select Funds 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 Select Funds. 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 income.

Moving together with Baron Mutual Fund

0.92	VITAX	Vanguard Information	Pair Corr
0.92	FSPTX	Technology Portfolio	Pair Corr
0.76	FSELX	Fidelity Select Semi	Pair Corr
0.84	FSCSX	Software And It	Pair Corr
0.92	SLMCX	Columbia Seligman	Pair Corr
0.92	SCICX	Columbia Seligman	Pair Corr
0.84	WSTRX	Ivy Science And	Pair Corr
0.86	WSTCX	Ivy Science And	Pair Corr
0.64	HD	Home Depot Sell-off Trend	Pair Corr
0.84	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	T	ATT Inc Aggressive Push	Pair Corr
0.75	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Baron Mutual Fund

0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.8	KO	Coca Cola Sell-off Trend	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.48	PFHCX	Pacific Funds Small	Pair Corr
0.45	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	DIPXX	LCCXX	DACGX	FISAX	AIEXX	TWACX	RYAQX
DIPXX		0.0	-0.75	-0.03	0.0	-0.62	0.84	DIPXX
LCCXX	0.0		0.0	0.0	0.0	0.0	0.0	LCCXX
DACGX	-0.75	0.0		0.48	0.0	0.94	-0.96	DACGX
FISAX	-0.03	0.0	0.48		0.0	0.65	-0.31	FISAX
AIEXX	0.0	0.0	0.0	0.0		0.0	0.0	AIEXX
TWACX	-0.62	0.0	0.94	0.65	0.0		-0.88	TWACX
RYAQX	0.84	0.0	-0.96	-0.31	0.0	-0.88		RYAQX
	DIPXX	LCCXX	DACGX	FISAX	AIEXX	TWACX	RYAQX

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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

TWACX	+ 0.94	DACGX
RYAQX	+ 0.84	DIPXX
TWACX	+ 0.65	FISAX
FISAX	+ 0.48	DACGX
LCCXX	+ 0.0	DIPXX
AIEXX	+ 0.0	DIPXX

High negative correlations

RYAQX	- 0.96	DACGX
RYAQX	- 0.88	TWACX
DACGX	- 0.75	DIPXX
TWACX	- 0.62	DIPXX
RYAQX	- 0.31	FISAX
FISAX	- 0.03	DIPXX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Select 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 Select'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
DIPXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	0.00	1.01
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DACGX	0.20	(0.01)	0.00	0.31	0.00	0.00	0.39	(0.48)	1.03
FISAX	0.07	0.00	(0.67)	0.08	0.00	(0.18)	0.13	(0.13)	0.80
AIEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWACX	0.08	(0.01)	0.00	0.49	0.00	0.00	0.11	(0.11)	0.78
RYAQX	0.61	0.06	(0.04)	0.38	0.65	(0.70)	1.52	(1.27)	5.23

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