Baron International Growth Fund Market Value
| BIGFX Fund | USD 24.63 0.14 0.57% |
| Symbol | Baron |
Baron International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baron International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baron International.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Baron International on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Baron International Growth or generate 0.0% return on investment in Baron International over 270 days. Baron International is related to or competes with Baron Emerging, Baron Fifth, Baron Discovery, Baron Real, and Baron Focused. The fund is a diversified fund that invests for the long term primarily in equity securities in the form of common stock... More
Baron International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baron International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baron International Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6801 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.02 |
Baron International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron International's standard deviation. In reality, there are many statistical measures that can use Baron International historical prices to predict the future Baron International's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Baron International Backtested Returns
Baron International secures Sharpe Ratio (or Efficiency) of -8.0E-4, which signifies that the fund had a -8.0E-4% return per unit of risk over the last 3 months. Baron International Growth exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baron International's Risk Adjusted Performance of 0.0283, downside deviation of 0.6801, and Mean Deviation of 0.4928 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. Baron International returns are very sensitive to returns on the market. As the market goes up or down, Baron International is expected to follow.
Auto-correlation | -0.57 |
Good reverse predictability
Baron International Growth has good reverse predictability. Overlapping area represents the amount of predictability between Baron International time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baron International price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Baron International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Baron International lagged returns against current returns
Autocorrelation, which is Baron International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baron International's mutual fund expected returns. We can calculate the autocorrelation of Baron International returns to help us make a trade decision. For example, suppose you find that Baron International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baron International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baron International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baron International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron International Lagged Returns
When evaluating Baron International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron International mutual fund have on its future price. Baron International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baron International autocorrelation shows the relationship between Baron International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron International Growth.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Baron International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Baron International's short interest history, or implied volatility extrapolated from Baron International options trading.
Pair Trading with Baron International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baron International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baron International will appreciate offsetting losses from the drop in the long position's value.Moving together with Baron Mutual Fund
| 0.94 | BREIX | Baron Real Estate | PairCorr |
| 0.94 | BREFX | Baron Real Estate | PairCorr |
| 0.74 | BRIIX | Baron Real Estate | PairCorr |
| 0.94 | BSCFX | Baron Small Cap | PairCorr |
| 0.91 | BARAX | Baron Asset Fund | PairCorr |
The ability to find closely correlated positions to Baron International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baron International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baron International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baron International Growth to buy it.
The correlation of Baron International 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baron International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baron International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baron International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Baron International Correlation, Baron International Volatility and Baron International Alpha and Beta module to complement your research on Baron International. Note that the Baron International information on this page should be used as a complementary analysis to other Baron International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Baron International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.