Baron Discovery Fund Market Value
| BDFUX Fund | USD 33.12 0.34 1.04% |
| Symbol | Baron |
Baron Discovery 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baron Discovery's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baron Discovery.
| 02/05/2023 |
| 12/26/2024 |
If you would invest 0.00 in Baron Discovery on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Baron Discovery Fund or generate 0.0% return on investment in Baron Discovery over 690 days. Baron Discovery is related to or competes with Baron Real, Baron Real, Baron Real, Baron Small, Baron Asset, Baron Durable, and Baron Discovery. The fund is a diversified fund that invests for the long term primarily in equity securities in the form of common stock... More
Baron Discovery Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baron Discovery's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baron Discovery Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0798 | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.84 |
Baron Discovery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Discovery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Discovery's standard deviation. In reality, there are many statistical measures that can use Baron Discovery historical prices to predict the future Baron Discovery's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.0874 | |||
| Total Risk Alpha | 0.0792 | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | 0.1023 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Discovery's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baron Discovery Backtested Returns
At this stage we consider Baron Mutual Fund to be very steady. Baron Discovery secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baron Discovery Fund, which you can use to evaluate the volatility of the entity. Please confirm Baron Discovery's Risk Adjusted Performance of 0.0965, downside deviation of 1.23, and Mean Deviation of 0.9109 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 1.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Baron Discovery will likely underperform.
Auto-correlation | 0.18 |
Very weak predictability
Baron Discovery Fund has very weak predictability. Overlapping area represents the amount of predictability between Baron Discovery time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baron Discovery price movement. The serial correlation of 0.18 indicates that over 18.0% of current Baron Discovery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.95 |
Baron Discovery lagged returns against current returns
Autocorrelation, which is Baron Discovery mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baron Discovery's mutual fund expected returns. We can calculate the autocorrelation of Baron Discovery returns to help us make a trade decision. For example, suppose you find that Baron Discovery has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baron Discovery regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baron Discovery mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Discovery mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baron Discovery mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Discovery Lagged Returns
When evaluating Baron Discovery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Discovery mutual fund have on its future price. Baron Discovery autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baron Discovery autocorrelation shows the relationship between Baron Discovery mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Discovery Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Baron Mutual Fund
Baron Discovery financial ratios help investors to determine whether Baron Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Baron with respect to the benefits of owning Baron Discovery security.
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