Baron Opportunity Correlations

Mutual Funds . USA . 
Fund . Baron Opportunity Fund
BIOIX Fund  USD 53.23  0.48  0.89%   
The current 90-days correlation between Baron Opportunity and Baron Partners Fund is -0.05 (i.e., Good 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

Significant diversification

The correlation between Baron Opportunity Fund and DJI is 0.06 (i.e., Significant 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 gross domestic product.

Moving together with Baron Mutual Fund

  0.85BREIX Baron Real EstatePairCorr
  0.84BREFX Baron Real EstatePairCorr
  0.92BRIIX Baron Real EstatePairCorr
  0.9BSCFX Baron Small CapPairCorr
  0.89BARAX Baron Asset FundPairCorr
  0.9BSFIX Baron Small CapPairCorr
  0.93BARIX Baron Asset FundPairCorr
  0.98BTEEX Baron Select FundsPairCorr
  0.98BTECX Baron Select FundsPairCorr
  0.98BTEUX Baron Select FundsPairCorr
  0.92BDAIX Baron Durable AdvantagePairCorr
  0.92BDAFX Baron Durable AdvantagePairCorr
  0.94BDFIX Baron DiscoveryPairCorr
  0.94BDFFX Baron DiscoveryPairCorr
  0.97BWBIX Baron WealthbuilderPairCorr
  0.97BWBFX Baron WealthbuilderPairCorr
  0.95BFGIX Baron Focused GrowthPairCorr
  0.95BFGFX Baron Focused GrowthPairCorr
  0.94BFINX Baron FintechPairCorr
  0.94BFIIX Baron FintechPairCorr
  0.99BFTHX Baron Fifth AvenuePairCorr
  0.99BFTIX Baron Fifth AvenuePairCorr
  0.95BGAIX Baron Global AdvantagePairCorr
  0.96BGAFX Baron Global AdvantagePairCorr
  0.72BGRIX Baron GrowthPairCorr
  0.76BGRFX Baron GrowthPairCorr
  0.98BIOPX Baron OpportunityPairCorr
  0.89BPTRX Baron Partners Steady GrowthPairCorr
  0.88BPTIX Baron Partners Steady GrowthPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr

Moving against Baron Mutual Fund

  0.62BHCHX Baron Health CarePairCorr
  0.62BHCFX Baron Health CarePairCorr
  0.33BIGFX Baron InternationalPairCorr

Related Correlations Analysis

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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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