Baron Focused Growth Fund Market Value
| BFGFX Fund | USD 36.23 0.39 1.09% |
| Symbol | Baron |
Baron Focused '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 Focused'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 Focused.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Baron Focused on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Baron Focused Growth or generate 0.0% return on investment in Baron Focused over 30 days. Baron Focused is related to or competes with Baron Real, Baron Small, Baron Small, Baron Discovery, Baron Wealthbuilder, Baron Fifth, and Baron Global. The fund invests for the long term primarily in equity securities in the form of common stock of U.S More
Baron Focused 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 Focused'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 Focused Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9971 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.36 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.35 |
Baron Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baron Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baron Focused's standard deviation. In reality, there are many statistical measures that can use Baron Focused historical prices to predict the future Baron Focused's volatility.| Risk Adjusted Performance | 0.0232 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0169 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baron Focused'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 Focused Growth Backtested Returns
We consider Baron Focused very steady. Baron Focused Growth secures Sharpe Ratio (or Efficiency) of 0.0178, which signifies that the fund had a 0.0178% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Baron Focused Growth, which you can use to evaluate the volatility of the entity. Please confirm Baron Focused's Downside Deviation of 0.9971, risk adjusted performance of 0.0232, and Mean Deviation of 0.6789 to double-check if the risk estimate we provide is consistent with the expected return of 0.0152%. The fund shows a Beta (market volatility) of 1.07, which signifies a somewhat significant risk relative to the market. Baron Focused returns are very sensitive to returns on the market. As the market goes up or down, Baron Focused is expected to follow.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Baron Focused Growth has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Baron Focused time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Focused Growth price movement. The serial correlation of -0.76 indicates that around 76.0% of current Baron Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Baron Focused Growth lagged returns against current returns
Autocorrelation, which is Baron Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Baron Focused returns to help us make a trade decision. For example, suppose you find that Baron Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baron Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Baron Focused Lagged Returns
When evaluating Baron Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baron Focused mutual fund have on its future price. Baron Focused 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 Focused autocorrelation shows the relationship between Baron Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Baron Focused Growth.
Regressed Prices |
| Timeline |
Pair Trading with Baron Focused
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 Focused 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 Focused will appreciate offsetting losses from the drop in the long position's value.Moving together with Baron Mutual Fund
| 0.7 | BREIX | Baron Real Estate | PairCorr |
| 0.71 | BREFX | Baron Real Estate | PairCorr |
| 0.62 | BSCFX | Baron Small Cap | PairCorr |
| 0.76 | BARAX | Baron Asset Fund | PairCorr |
| 0.62 | BSFIX | Baron Small Cap | PairCorr |
The ability to find closely correlated positions to Baron Focused 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 Focused 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 Focused - 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 Focused Growth to buy it.
The correlation of Baron Focused 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 Focused moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baron Focused Growth 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 Focused 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 Focused Correlation, Baron Focused Volatility and Baron Focused Alpha and Beta module to complement your research on Baron Focused. Note that the Baron Focused Growth information on this page should be used as a complementary analysis to other Baron Focused'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Baron Focused 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.