Baron Small Correlations

Mutual Funds . USA . 
Fund . Baron Small Cap
BSCFX Fund  USD 36.19  0.33  0.90%   
The current 90-days correlation between Baron Small Cap and Baron Growth Fund is 0.11 (i.e., Average 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

Very poor diversification

The correlation between Baron Small Cap and DJI is 0.87 (i.e., Very poor 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 census.

Moving together with Baron Mutual Fund

  0.92BREIX Baron Real EstatePairCorr
  0.92BREFX Baron Real EstatePairCorr
  0.87BRIIX Baron Real EstatePairCorr
  0.97BARAX Baron Asset FundPairCorr
  1.0BSFIX Baron Small CapPairCorr
  0.93BARIX Baron Asset FundPairCorr
  0.91BTEEX Baron Select FundsPairCorr
  0.91BTECX Baron Select FundsPairCorr
  0.91BTEUX Baron Select FundsPairCorr
  0.93BDAIX Baron Durable AdvantagePairCorr
  0.93BDAFX Baron Durable AdvantagePairCorr
  0.95BDFIX Baron DiscoveryPairCorr
  0.95BDFFX Baron DiscoveryPairCorr
  0.93BWBIX Baron WealthbuilderPairCorr
  0.93BWBFX Baron WealthbuilderPairCorr
  0.92BFGIX Baron Focused GrowthPairCorr
  0.92BFGFX Baron Focused GrowthPairCorr
  0.94BFINX Baron FintechPairCorr
  0.94BFIIX Baron FintechPairCorr
  0.89BFTHX Baron Fifth AvenuePairCorr
  0.89BFTIX Baron Fifth AvenuePairCorr
  0.91BGAIX Baron Global AdvantagePairCorr
  0.89BGAFX Baron Global AdvantagePairCorr
  0.91BGRIX Baron GrowthPairCorr
  0.84BGRFX Baron GrowthPairCorr
  0.92BIOPX Baron OpportunityPairCorr
  0.9BIOIX Baron OpportunityPairCorr
  0.8BPTRX Baron Partners Steady GrowthPairCorr
  0.82BPTIX Baron Partners Steady GrowthPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr
  0.98VEXPX Vanguard ExplorerPairCorr

Moving against Baron Mutual Fund

  0.39BHCHX Baron Health CarePairCorr
  0.39BHCFX Baron Health CarePairCorr
  0.57GAAKX Gmo Alternative AlloPairCorr
  0.57GAAGX Gmo Alternative AlloPairCorr

Related Correlations Analysis

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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.

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