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.
Baron |
Moving together with Baron Mutual Fund
0.87 | WEBB | Web Global Holdings | PairCorr |
0.82 | WGNR | Wegener | PairCorr |
0.85 | CETXP | Cemtrex Pref Earnings Call This Week | PairCorr |
0.8 | INST | Instructure Holdings | PairCorr |
0.9 | LTCH | Latch Inc | PairCorr |
Moving against Baron Mutual Fund
0.9 | FOXX | Foxx Development Holdings Trending | PairCorr |
0.85 | DLPX | Delphax Technologies | PairCorr |
0.84 | EVOL | Evolving Systems | PairCorr |
0.76 | DZSI | DZS Inc | PairCorr |
0.72 | SBIGW | SpringBig Holdings | PairCorr |
0.7 | XELAP | Exela Technologies | PairCorr |
0.66 | VEEA | Veea Inc Symbol Change | PairCorr |
0.61 | VHAI | VHAI | PairCorr |
0.93 | GETR | Getaround Financial Report 20th of December 2024 | PairCorr |
0.92 | VLD | Velo3D Inc | PairCorr |
0.92 | ZPTA | Zapata Computing Holdings Symbol Change | PairCorr |
0.88 | ZPTAW | Zapata Computing Holdings | PairCorr |
0.61 | XELA | Exela Technologies | PairCorr |
0.59 | MARK | Remark Holdings | PairCorr |
0.52 | MSN | Emerson Radio | PairCorr |
0.46 | MINM | Minim Inc | PairCorr |
0.4 | HPAIW | Helport AI Limited | PairCorr |
0.31 | KBNT | Kubient | PairCorr |
Related Correlations Analysis
0.84 | 0.28 | 0.68 | 0.77 | 0.86 | 0.85 | THQ | ||
0.84 | 0.28 | 0.73 | 0.89 | 0.95 | 0.99 | SCHLX | ||
0.28 | 0.28 | 0.08 | 0.61 | 0.43 | 0.22 | AHSCX | ||
0.68 | 0.73 | 0.08 | 0.6 | 0.76 | 0.75 | DLHIX | ||
0.77 | 0.89 | 0.61 | 0.6 | 0.94 | 0.86 | PHLAX | ||
0.86 | 0.95 | 0.43 | 0.76 | 0.94 | 0.94 | BHSRX | ||
0.85 | 0.99 | 0.22 | 0.75 | 0.86 | 0.94 | HIAHX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
THQ | 0.83 | (0.21) | 0.00 | (0.17) | 0.00 | 1.41 | 5.19 | |||
SCHLX | 0.52 | (0.12) | 0.00 | (0.66) | 0.00 | 0.89 | 3.08 | |||
AHSCX | 0.55 | (0.06) | (0.17) | (0.02) | 0.70 | 0.82 | 4.55 | |||
DLHIX | 0.80 | (0.36) | 0.00 | (0.37) | 0.00 | 0.99 | 13.29 | |||
PHLAX | 0.66 | (0.15) | 0.00 | (0.12) | 0.00 | 1.04 | 5.07 | |||
BHSRX | 0.55 | (0.16) | 0.00 | (0.15) | 0.00 | 0.91 | 3.39 | |||
HIAHX | 0.63 | (0.15) | 0.00 | (0.65) | 0.00 | 0.91 | 3.83 |