Baron Fintech Correlations

BFINX Fund

USD 18.03 0.22 1.24%

The current 90-days correlation between Baron Fintech and Prudential Core Conservative is 0.18 (i.e., Average diversification). The correlation of Baron Fintech 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 Fintech Correlation With Market

Very poor diversification

The correlation between Baron Fintech and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Fintech 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 Fintech. 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 board of governors.

Moving together with Baron Mutual Fund

0.8	WEBB	Web Global Holdings	Pair Corr
0.69	WGNR	Wegener	Pair Corr
0.89	CETXP	Cemtrex Pref Earnings Call This Week	Pair Corr
0.72	INST	Instructure Holdings	Pair Corr
0.82	LTCH	Latch Inc	Pair Corr

Moving against Baron Mutual Fund

0.89	FOXX	Foxx Development Holdings Trending	Pair Corr
0.87	EVOL	Evolving Systems	Pair Corr
0.83	DLPX	Delphax Technologies	Pair Corr
0.67	VEEA	Veea Inc Symbol Change	Pair Corr
0.62	SBIGW	SpringBig Holdings	Pair Corr
0.59	XELAP	Exela Technologies	Pair Corr
0.58	DZSI	DZS Inc	Pair Corr
0.54	VHAI	VHAI	Pair Corr
0.9	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.89	GETR	Getaround Financial Report 20th of December 2024	Pair Corr
0.88	VLD	Velo3D Inc	Pair Corr
0.87	ZPTAW	Zapata Computing Holdings	Pair Corr
0.59	MARK	Remark Holdings	Pair Corr
0.53	MSN	Emerson Radio	Pair Corr
0.43	XELA	Exela Technologies	Pair Corr
0.4	MINM	Minim Inc	Pair Corr
0.34	HPAIW	Helport AI Limited	Pair Corr

Related Correlations Analysis

	PQCNX	FARIX	GUDAX	DTICX	PGBAX	JPDVX	ACV	BICPX
PQCNX		-0.34	0.0	0.87	0.89	-0.04	-0.36	0.67	PQCNX
FARIX	-0.34		0.0	-0.23	-0.22	0.56	0.57	0.12	FARIX
GUDAX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GUDAX
DTICX	0.87	-0.23	0.0		0.84	0.23	-0.1	0.77	DTICX
PGBAX	0.89	-0.22	0.0	0.84		0.22	-0.18	0.79	PGBAX
JPDVX	-0.04	0.56	0.0	0.23	0.22		0.81	0.66	JPDVX
ACV	-0.36	0.57	0.0	-0.1	-0.18	0.81		0.36	ACV
BICPX	0.67	0.12	0.0	0.77	0.79	0.66	0.36		BICPX
	PQCNX	FARIX	GUDAX	DTICX	PGBAX	JPDVX	ACV	BICPX

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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

PGBAX	+ 0.89	PQCNX
DTICX	+ 0.87	PQCNX
PGBAX	+ 0.84	DTICX
ACV	+ 0.81	JPDVX
BICPX	+ 0.79	PGBAX
BICPX	+ 0.77	DTICX

High negative correlations

ACV	- 0.36	PQCNX
FARIX	- 0.34	PQCNX
DTICX	- 0.23	FARIX
PGBAX	- 0.22	FARIX
ACV	- 0.18	PGBAX
ACV	- 0.1	DTICX

Risk-Adjusted Indicators

There is a big difference between Baron Mutual Fund performing well and Baron Fintech 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 Fintech'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
PQCNX	0.23	(0.05)	0.00	(0.43)	0.00	0.00	0.35	(0.69)	1.40
FARIX	0.35	(0.04)	0.00	(0.06)	0.00	0.00	0.73	(0.60)	5.00
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DTICX	0.07	(0.01)	(0.77)	(0.42)	0.09	(0.14)	0.13	(0.13)	0.51
PGBAX	0.13	(0.01)	0.00	(0.96)	0.00	0.00	0.25	(0.33)	1.00
JPDVX	0.37	0.01	(0.11)	0.12	0.33	(0.42)	0.86	(0.73)	2.56
ACV	0.62	0.11	0.09	0.27	0.45	(0.72)	1.46	(1.19)	4.20
BICPX	0.19	(0.01)	(0.42)	0.05	0.15	(0.29)	0.44	(0.43)	1.21

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