Baron Select Correlations

BTECX Fund  USD 13.76  0.25  1.85%   
The current 90-days correlation between Baron Select Funds and Tekla Healthcare Opportunities is 0.34 (i.e., Weak 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

Very weak diversification

The correlation between Baron Select Funds and DJI is 0.53 (i.e., Very weak 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 main economic indicators.

Moving together with Baron Mutual Fund

  0.87WEBB Web Global HoldingsPairCorr
  0.82WGNR WegenerPairCorr
  0.85CETXP Cemtrex Pref Earnings Call This WeekPairCorr
  0.8INST Instructure HoldingsPairCorr
  0.9LTCH Latch IncPairCorr

Moving against Baron Mutual Fund

  0.9FOXX Foxx Development Holdings TrendingPairCorr
  0.85DLPX Delphax TechnologiesPairCorr
  0.84EVOL Evolving SystemsPairCorr
  0.76DZSI DZS IncPairCorr
  0.72SBIGW SpringBig HoldingsPairCorr
  0.7XELAP Exela TechnologiesPairCorr
  0.66VEEA Veea Inc Symbol ChangePairCorr
  0.61VHAI VHAIPairCorr
  0.93GETR Getaround Financial Report 20th of December 2024 PairCorr
  0.92VLD Velo3D IncPairCorr
  0.92ZPTA Zapata Computing Holdings Symbol ChangePairCorr
  0.88ZPTAW Zapata Computing HoldingsPairCorr
  0.61XELA Exela TechnologiesPairCorr
  0.59MARK Remark HoldingsPairCorr
  0.52MSN Emerson RadioPairCorr
  0.46MINM Minim IncPairCorr
  0.4HPAIW Helport AI LimitedPairCorr
  0.31KBNT KubientPairCorr

Related Correlations Analysis

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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.